Register now for Fin24 Dashboard and get access to portfolios, watchlists, financial comparison tools, and a whole lot more to help you achieve your financial goals.

Data provided by McGregor BFA
All data is delayed
Loading...
 
Prices are delayed by 15min.
Join the Fin24.com conversation about JSE-listed stock by using every time you tweet.

2010: SA rich to coin it

Dec 06 2009 17:00

Related Articles

World Cup to bring more crime

SA wines win 'ethical' prizes

2010 visitors to spend R14bn

SAA strikes World Cup deal

Sport falls prey to slump

Dutch told to bring condoms

 

Top Stories

Xstrata shuts furnaces to aid Eskom

Feb 13 2012 12:15

Miner Xstrata says it has brought forward maintenance on two furnaces to assist Eskom to save power.

SA economy adds 80 000 jobs in January

Feb 13 2012 10:43

Although jobs were created, the economy is still 420 000 jobs short of the peak employment level before the 2009 global financial crisis, says Adcorp.

Greece at last approves austerity measures

Feb 13 2012 07:58

Greek lawmakers have approved a new round of drastic austerity measures after a long day of street battles between police and protesters left dozens injured.

 
Share Share line Print

Johannesburg - Some of South Africa's richest citizens will be looking to add further to their wealth at next summer's World Cup by renting out their trophy homes and yachting berths to billionaires travelling to the country for the tournament.

Estate agents told South Africa's Sunday Times that money is "no object" with people able to charge exorbitant rates, starting from R50 000 a day to R4.2m a month for top-of-the-range accommodation.

The World Cup, which runs June 11 to July 11, is expected to attract some of the world's richest people, including Russian Roman Abramovich, Indian steel magnate Lakshmi Mittal, Manchester City owner Sheikh Mansour bin Zayed Al Nahyan, a member of Abu Dhabi ruling family, and Microsoft co-founder Paul Allen.

Although Russia failed to make it to the finals after surprisingly losing to Slovenia in the play-offs, Chelsea owner Abramovich will still dock his 170-metre long luxury yacht Eclipse, which has two swimming pools and 24 luxury guest cabins, in Cape Town.

According to the Sunday Times, the oil magnate has also leased a high-security house in Johannesburg where the final takes place in Soccer City on July 11, as well as an apartment on the Atlantic Seaboard.

Carphone Warehouse founder David Ross and Australian retail billionaire and Football Federation Australia chief executive Frank Lowy are also believed to be on the lookout for luxury accommodation in South Africa for the finals next year.

Ian Slot, director of Seeff Properties, said he had been instructed by an unnamed client to secure the best home in the province of Gauteng, where the host cities of Johannesburg, Pretoria and Rustenburg are located.

"Our brief is simple," he told the paper. "Our client requires a minimum of six bedrooms, ultimate luxury, and a helipad either on the property or not more than 15 minutes away ... and price is no object."

Slot estimated the daily rent for such a house at approximately R100 000 a day with a luxury five-bedroom home in Cape Town expected to a daily rate in the region of R80 000.

One of world's super-rich who obviously won't be facing any accommodation problems is South Africa's own Patrice Motsepe, the continent's only black billionaire.

The mining magnate and owner of South African Premier Soccer League club Mamelodi Sundowns, owns properties throughout the country.

- Sapa

 
 
Comment on this story
0 comments
Comments have been closed for this article.
Facebook still a closed book in China
Feb 08 2012 16:59

Mark Zuckerberg wants to ''friend'' China's massive market but how far is he prepared to go, and against what competition?

NicolaaSmith

What would happen if Greece leaves the European Monetary Union What would happen if Greece leaves the European Monetary Union The Euro would become a foreign currency like the US Dollar in Greece. Very little would actually change. It would be illegal for the Greek monetary authority to overprint a... Read their blog...

Recently updated
Podcasts
The Sishen saga

Legal expert Peter Leon on the increasingly complex legal wrangle over the Sishen Iron Ore mine. Time: 8:17 Listen Here...

Before you list

Is the clarion call of the JSE calling? Listen to Fin24’s expert panel discussion before you list your small business. Time: 17:29

Compare and Buy

Compare and apply for hundreds of financial products from many suppliers.

Credit cards Medical aid Current accounts Think Money

Money Clinic

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

Loading...