Read the complete write-up of Enoch Godongwana net worth, biography, age, wife, children, height, family, parents, salary, party as well as other information you need to know.
Enoch Godongwana is a South African politician who has been serving as the Minister of Finance of South Africa in the government of President Cyril Ramaphosa since August 2021. He is also the current head of the African National Congress’s economic transformation subcommittee in the national executive committee (NEC).
|Net Worth||$10 million|
Enoch Godongwana was born on June 9, 1957 (age 64 years) in Cala, Eastern Cape, South Africa. He matriculated from St John’s College in Mthatha. He obtained an MSc degree in financial economics from the University of London in 1998.
Enoch Godongwana is a director of Mondi, a paper and packing company, as well as platinum miner Platinum Group Metals.
Godongwana chaired Canyon Springs Investments 12, a shell company which he jointly owned 50% of with his wife. Canyon Springs was found to be involved in allegedly defrauding clothing factory workers of R100-million of their pension fund money from 2007 until 2011.
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His R1.5 million salary was found to be drawn from money loaned by the Southern African Clothing and Textile Workers’ Union (Sactwu) to the company, which loaned money was never returned to the union. He claimed to be unaware of the company’s money sources.
Richard Kawie and Sam Buthelezi, other co-owners of Canyons Springs Investment 12, had fraud cases opened against them for not repaying the union’s loan.
Enoch Godongwana was a shop steward for the Metal and Allied Workers Union MAWU from 1979. He became general secretary of the National Union of Metalworkers of South Africa (NUMSA) from 1993 to 1996 and served on COSATU’s Executive and Central Committees from 1992 to 1997.
Godongwana served as deputy minister of public enterprises and deputy minister of economic development in the government of President Jacob Zuma from 2009 until 2012. He resigned after the Canyon Springs Investments matter was revealed by news organizations.
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In November 2020, the United Democratic Movement accused Godongwana of using his position in the DBSA to engage in corruption through companies that Godongwana had a stake in.
Enoch Godongwana is married to Thandiwe Godongwana, they had their marriage ceremony in the 1900s. His wife is a non-governmental worker and they have children together.
Enoch Godongwana net worth
How much is Enoch Godongwana worth? Enoch Godongwana net worth is estimated at around $10 million. His main source of income is from his career as a politician. Godongwana successful career has earned him some luxurious lifestyles and some fancy cars trips. He is one of the richest and most influential mayors in South Africa. Godongwana’s salary ranges from $120,000 to $420,000 as of 2022.