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The South African
a day ago
- Politics
- The South African
How much is Minister Senzo Mchunu earning during leave of absence?
Minister of Police Senzo Mchunu has been placed on leave of absence pending a judicial commission of inquiry, as ordered by President Cyril Ramaphosa. For public servants, this often equates to paid leave.. Mchunu's leave comes a week after KwaZulu-Natal Police Commissioner Nhlanhla Mkhwanazi made bombshell allegations of underworld dealings about the minister. During a 'family meeting' briefing on Sunday evening, President Cyril Ramaphosa announced that he had placed Minister Senzo Mchunu of a leave of absence. This minister would remain on leave for the duration of judicial commission of inquiry. The commission would be pending an 'urgent and comprehensive investigation' on Mkhwanazi's criminal allegations. Despite outlining the lengthy process, which could take several months, Ramaphosa claimed that the commission would be attended to with 'necessary urgency and thoroughness'. After its investigation, the commission would submit a final report to the president, who would also expect an interim report after three and six months. Cyril Ramaphosa and Senzo Mchunu. Image: GCIS In the interim, Wits Professor Firoz Cachalia would officially be appointed acting Minister of Police at the end of July. According to reports, ministers in South Africa over R2.6 million per annum, pending a 2.5% increase. Public servants, like Senzo Mchunu, receive their full salary during their leave of absence. In addition to his salary, Senzo Mchunu would likely benefit from other perks of being in office. This includes: Free water, electricity, and generators Living in a state-owned residence, which includes domestic help Luxury car allowance for professional and private use private use First-class flights for official trips and economy flights for family members Hotel accommodation and catering when on official business VIP protection, including blue-light brigades 'Out-of-pocket expenses' Minister Senzo Mchunu issued a statement following President Ramaphosa's address. He shared: 'I welcome and respect the President's decision and pledge my commitment to the process. Honour and integrity are the virtues I personally subscribe to and which we all need to make efforts to uphold. 'I stand ready to respond to the accusations against me and account to the citizens of the Republic, fully and honestly so.' Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1 . Subscribe to The South African website's newsletters and follow us on WhatsApp , Facebook , X, and Bluesky for the latest news.
The South African
5 days ago
- Business
- The South African
How does SA's most expensive school Hilton College compare to UK's costliest?
Home » How does SA's most expensive school Hilton College compare to UK's costliest? Private education in South Africa now costs more than ever. In truth, it's hitting luxury territory. But how does it compare worldwide? Image: Hilton College Private education in South Africa now costs more than ever. In truth, it's hitting luxury territory. In 2025, fees at South Africa's most expensive private boarding school, Hilton College in the KwaZulu-Natal Midlands, passed the R420 000 mark. And it's not an outlier. Michaelhouse down the road costs R392 000 per annum with St Andrew's College in Makhanda (formerly Grahamstown) setting parents back R387 531 a year. In terms of what one would need to earn per annum to afford to send your child to one of the aforementioned schools, remember those fees are after tax . You'd need to be in the top 1% of South African salary-earners to be able to afford to do so. Factoring in all of life's other costs, to afford Hilton College comfortably, our calculations show you'd need a household income of between R2.6 million and R2.8 million per year. However, those amounts are 'low' compared to what it costs to send a pupil to Eton College, one of the United Kingdom's top schools in 2025. Eton College fees are £21 099.60 (R508 863.70) per term, which includes tuition, board, activities, and educational materials – much the same as is on offer on Hilton College. With three terms per academic year, the total annual cost is £63 298.80 (R1 526 591.09). This is inclusive of VAT, which is now applied to independent school fees. Below, a detailed comparison between Hilton College and Eton College, focusing on school fees and the broader educational context: Feature Hilton College Eton College Location KwaZulu-Natal, South Africa Windsor, England Annual boarding fees R420 729 (£17 445) £63 299 (R1.53 million) Type All-boys, full boarding All-boys, full boarding Extras Most activities included in base fee Extra charges for music, trips, uniforms Non-refundable acceptance fee R105 000 (£4,300) £400 registration + £3 000 joining fee All meals, tuition, boarding, textbooks, activities, and sport are included Known for a strong academic record and beautiful natural surroundings (in a 1 762-hectare estate) No 'hidden extras' is a key selling point Covers boarding, tuition, meals Additional charges for private music lessons, overseas trips, optional activities, and uniforms Historic prestige and access to elite global networks Aspect Hilton College Eton College Founded 1872 1440 Reputation Among South Africa's top private schools One of the most prestigious schools globally Notable alumni Business leaders, judges, politicians 20 British Prime Ministers, royals, elites Curriculum IEB (Independent Examinations Board – SA) GCSEs and A-Levels (UK) Hilton College is expensive by South African standards, but still relatively affordable globally. It's aimed at high-income South African families and international boarders from Africa. is expensive by South African standards, but still relatively affordable globally. It's aimed at high-income South African families and international boarders from Africa. Eton College is elite in cost and access. It's typically reserved for global ultra-wealthy families, royals, or those on rare scholarships. School Estimated household income needed (ccomfortably) Hilton College R2.8 million (£116 000) Eton College £250 000 (R6 million) Hilton College offers a world-class boarding experience at a third of the price of Eton, with a strong South African identity and emphasis on tradition, leadership, and outdoor learning. offers a world-class boarding experience at a of Eton, with a strong South African identity and emphasis on tradition, leadership, and outdoor learning. Eton College is in a different league globally – extremely prestigious, more expensive, and tightly tied to British aristocracy and governance. In short: Hilton College is elite within South Africa; Eton College is elite within the world. Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1 Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
The South African
08-07-2025
- Business
- The South African
South Africa's 10 most expensive private schools in 2025
Hilton College is currently the most expensive private school in South Africa. Image: wikimedia commons Private education in South Africa isn't just premium, it's hitting luxury territory. In 2025, top boarding school fees have passed the R420 000 mark. That's shockingly more than most people's annual salary! Here's what you need to know about the most expensive private schools in the country, what they offer, and what kind of income you need to afford them. According to BusinessTech 's data from January 2025, private education costs in the country have reached new heights this year, with at least 10 private schools now charging over R340 000 per year for tuition and boarding. Rank School Location 2024 fees 2025 fees percentage increase 1 Hilton College Hilton, KZN R397 660 R420 729 5.8% 2 MichaelHouse Balgowan, KZN R368 000 R392 000 6.5% 3 St Andrew's College Makhanda, EC R363 879 R387 531 6.5% 4 Roedean School for Girls Johannesburg, GP R360 087 R387 093 7.5% 5 St John's College Johannesburg, GP R352 612 R376 589 6.8% 6 Kearsney College Botha's Hill, KZN R350 130 R374 330 6.9% 7 Bishops College Cape Town, WC R341 430 R364 680 6.8% 8 St Mary's Johannesburg, GP R335 470 R358 665 6.9% 9 St Alban's College Pretoria, GP R328 920 R353 580 7.5% 10 Diocesan School for Girls Makhanda, EC R323 040 R345 630 7.0% Well, these private schools justify their price tags with: World-class facilities, including modern labs, gyms, auditoriums, and Olympic-grade sports fields. Small class sizes: Think personalised attention and academic support. Leadership programs, which are often seen as stepping stones to Ivy League and top SA universities. Matric perks like private matric rooms, top-tier mentorship, and curated university application support. If you were to factor in the costs, to afford Hilton College or Michaelhouse comfortably, you'd need a household income of around R2.6 million to R2.8 million/year. For girls' schools like Roedean or St Mary's, you'd need around R1.4 million to R1.6 million/year. Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1 Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
IOL News
13-06-2025
- Business
- IOL News
Court ruling leads to business rescue for Azrapart, owner of Fourways Mall
The South Gauteng High Court has put Azrapart, which owns half of South Africa's largest shopping center, Fourways Mall, under business rescue after it was unable to pay Investec and First Rand Bank R2.8 billion. Image: Fourways Mall/Facebook The South Gauteng High Court has put Azrapart, which owns half of South Africa's largest shopping center, Fourways Mall, under business rescue after it was unable to pay Investec and First Rand Bank R2.8 billion. Azrapart's only business activity relates to the joint ownership and management of Fourways Mall, a super-regional shopping centre in Fourways, Johannesburg. The other half of the mall is owned by listed fund APF. Azrapart is controlled by Eriologix, which is in turn controlled by the Michael Family Trust. The ruling caps off a series of court matters, including one in March in which both Investec and First Rand Bank, acting through its Rand Merchant Bank, argued that Azrapart owed them R2.3 billion, which it was unable to pay. 'As a result, the court found that there is no doubt strong indications that the first respondent is in financial distress,' the latest ruling handed down earlier this month stated. To further complicate matters, in May 2024, the Competition Tribunal decided that the two banks that successfully placed Azrapart under business rescue, could take control of the mall owner in a bid to restructure Azrapart's debt. In March this year, Azrapart argued that it was in the process of finalising a transaction with Redcore Hospitality, a company registered in the United Kingdom. In terms of this transaction, it would receive a capital injection of R2.6 billion. This, the mall owner argued, would enable it to pay its debt. 'In an affidavit filed on behalf of the first respondent, there was an undertaking that the first respondent [Azrapart] would make payment of the R2.6 billion so received to the applicants [Investec and First Rand], which would be more than sufficient to cover the liability of the first respondent towards the applicants.' In the March ruling, the issue arose of whether this amount would be paid, and final judgment for the banks' application to have Azrapart placed under administration. Between March and June, Azrapart filed several applications indicating that the cash injection would be forthcoming. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Ad Loading However, a subsequent investigation revealed that Redcore didn't actually have the money it needed to pay Azrapart. 'It appears then that, having regard to all the information placed before it, this Court still cannot find with any measure of certainty that the R2.6bn will be transferred to the first respondent by Redcore. It follows that the first respondent should now be placed in business rescue,' the South Gauteng High Court said in June. It added that this will 'enable the independent rescue practitioners to assess any agreement with Redcore, and if determined viable, to pursue such transactions further in the first respondent's business rescue proceedings'. Under the latest ruling, Piers Marsden and Lance Schapiro have been appointed as joint interim business rescue practitioners. As part of the process, the mall owner has been placed under supervision. The Fourways Mall partnership came about in 2015, when the Competition Tribunal approved a merger between Accelerate Property Fund and Azrapart, owners of property in the Fourways area. 'It was found that neither merger would have an impact on competition,' it said. IOL
IOL News
12-06-2025
- Entertainment
- IOL News
The Labubu craze: A toy sculpture sells for R2. 6 million in China
Labubu figures are displayed at a Pop Mart store in Shanghai, China. Image: STRINGER / IC photo / Imaginechina via AFP A Beijing auction house has sold a four-foot-tall sculpture of a viral plush toy character for more than $150,000 (R2.6 million), as global demand for the Chinese-designed Labubu dolls reaches fever pitch. The rabbit-like figures sporting mischievous grins began as a character created by Hong Kong-born artist Kasing Lung and are made by Beijing-based toy brand Pop Mart. They have been endorsed by celebrities such as Rihanna and Dua Lipa, and fans have queued overnight outside stores hoping to snag one, with analysts pointing to the phenomenon as evidence of China's growing soft power. On Tuesday, a teal sculpture depicting a Labubu character with a furry body and head fetched an eye-watering 1.08 million yuan ($150,260) at an auction held in Beijing, according to the auction house's app. The sculpture is "the only piece of its kind in the world", according to Yongle International Auction. It was offered alongside other Labubu paraphernalia, including a brown statue that sold for 820,000 yuan. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Ad loading Pop Mart has over 400 stores globally, including 30 US branches. The worldwide frenzy has seen people go to desperate lengths to acquire their own Labubu. Last month, a London branch of Pop Mart suspended in-store sales of the toys, fearing violence from would-be buyers who failed to get their hands on the limited-edition Labubus. In Singapore, CCTV footage captured a family stealing Labubu dolls from a claw machine, according to Singaporean online media outlet AsiaOne. Burglars broke into a store in California last week and took several Labubu dolls along with electronics and other valuables, American news outlet ABC reported. In China, the toys have been promised as freebies for new bank customers -- an incentive quickly shut down by local regulators, according to Chinese media reports. The toys have spawned a booming resale market as well as an online community of fans sharing tips on how to customise their dolls. Knockoffs, many of which are also made in China, have flooded online platforms, dubbed "Lafufus" by social media users. AFP
