Richest Women In South Africa

South Africa is home to some of the most successful and influential women in the world. These women have made substantial contributions to the country’s economy and have inspired others to follow in their footsteps.

Significance of Women’s Contributions to the Economy and Society

The accomplishments of these women demonstrate the significant role they play in various sectors of South Africa’s economy. From mining and finance to telecommunications and retail, these women have defied gender stereotypes and broken through barriers to establish themselves as leaders in their respective fields. Their success not only contributes to the economy but also paves the way for future generations of women to pursue their dreams and excel in their chosen careers.

Methodology for Calculating Net Worth

To determine the net worth of these remarkable women, we have considered various sources of information, including public records, financial statements and credible news reports. We have considered their stakes in companies, property and other investments, while also accounting for their liabilities and debt.

Wendy Appelbaum

Wendy Appelbaum was born in South Africa and is the daughter of the renowned businessman and philanthropist, Donald Gordon. She grew up in an environment that fostered a strong work ethic and a passion for business, which laid the foundation for her future endeavours. Wendy attended the University of the Witwatersrand, where she pursued a degree in Law.

Career in Business and Philanthropy

Wendy began her career in the insurance industry, working alongside her father at Liberty Investors, a prominent South African insurance company. Over time, she expanded her interests into various sectors, including property, banking and wine production. In 1994, Wendy and her husband, Hylton Appelbaum, purchased the DeMorgenzon wine estate in Stellenbosch, which has since become a highly respected and award-winning winery.

Wendy’s passion for philanthropy is evident through her various charitable actions. She has served on the boards of numerous non-profit organisations, including the Gordon Institute of Business Science and the Nelson Mandela Children’s Fund. Wendy is a founding member of the Women’s Investment Portfolio Limited (WIPHOLD), an investment group focused on promoting the economic empowerment of women in South Africa. In addition, she is actively involved in healthcare initiatives and co-founded the Donald Gordon Medical Centre, in Johannesburg.

Net Worth and Assets

Wendy’s estimated net worth is around R4.8 billion. Her wealth is derived from her diverse business interests, including her successful wine estate, property investments and her stake in various companies. She is not only known for her financial success but also for her commitment to philanthropy and making a positive impact on society.

Wendy Ackerman

Wendy Ackerman was born in Cape Town, South Africa, and had a keen interest in education and entrepreneurship from a young age. She pursued a degree in teaching at the University of Cape Town where she met her husband, Raymond Ackerman. Together, they shared a vision of a successful retail business and a commitment to giving back to the community.

Co-founding of Pick n Pay

In 1967, Wendy and Raymond Ackerman co-founded Pick n Pay. With Wendy’s support and guidance, the company has grown to include over 1 800 shops across the country as well as in Zimbabwe, Namibia and Zambia. Pick n Pay is known for its focus on customer service, innovation and social responsibility, which have been instrumental in the company’s success.

Net Worth and Assets

Wendy’s estimated net worth is around R3.5 billion, which is primarily attributed to her stake in Pick n Pay as well as her property investments and other business ventures. Besides this, Wendy has been recognised for her philanthropic efforts supporting education, healthcare and environmental initiatives through the Ackerman Family Educational Trust and the Pick n Pay Foundation.

Bridgette Radebe

Born in South Africa, Bridgette Radebe grew up in a politically active family during the apartheid era. Her early experiences sparked her interest in social justice and economic empowerment, motivating her to pursue a career in the mining industry. Bridgette attended the University of the Witwatersrand, where she earned a degree in Mining and Mineral Economics.

Success in the Mining Industry

Bridgette made history as the first black female mine operator in South Africa, breaking barriers in a male-dominated industry. In 1991, she founded Mmakau Mining, a successful mining company specialising in coal, gold, uranium and platinum. Over the years, her company has been involved in several mining projects and joint ventures, solidifying her reputation as a trailblazer and influential figure in the industry.

Bridgette’s commitment to social justice and sustainable development is evident in her work as the President of the South African Mining Development Association (SAMDA) and her role as a strategic advisor to the Minerals Council of South Africa. Through these positions, she has advocated for the transformation and growth of the mining sector while promoting inclusivity and economic empowerment for marginalised communities.

Net Worth and Assets

Bridgette’s estimated net worth is around R2.8 billion. Her wealth primarily stems from her successful mining company and her investments in other mining ventures. Her achievements in the mining industry have not only contributed to her financial success but also demonstrated her dedication to making a positive impact on the economy and society.

Irene Charnley

Irene Charnley was born in South Africa and grew up in a humble environment that instilled the values of hard work, resilience and determination. Recognising the importance of education, she pursued a degree in Social Sciences at the University of the Witwatersrand and later completed an Executive Management Programme at Harvard Business School.

Career in Telecommunications

Irene’s impressive career began as a trade union negotiator, where she honed her skills in strategy, negotiation and communication. She later transitioned to the telecommunications industry, joining the MTN Group, a leading mobile telecommunications company in Africa. As the Executive Director of the company, Irene played a pivotal role in MTN’s expansion across Africa and the Middle East, securing lucrative deals and forging strong partnerships.

In 2009, Irene founded Smile Communications, a telecommunications company focused on providing affordable broadband access to millions of people in Africa. Under her leadership, Smile Communications has made significant strides in expanding high-speed internet access in various African countries, fostering digital inclusion and economic growth.

Net Worth and Assets

Irene’s estimated net worth is around R2.8 billion. Her wealth mainly comes from her successful career in the telecommunications industry, including her roles at MTN Group and Smile Communications. Her achievements have also demonstrated her commitment to bridging the digital divide and creating opportunities for economic development in Africa.

» More info: on the richest South African men and their wealth!

Judy Dlamini

Born and raised in South Africa, Judy Dlamini grew up with a strong passion for learning and self-improvement. She earned her medical degree from the University of Natal, later earning an MBA from the University of the Witwatersrand and a doctorate in Business Leadership from the University of South Africa (UNISA).

Diversified Career in Medicine, Business and Education

Judy began her career as a medical doctor, but her entrepreneurial spirit and keen interest in business led her to explore other opportunities. She has held various leadership roles in both public and private organisations, spanning the healthcare, financial services and education sectors.

In 2005, she founded the Mbekani Group, a diversified investment holding company with interests in property, tourism and retail. Judy’s business acumen and leadership have contributed to the growth and success of her company as well as the organisations she has been involved with.

Additionally, Judy has dedicated herself to education and mentorship, serving as the Chancellor of the University of the Witwatersrand and actively participating in various mentorship programmes for young entrepreneurs.

Net Worth and Assets

Judy’s estimated net worth is around R2.2 billion. Her main source of wealth is her diversified investment portfolio, including her successful businesses and holdings in different industries. Apart from her financial success, Judy’s achievements showcase her dedication to empowering others through education, mentorship and leadership.

Elisabeth Bradley

Elisabeth Bradley was born in South Africa and raised in a family with a strong business background. She is the daughter of Albert Wessels, the founder of Toyota South Africa. She was educated in France and the United States, earning a bachelor’s degree in mathematics from the University of Cape Town and a master’s degree in business administration from Stanford University.

Leadership in the Manufacturing Industry

Elisabeth’s career began at her father’s company, Toyota South Africa, where she had various managerial positions, gaining valuable experience in the automotive industry. In 1980, she became a director of Wesco Investments, a diversified industrial holding company. Under her leadership, the company made strategic investments in the manufacturing and engineering sectors, contributing to the growth and success of its portfolio companies.

In addition to her work with Wesco Investments, Elisabeth has held leadership positions in various organisations, including serving as the Chairman of the Board of Directors for Barloworld Limited, a multinational industrial brand management company, and as a non-executive director of Standard Bank Group.

Net Worth and Assets

Elisabeth’s estimated net worth is around R1.8 billion, which is largely derived from her successful career in the manufacturing industry as well as her strategic investments and leadership roles in different organisations.

Magda Wierzycka

Magda Wierzycka was born in Poland and immigrated to South Africa with her family at a young age. Despite facing challenges as a newcomer, she displayed a strong work ethic and determination to succeed. Magda obtained her Bachelor of Science in Engineering from the University of Cape Town and later completed a Master of Science in Mathematics from the University of the Witwatersrand.

Career in Finance and Asset Management

Magda’s career in finance and asset management began when she joined the South African Reserve Bank. She later held various executive positions at prominent financial institutions, including serving as the CEO of the African Harvest Group.

In 2006, Magda co-founded Sygnia Asset Management, an innovative financial services company focused on providing affordable, transparent investment products and services. Under her leadership, Sygnia has grown to become one of the largest independent asset managers in South Africa, with assets under management exceeding R200 billion.

Net Worth and Assets

Magda’s estimated net worth is around R1.8 billion, earned via her career in finance and asset management, particularly her role as the co-founder and CEO of Sygnia Asset Management. Her exceptional work ethic and drive, as well as her commitment to providing accessible and transparent financial services to the people of South Africa, have garnered her great success.

Lessons from the Richest Women in South Africa

Factors Contributing to Their Success

The stories of South Africa’s wealthiest women reveal common factors that have contributed to their success. These include resilience, determination, adaptability and a commitment to learning and self-improvement. Their strong work ethic, entrepreneurial spirit and strategic thinking have allowed them to excel, creating significant wealth and making a lasting impact on the economy.

Challenges Faced and How They Overcame Them

Each of these women has faced unique challenges in their journey to success, such as breaking into male-dominated industries, overcoming personal and professional obstacles and navigating the complexities of the business world. They have demonstrated an ability to learn from their experiences, adapt to new circumstances and persevere through adversity. By embracing challenges as opportunities for growth and development, these women have risen to prominence and achieved extraordinary success.

Impact on Gender Equality and Women Empowerment

The accomplishments of South Africa’s richest women serve as an inspiration for aspiring female entrepreneurs and leaders, highlighting the potential for success in the face of adversity.

By sharing their stories and experiences, these women have become role models for the next generation. Their impact on gender equality and women empowerment extends beyond their personal success as they continue to contribute to the growth and development of South Africa and inspire future generations of female leaders.


The accomplishments of South Africa’s richest women underscore the importance of encouraging and supporting women in business and leadership roles. By providing equal opportunities, resources and mentorship, we can help foster a more inclusive and diverse business landscape that not only benefits women but also strengthens the economy and society as a whole. As these women continue to break down barriers and challenge societal norms, they pave the way for greater gender equality and empowerment of women in the business world, inspiring future generations to pursue their dreams and achieve their full potential.

Seamlessly secure your loan through Arcadia Finance. Zero application fees, with a choice of 10 dependable lenders, all adhering to South Africa’s National Credit Regulator criteria.


Why is it important to share the stories of South Africa’s richest women?

Sharing the stories of South Africa’s richest women is important because it highlights their accomplishments, demonstrates the potential for success in the face of adversity and provides inspiration for future generations of female entrepreneurs and leaders. Their achievements serve as a reminder of the power of resilience, determination, and hard work in overcoming challenges and achieving success.

How can we encourage more women to pursue business and leadership roles in South Africa?

Encouraging more women to pursue business and leadership roles in South Africa requires creating an environment that supports and empowers them through equal opportunities, access to resources and mentorship. By promoting a culture of inclusivity and diversity, we can help foster a more vibrant and innovative business landscape that benefits everyone.

What impact do the accomplishments of South Africa’s richest women have on gender equality?

The accomplishments of South Africa’s richest women have a significant impact on gender equality by challenging societal norms and breaking down barriers that have historically limited opportunities for women. Their success demonstrates that women are just as capable of achieving extraordinary feats in business and leadership, paving the way for greater gender equality and empowerment of women.

How can the lessons learned from South Africa’s wealthiest women be applied to other aspiring entrepreneurs and leaders, regardless of gender?

The lessons learned from South Africa’s wealthiest women, such as resilience, determination, adaptability and commitment to learning and self-improvement, can be applied to aspiring entrepreneurs and leaders of any gender. Embracing these qualities can help individuals overcome challenges, seize opportunities and achieve success in their own ventures.

What role do mentorship and networking play in the success of women in business and leadership roles?

Mentorship and networking play a crucial role in the success of women in business and leadership roles by providing guidance, support and access to valuable resources and connections. Mentors can offer insight and advice based on their own experiences, while networking can help women forge relationships that can lead to new opportunities and collaborations.

How much do you need?
*Representative example: Estimated repayments of a loan of R30,000 over 36 months at a maximum interest rate including fees of 27,5% APR would be R1,232.82 per month. Arcadia Finance is an online loan broker and not a lender. Our service is free, and we work with NCR licensed lenders in South Africa. Interest rates charged by lenders can start as low as 20% APR, including an initiation and service fee determined by the lender. The interest rate offered depends on the applicants' credit score and other factors at the lender's discretion.

Loan amount R100 - R250,000. Repayment terms can range from 3 - 72 months. Minimum APR is 5% and maximum APR is 60%.