Herman Mashaba Biography
Herman Mashaba was born on 26th August 1959 in Hammanskraal, South Africa. He is a South African entreprenuer, founder of cosmetics company, Black Like Me, politician and Mayor of Johannesburg.
Herman Mashaba Entreprenuer
From a young age he was a strategic thinker – he bought a car without having a license and drove out of the dealership without ever having learned to drive. He drove himself from one selling job to another, in the process confirming for himself that he was a natural salesman with an unswerving instinct for business.
He started selling “SuperKurl” African hair-care products and became their number-one earner. He soon realised that these products excited him and that he wasn’t content to be just an employee. (Reference: Book titled “South Africa’s Greatest Entrepreneurs”, compiled by Moky Makura, article written by Isabella Morris). In 1985 on Valentine Day he launched “Black Like Me”.
Herman Mashaba Black Like Me
His company, “Black Like Me”, was launched on Valentine’s Day in 1985 with a R30,000 loan from his friend, businessman Walter Dube.
Herman Mashaba Political Career
From 2012 until May 2014, Mashaba served as chairman of the Free Market Foundation (FMF).He stepped down from his position when he joined the Democratic Alliance as an “ordinary card-carrying member”, citing the need for the Foundation to remain political impartial.
On 3rd August 2016 during the municipal election he was elected as the mayor of Johannesburg. On August 22, 2016, Mashaba was sworn in as a Johannesburg City Councillor. Later that day, he was sworn in as the Mayor of Johannesburg, the first non-ANC Johannesburg mayor since 1994.
Herman Mashaba Professional Positions
- 2008 – Present: Non-Executive Director at Stefanutti Stocks Holdings Limited.
- 2008 – Present: Deputy Chairman at Growthpoint Properties Limited.
- 2006 – Present: Independent Non-Executive Director at Edcon Holdings (Proprietary) Limited.
- 2004 – Present: Non-Executive Director at Metboard Properties Limited.
- 2002 – Present: Chief Executive Officer and Founder of Leswikeng Minerals & Energy (Pty) Limited.
- 2002 – Present: Chairman of Consolidated Power Projects (Pty) Limited.
- Non Executive Director at Black Like Me (Pty) Limited.
- Non-Executive Director at Business Development, Aerosud Holdings (Pty).
- Non-Executive Chairman at Buildingworks Group Limited.
- Chairman at Stocks Building Africa (Pty) Limited.
- 2007 – 2010: Director at CONSOLIDATED INFRASTRUCTURE GROUP
- 1985 – 2004: Founder & Chief Executive Officer of Black Like Me (Pty) Limited.
- Non-Executive Chairman at Consolidated Infrastructure Group.
- Non-Executive Director of SEA KAY Holdings Limited.
Herman Mashaba Awards
- 2005: Honorary Award by UNISA for Outstanding Entrepreneur and Leader in the Business Environment.
- 2003: Award for Entrepreneurial Leadership by Henley Management College.
- 2001: SABC/Tribute Achievers Award .
- 1994: Marketing Person of the Year by the Institute of Marketing Management.
- 1994: New Nation/Engen Businessman of the Year.
Herman Mashaba Net Worth
He has an estimated net worth of $100m.
Herman Mashaba Books
He is the author of two books. These two books detail his business savvy despite having grown up with the odds against him in the apartheid regime.
- 2017: Black Like You: An Autobiography.
- 2015: Capitalist Crusader: Fighting Poverty Through Economic Growth
Herman Mashaba Age
He was born on 26th August 1959. He is 59 years old as of 2018.
Herman Mashaba Wife
Herman is married to Connie Mashaba and they have two children, Khensani Mashaba and Rhulani Mashaba.
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Herman Mashaba Contact Details | Herman Mashaba Email Address
Tel: 011 407 7309
Email: [email protected]
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Pravin Gordhan accuses Herman Mashaba of ‘petty political point scoring’
Public enterprises minister Pravin Gordhan has accused Johannesburg mayor Herman Mashaba of reducing the “professional and sound relationship” between the city and state-owned arms manufacturer Denel to “petty political point scoring”.
Gordhan’s accusation comes after Mashaba said earlier this week that Gordhan was “economical with the truth”‚ after the minister said in a written parliamentary reply that a R290-million loan granted by the city to Denel was lawful.
Mashaba said on Tuesday it remained to be seen if the loan‚ which was granted to Denel in 2012 by the city from the city’s sinking fund‚ which was being managed by Gupta-linked Regiments Capital‚ was legal‚ but that “minister Gordhan’s willingness to pronounce on a very limited assessment of the legality of this loan misses the most fundamental point for someone charged with overseeing the prudent use of public money”.
The loan was part of the unsecured component of the domestic medium-term note programme‚ Gordhan had said in his parliamentary reply.
The loan had to be paid back in June‚ but an extension was granted to December after Gordhan asked for Mashaba’s “indulgence” in rolling over the maturity of the note‚ given Denel’s serious liquidity challenges.
On Wednesday evening‚ however‚ Gordhan hit back in a statement in which he told Mashaba that the loan was concluded by a previous administration in Johannesburg‚ as well as a former Denel board‚ that Regiments Capital was appointed by the city and that the city should therefore investigate whether the contractual relationship between the metro and Regiments was properly entered into.
In terms of the loan‚ Gordhan said he had explained in his parliamentary answer that in 2007-2008‚ the Treasury and the department of public enterprises had approved a domestic medium-term note for R2.2-billion that allowed for both secured and unsecured loans‚ which was registered with the JSE.
Gordhan said at the time the loan was entered into in September 2012‚ Denel was a profitable state-owned enterprise‚ with a healthy balance sheet.
“Based on historical records‚ there are no indications that any breaches were committed in corporate governance rules or in Treasury’s public finance management regulations‚” Gordhan said.
He said that “despite a decent and professional discussion” in June‚ Mashaba “saw fit to attack the integrity and the reasonable arrangements with the city” on two occasions‚ referring to Gordhan’s letter‚ which was leaked to the media‚ as well as the most recent statement that he was “economical with the truth’’‚ which Gordhan saw as implying that he had misled or lied to parliament.
“I strenuously reject these insinuations‚” Gordhan said‚ adding that he maintained that his written response to parliament was correct and that the loan facility was legal.
“If the city finds that its relationship with Regiments was improper‚ we will completely support any corrective action the city wishes to take.’’