Sunday Times

Natie Kirsh, the man who caused all the trouble

Natie Kirsh denies playing DA-Agang matchmaker, but says he has a plan to help wayward leaders

- ADELE SHEVEL

WHO would have thought that an 82-year-old former South African with 95% of his business interests overseas could become such a divisive figure in the country’s politics?

And yet, Natie Kirsh, arguably South Africa’s most successful global investor, has been the subject of bitter insults and furious press releases from groups such as the South African Communist Party and the ANC Youth League.

They named him as the funder of the “failed marriage” between Helen Zille’s Democratic Alliance and Mamphela Ramphele’s Agang SA. The SACP referred to Kirsh as “a pioneer of global capitalist puppetry”— whatever that is supposed to mean.

What is true is that Kirsh has always preferred to operate below the radar, with astounding success. With business interests spanning the US, Australia, Europe and Southern Africa, Kirsh was ranked the 437th richest person in the world

Power corrupts if there are no constraint­s on anyone. It’s the same reason I supported the ANC

last year by Forbes magazine with personal wealth of $3.1-billion (about R34-billion).

Bloomberg’s Billionair­es Index ranked him even higher, putting his wealth at $5.1-billion.

Speaking to Business Times, Kirsh said he provided a “marginal amount” of funding to both the DA and Agang SA — an associate of his referred to it as “tea and biscuit money”— but denied bringing the parties together.

“I believe there’s got to be an opposition to the government, but I wasn’t involved in the marriage,” he said. “Power corrupts if there are no constraint­s on anyone. It’s the same reason I supported the ANC against the previous government because I thought it was essential to have an opposition.

“When Mamphela [Ramphele] came to me, she represente­d what could be good, credible opposition and I gave her some money. When Helen Zille came to me, she had already shown her ability to put things together and the [Western] Cape runs perhaps better than any of the other provinces,” said Kirsh.

Zille and Ramphele announced early in February that the shortlived plan to join forces, and for Ramphele to stand as the DA’s presidenti­al candidate, was over.

At the time, Ramphele was quoted as saying “a donor pushed the DA and Agang SA together”. Zille accused Ramphele of “reneging” on commitment­s she had made.

Kirsh is also close to Glynnis Breytenbac­h, a former deputy director in the National Prosecutin­g Authority whom he got to know when she was working on a case more than a decade ago in which someone had defrauded him. He said he admired her hugely for taking on the political establishm­ent.

Breytenbac­h, who resigned in January to join the DA and stand as an MP in the coming elections, had a stormy time in the NPA after being suspended in April 2012.

She accused her bosses of acting against her because she was determined to pursue a case of possible fraud against police crime intelligen­ce boss Richard Mdluli.

Kirsh and the De Klerk Foundation helped to pay Breytenbac­h’s legal costs when she successful­ly applied to the Supreme Court of Appeals to set aside her suspension.

Kirsh, who spends much of his time in the US and Europe, said he cared deeply about developmen­ts in South Africa, including what he called the “gradual chipping away” at the rule of law.

“In South Africa, we see the destructio­n of the rule of law in terms of an attack on how judges are approved. There is an attack on the freedom of the press where you can’t criticise the government,” he said, referring to the Protection of State Informatio­n Bill.

“There is an attack on the police service by the removal of the Scorpions and appointing inappropri­ate people to the NPA.”

What does Kirsh believe is motivating these measures?

“I came to the simple conclusion that it’s fear — fear that some will be prosecuted if the rule of law prevails,” he said. “So if you remove the threat of prosecutio­n, this will allow the restoratio­n of the rule of law. When this happens, it will also be the first step towards containing the increasing incidence of corruption throughout the country.”

This would attract badly needed foreign investment.

To this end, Kirsh said he had approached leading figures in the ANC with a highly unusual and potentiall­y controvers­ial idea: to lobby for a “blanket amnesty” for people in power that would allow them to relinquish office without fear of being jailed for anything they did wrong during their term.

That amnesty would also have constraint­s: anyone who got it, for example, would not be able to appoint key figures such as judges.

The implicatio­n in the rambling statements from the SACP and ANC Youth League was that Kirsh had some undisclose­d “agenda” in providing cash to the DA and Agang SA. But he rejects this.

“What is my South African agenda? I have no agenda. Look at the dynamics — I have three children who live in New York, nine grandchild­ren who live in America.

“My business interests are 95% outside of South Africa. In Southern Africa I’m very involved in Swaziland, where I have businesses and do a lot of charity work. For the rest, my business is around the world.”

Born in South Africa, Kirsh built his first business empire in

If you remove the threat of prosecutio­n, this will allow the restoratio­n of the rule of law

Swaziland and is now a citizen of that country. Although he is clearly not popular with the ANC’s alliance partner, the SACP, he is full of praise for the ruling party’s “remarkable progress” over the past 20 years and the “astonishin­g” way in which South Africa became a democratic country without bloodshed.

Kirsh has remained relatively anonymous in South Africa at least partly because he prefers investing in unlisted companies.

It was not always so. At one stage, he controlled 12% of Tradegro, which was the largest trading entity in South Africa some years ago. Tradegro at the time controlled the wholesale and retail sales of Checkers, Metro Cash, Dions, Russells and the JD Group.

He also tries to steer clear of the spotlight while continuing to work at the sort of frantic pace that would shame many people half his age.

Clearly, he does not have to keep working, so why does he?

Kirsh answered that he did not actually “work”. “I enjoy what I do . . . it’s creative.” So which business does he love best? “The one I’m best at . . . I’m a student of business — it’s like second nature.”

 ?? Picture: KATHERINE MUICK-MERE ?? SAVVY INVESTOR: Billionair­e Natie Kirsh says he has approached the ANC with an amnesty propositio­n for politician­s that he thinks will help to fight corruption and attract investors
Picture: KATHERINE MUICK-MERE SAVVY INVESTOR: Billionair­e Natie Kirsh says he has approached the ANC with an amnesty propositio­n for politician­s that he thinks will help to fight corruption and attract investors

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