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Gordhan – shares in over 40 companies

Pravin Gordhan
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Public Enterprises Minister Pravin Gordhan has more than 46 000 shares in more than 40 companies.

This is in his Declaration of interests, revealed in the 2017 Register of Members’ Interests.

The Register was published recently by the Joint Ethics Committee in Parliament.

MPs are required to declare their financial interests every year to the Registrar of Parliament.

This is aimed at monitoring possible conflict of interest by MPs.

Under the section of shares and other financial interests, it shows that Gordhan’s shares range from ordinary to preference shares and in property trusts.

Their nominal value range from R17 rand to more than R1 500 per share. He has close to 25 000 shares in various real estate property investment trusts.

Gordhan also has more than 6 500 preference shares in Absa, FNB, Nedbank and Standard Bank.

The nominal value of his preferences shares in ABSA are R699 rand per share of 230 shares.

However the nominal value for the over 6 000 shares he has in Nedbak, FNB and Standard Bank is not disclosed in the register of members interests.

The Minister also has shares in Remgro, Steinhoff International, British American Tobacco Company, Naspers and BHP Billiton.

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