Apart from being a top member of the African National Congress (South Africa’s ruling political party), Cyril Ramaphosa is also the 21st South African President via election.
Cyril hails from Soweto. A town known for other public figures in South Africa has become a top tourist attraction in the country. Ramaphosa’s deep interest in politics prompted him to join the ANC at a young age while still a university student. He has won several awards, especially in academia and the party. He was formerly the deputy president in the immediate past administration led by Jacob Zuma.
Cyril Ramaphosa’s wealth is an open secret. He has significant investments in several expensive hobbies, and he’s a top game farmer. He was famous for being Nelson Mandela’s negotiator-in-chief. He has investments in many industries such as fast food, beverage, media, and telecoms. He is also a franchisee of McDonald’s before venturing into mining.
Cyril Ramaphosa’s Vast Business Interest
Even though Ramaphosa had vast business interests, he chose to step down from most of them when he became president-elect, stating that he wants a full focus on its new responsibilities. He sold his 30% stake in the Shanduka investment group and resigned as chairman of the company. This company was later integrated into the Pembani group and is now known as Pan African holdings. Ramaphosa founded Shanduka in 2001, and its principal business interests are in finance, Coca-Cola, McDonald’s franchises, and mining.
His wife is a sibling of Patrice Motsepe, another of South Africa’s wealthy men and the 9th richest man in Africa based on Forbes’s latest rankings of Africa’s wealthiest individuals. According to Forbes, Cyril Ramaphosa’s wealth is estimated to be $450 million, and he’s the 42nd richest man in Africa.
Cyril Ramaphosa’s Opinion About Bitcoin
It has been widely speculated in the media that Pravin Gordhan and Cyril Ramaphosa are attempting to use cryptocurrency, especially Bitcoin, to allot funds to embattled South Africans. However, both men have released separate press releases to deny these speculations completely. The truth is that Ramaphosa hasn’t lent its support or disapproval of cryptocurrency yet. He’s earned the majority of his wealth through various investments and chains of business.
Can South Africa Become a Bitcoin Hub?
Well, the answer is a resounding yes, according to most financial experts in South Africa. The basis of the reason is the massive Bitcoin adoption that has happened in the past five years. Hence, they predict that the country might soon become the focal point of Bitcoin trading, especially in payment services.
Various unconfirmed reports show that many South Africans have investments in multiple cryptocurrencies. Hence, crypto holders who lack full knowledge of cryptocurrency will require efficient trading systems to achieve success when trading cryptocurrencies.
As many people become interested in trading cryptocurrencies, the Bitcoin Future and similar systems will succeed significantly in such environments.
The Confirmed List of South Africans with Cryptocurrency Investments
Several South African-born celebrities have been vocal about their understanding of cryptocurrency. Cryptocurrency and blockchain technology are fast becoming the most popular words in South African companies, especially the tech and finance industries. The top ten South Africans with vested interests in cryptocurrency (in no particular order) are:
- Lorien Gamaroff, Bankymoon
- Sonya Kuhnel, Blockchain Academy
- Gareth Grobler, Ice Cubed
- Abraham Cambridge, The Sun Exchange
- Marcus swanepoel, Luno
- GJ Van Rooyen, Custos Media Technologies
- Liew Claasen, Bitcoin Foundation
- Vinny Lingham, Civic
- Micheal Deon, Augmentors
- ● Riccardo Spagni, Monero Cryptocurrency
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