FORBES UPDATE: Top Most 10 Richest Black South African and their net worth in 2018

5. Phuthuma Nhleko

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Phuthuma merits appearance on this list for having transformed MTN’s great mission to strengthen the objectives of black economic empowerment. Phuthuma is a notable black South African who graduated from US-based Ohio State University with a B Sc degree in Civil Engineering. He has served in various giant companies but his most reputable position was working as MTN’s CEO. At the moment, Phuthuma Nhleko holds high positions in a number of companies but the most notable of this is his role as a co-founder and chairman of Worldwide African Invest.

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