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Clear Search. Close Login. Forgot you username or password? Close Email this article separate emails by commas, maximum limit of 4 addresses. Close Embed Video. Police Minister Bheki Cele.
About Polity. Subscriptions are available via the Creamer Media Store. View store. Advertise Advertising on Polity. Advertise Now. To date, the former Light heavyweight Boxer, through his company owns over 15 shopping malls, with a few others at the development stage.
Given his fighting spirit, he has expanded his business interest into new industries, including mining, oil, and gas, as well as pharmaceuticals. JB HOLDINGS is a wholly black owned company, with its core business focus being both in property development, as well as in strategic investment of diverse, multi-million rands portfolios, specifically in mining, telecoms , oil and gas projects across Africa. About JB Holdings. Follow Us on.
Contact Us. Box , Irene, Tel: Fax: The house, on a ha farm, boasts an Olympic-sized swimming pool, a lapa that can accommodate people and garages for 12 vehicles. Shabangu said the fact that he had never been knocked out in his 21 fights had helped to make him a shrewd businessman.
Boxing also gave him a ticket to the world of business. Shabangu grew up in rural Dennilton, in Mpumalanga, but having 20 siblings meant he was forced to earn his keep. His father, who had children by five wives, gave each child a plot of land to cultivate while they were still in school in an attempt to teach them to become independent. When he was 22, the monthly turnover from his mealie meal business was R4-million, which included a net profit of between R1.
Armed with cash, he started snapping up land for development, and soon built his first shopping mall, Matsamo Plaza in Mpumalanga, for Rmillion.
Shabangu's portfolio includes three office blocks in Pretoria and Durban, and several mining interests, including a share in a diamond mine in Swaziland. A staunch Jehovah's Witness, Shabangu has plans to build a training centre for welders and boilermakers in President Jacob Zuma's village, Nkandla, saying it was a token of appreciation "for having a leader like Zuma, who was able to unite the nation".
Admitting that he knew Zuma well, Shabangu was reluctant to elaborate on this friendship, simply saying: "But this has nothing to do with Zuma. I am not going to go into that. But Shabangu vehemently denied signing the Rmillion lease with the police commissioner, General Bheki Cele.
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