• Will the NPA stand up?

    Solly Moeng wonders if the NPA head will reinstate criminal charges against president Zuma.

  • Commodity currency

    Jac Laubscher asks if the true exchange rate of the rand is really a cue from commodity prices.

  • Accoutable government

    Mandi Smallhorne says government should be taken to court for its wasteful expenditure.

All data is delayed
See More

Rupert surprised by ANCYL attack

Jul 27 2011 15:27
I-Net Bridge

Company Data


Last traded 1923
Change 29
% Change 2
Cumulative volume 1106921
Market cap 0

Last Updated: 04-05-2016 at 04:43. Prices are delayed by 15 minutes. Source: McGregor BFA


Last traded 135
Change -4
% Change -3
Cumulative volume 2339457
Market cap 0

Last Updated: 04-05-2016 at 04:43. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

ANCYL attacks Rupert family

Malema denies building R16m house

ANCYL: Sars must not take orders from DA

Sars: No request for Malema audit

DA calls for tax probe into Malema

Taking land without payment a possibility

Johannesburg - One of South Africa's wealthiest businessmen, Johann Rupert, said on Wednesday he is surprised that the ANC has allowed its youth league to attack him.

Rupert told I-Net Bridge the ANC knew that he and his father never funded or had any connections with the former National Party.

Earlier on Wednesday the ANC Youth League (ANCYL), as part of its reaction to questions about its president Julius Malema's trust fund, claimed the Rupert family was the majority shareholder of "the Afrikaner dominated and controlled Naspers Group, of which senior management is 100% white and male".

The ANCYL added that Naspers [JSE:NPN] owns Media24, which controls Rapport, Die Beeld, City Press and the Daily Sun newspapers.

City Press newspaper on Sunday reported that Limpopo businessmen paid money into Malema's trust fund account in return for government tenders. The ANCYL has denied this.

"All these publications replicate the apartheid ideology of white supremacy and portray black people as corrupt or superstitious human beings with no potential to develop and engage in conscious social, political and economic issues confronting SA."

However, Rupert said it was news to him - and it would be news to Naspers' Koos Bekker too - that the Rupert family had any influence over the media group.

"If we have any shares they are miniscule - it could only be a couple of thousand shares that my late father (Anton Rupert) owned originally."

Rupert is chairperson of luxury goods group Richemont.

The ANCYL also said it wanted to know how much farm and agricultural land the Rupert family owned in SA today and how the family had acquired this land.

Criticised in the past

Rupert - who was clearly amused at the ANCYL's allegations - said both he and his father had been criticised in the past by Naspers for being against apartheid.

"People know it and the ANC leaders know it."

This is not the first time that the Rupert family has been attacked by the ANCYL.

"It's the fifth or sixth time they've had a go at our family, making allegations that we hide in Stellenbosch. My record and my family's record against racism speak for itself."

One of SA's largest banks, Absa Group [JSE:ASA], was also fingered by the ANCYL.

"What is the role of Absa, whose CEO Mario (sic) Ramos has publicly opposed the policy positions of the ANCYL, particularly on the nationalisation of mines?"

And then it was agricultural organisation AfriForum's turn.

The ANCYL claimed that the relationship between Media24 "and right-wing formations, in particular AfriForum", should be explained because AfriForum has been running "STOP MALEMA" adverts in Media24 publications for free "for many months now".

At the weekend, AfriForum opened a corruption case against the ANCYL president following the City Press report on Malema's trust fund.

AfriForum laid the complaint in accordance with the Prevention and Combating of Corrupt Activities Act of 2004.

* Fin24 is a Naspers publication.


Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

We're talking about:


Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The drop in inflation:

Previous results · Suggest a vote