Monday 2 September 2019

The Stellenbosch Mafia - Inside the Billionaires' Club

Launching


Buitenverwachting Restaurant, Thursday 5th September

Guest speaker PIETER DU TOIT is a political journalist and has held senior positions at a number of Afrikaans titles, including political correspondent and news editor at Die Beeld in Johannesburg. In 2017 he was appointed Editor of Huffington Post South Africa. He has covered politics for more than a decade. His first book Enemy of The People was a best seller.

THE BOOK
About 50km outside of Cape Town lies the beautiful town of Stellenbosch, nestled against vineyards and blue mountains that stretch to the sky. Some of South Africa’s wealthiest individuals: all male, all Afrikaans live here – and all very, very rich; Johann Rupert, Jannie Mouton, Markus Jooste and Christo Weise, to name a few.

Julius Malema refers to them scathingly as ‘The Stellenbosch Mafia’, the very worst example of white monopoly capital.  But who really are these mega-wealthy individuals, and what influence do they exert not only on Stellenbosch but more broadly on South African society?
Author Pieter du Toit begins by exploring the roots of Stellenbosch, one of the wealthiest towns in South Africa and arguably the cradle of Afrikanerdom. This is the birthplace of apartheid leaders, intellectuals, newspaper empires and more.

He then closely examines this ‘club’ of billionaires. Who are they and, crucially, how are they connected? What network of boardroom membership, alliances, and family connections exists? Who are the ‘old guard’ and who are the ‘inkommers’, and what about the youngsters desperate to make their mark? He looks at the collapse of Steinhoff: what went wrong, and whether there are other companies at risk of a similar fate. He examines the control these men have over cultural life, including pulling the strings in South Africa rugby.

NITTY GRITTY
We return to the beautiful Buitenverwachting Restaurant for this luncheon. A superb 2-course luncheon with Amuse Bouche and Petit Fours including wines will cost you R495.

For more information or to book please telephone  021 685 8016 or email sandybailey@telkomsa.net. 


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