Moses Tembe is a notable South African businessman, renowned for his substantial contributions to the economic of South Africa, particularly in KwaZulu-Natal.
With a background that spans over two decades in various industries, Tembe has established himself as a key figure in the business community.
His wealth, estimated to be $100 million, is attributed to a diverse portfolio that includes significant investments in real estate developments such as the Point Waterfront and Richards Bay Eco Junction, as well as entertainment ventures like the Suncoast Casino.
Additionally, Tembe owns a network of filling stations and fast-food outlets, further diversifying his income streams.
His influence extends beyond business, as he holds or has held prestigious positions in numerous top-notch companies and organizations, contributing to his reputation as a respected and successful entrepreneur.
Moses Tembe Bio
|Date of birth
|60 years old (as of 2023)
|Place of birth
|Northern KwaZulu-Natal, South Africa
|5’9″ (175 cm)
|158 lbs (72 kgs)
|University of South Australia (UNISA) and University of Cape Town
Moses Tembe Net Worth
Moses Tembe is reported to have a net worth of approximately $100 million.
This significant wealth is attributed to his extensive involvement in various businesses and investments across South Africa.
His portfolio includes real estate projects such as the Point Waterfront and Richards Bay Eco Junction, as well as the Suncoast Casino.
Tembe owns a series of filling stations and fast-food outlets, further bolstering his financial standing.
Moses Tembe Businesses and How He Makes His Money
1. Moses Tembe Investments (PTY) Ltd
Moses Tembe Investments (PTY) Ltd is a key component of Tembe’s wealth, with an estimated annual revenue of $2.45 million.
This entity likely encompasses a range of investments across various sectors, providing a diversified income stream.
The company’s revenue is generated through returns on investments, which may include equity stakes in businesses, property investments, and other financial instruments.
2. Point Waterfront Development
The Point Waterfront Development is a major urban renewal project in Durban, aimed at revitalizing the city’s waterfront area.
Tembe’s involvement in this project likely includes property development and real estate investment, which generate income through sales, leasing, and appreciation of property values.
This development enhances the urban landscape, attracts tourism, and stimulates economic activity, creating multiple revenue streams from commercial and residential spaces within the waterfront area.
3. Richards Bay Eco Junction
The Richards Bay Eco Junction is an infrastructure and development project focusing on sustainable and eco-friendly practices.
As a part of this initiative, Tembe’s income would be derived from investments in green technologies, industrial and commercial developments, and possibly renewable energy sources.
These ventures earn money through the sale of eco-friendly products and services, leasing of developed spaces, and possibly government incentives for sustainable development projects.
4. Suncoast Casino
Suncoast Casino is a popular entertainment destination in Durban, offering a wide range of gaming, dining, and leisure activities.
Tembe’s investment in the casino likely yields profits from gaming operations, hospitality services, and entertainment events.
Casinos generate significant revenue through gaming activities such as slot machines and table games, alongside income from restaurants, bars, and event hosting within the premises.
5. Filling Stations and Fast-Food Outlets
Tembe has established a network of filling stations and fast-food outlets across South Africa.
These businesses generate income through the retail sale of fuel, automotive products, and fast food.
Filling stations profit from the high demand for fuel and convenience products, while fast-food outlets cater to the growing demand for quick and accessible meals.