New Millionaires in South Africa


The average age of millionaires in South Africa used to be 55 and above. But a new crop of twenty something SA millionaires are proving quite the opposite.

The millionaires we had all become accustomed to are today now sitting on billionaire status. These include mining diamonds industry Nicky Oppenheimer, financial services Allan Gray, and mining mogul Patrice Motsepe, self-made billionaire Cyril Ramaphosa and Wendy Applebaum owner of the De Morgenzen Wine Estate.

Then there’s millionaires celebrated media entrepreneur, strategist and a motivational speaker, Lebo Gunguluza and the current CEO of Smile Telecoms Irene Charnley.

And with the exception of Mark Shuttleworth who between the young ages of 22-26 years was already considered a millionaire. The new millionaires in SA prove that it doesn’t only take the struggle of decades by the hardest working entrepreneurs to achieve to that level of wealth. But that also a lot of smarts can get you there quicker too.

Take a look at Sandile Shezi who after trading in all his money that was supposed to be for his education through Forex Trader. With an aim to make short-term profits, it was a risky investment as it focused more on sentiment. But that has proven to work for Shezi who today is SA’s youngest millionaire and co-owner and founder of the Global Forex Institute. This aims at providing affordable, effective Forex training that works, to the masses. Global Forex Institute empowers the mass on doing the same thing that Shezi did and educating them about Forex.

And there’s 25 year old South African serial entrepreneur, Murendwa Mmabasotho Mukwevho. This consumer studies and international businesses graduate’s successfully runs six businesses in South Africa, Lesotho and the international markets of the USA.

Her business interests range from transportation and logistics to property and events. Her logistics company, MMS Logistics, transports cargo and furniture across a number of African countries including Zimbabwe, Lesotho and Botswana. She also has businesses in printing, construction and hospitality.

As well as two guest houses and conference venues one based in Thohoyandou while another in Maseru, Lesotho. With her venture into the US being her biggest success yet, an international heavy goods delivery company, launched with the help of her father.


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