Mzi Khumalo is a successful businessman and mining entrepreneur in South Africa. He is one of the individuals who were imprisoned for 20 years along with Nelson Mandela for treason. Currently, he serves as the Chief Whip of the African National Congress.
Godfrey is not a new name in the business and political arena. He has successfully built a corporate empire that entails offering financial services, mining, and infrastructure. He has served and continues to serve on different company boards.
Mzi Khumalo profile summary
- Full name: Mzi Godfrey Khumalo
- Date of birth: 4th November 1955
- Mzi Khumalo place of birth: KwaMashu, Durban, South Africa
- Mzi Khumalo age: 64 (as of 2020)
- Nationality: South African
- Ethnicity: Black
- Marital status: Married
- Spouse: Khosi Khumalo
- Profession: Businessman
- Net worth: $100,000
Godfrey was born on 4th November 1955 in KwaMashu, Durban, South Africa, where he was also raised. His parents are Bernard and Selina Khumalo, and he is one of Khumalo's ten children.
Mzi's father passed away before he was nine years old, and thus, he was brought up by a single mother. He bought and sold cans to get money while still a young boy. Later, he began making more money by buying and selling fuel.
In the 1970s, Godfrey became a member of the ANC where he served in its military wing. Mzi Khumalo ANC membership saw him get arrested and charged with treason in 1978. Mzi was sentenced to 20 years imprisonment on Robben Island.
After his release, he served as the Provincial Treasurer of the ANC in KwaZulu-Natal. Godfrey was also a member of the National Finance Committee. Mzi Khumalo chief whip of the ANC ensures that the party members are in line with the desires of the party.
Mzi Khumalo education details attended are not known to the public. However, he holds a Bachelor's Degree in Commerce from the University of South Africa.
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From 1994, he has served in different positions in different companies, both public and state-owned. He has worked as a board member in the following companies:
- Telecommunications company Telkom SA
- Mining company Angolan-American SA
- South African Government Financial Services Advisory Board
- Ridge Mining company
- Johannesburg Consolidated Investment Ltd
- Durban Point Waterfront Company
Later, he gained interest in finance and thus founded a financial-insurance business known as Capital Alliance Holdings. Mzi Khumalo director managed to sell assets worth $8 billion.
In 2012, he founded Metallon Corporation, which is currently the leading gold producer, developer, and explorer in South Africa. Even though the corporation is based in London, it has a 100% ownership of four gold mining companies in Zimbabwe.
Mzi Khumalo Zimbabwe Metallon Company is one of the largest employers in the country with more than 3,000 individuals. Metallon Company focuses on:
- High-grade mining operations
- Low cost
- Increasing gold production
He is the chairman of a Jersey-based company known as Gold and General. It owns the majority of shares in the Metallon Corporation. It is also the holder of Mzi's other pan-industry investments.
Godfrey is also a Non-Executive Chairman of TTC DRC. The company has invested hundreds of millions of dollars in Central Africa to help in building a modern high-speed, fibre internet network.
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Mzi Khumalo spouse and children
Mzi Godfrey is married to Khosi Khumalo, and the two have children together even though they have not publicly stated the actual number. Neither the name of Mzi Khumalo son nor Mzi Khumalo daughter is known to the public.
Mzi Khumalo wife is the co-founder of Mzi and Khosi Family foundation. The foundation is known for making great financial contributions to Kearsney College every year. Godfrey is also a Trustee of the World Wildlife Fund of South Africa.
The Mzi family manages and owns a private game reserve in South Africa. The reserve focuses on conserving and preserving the endangered wild animals and plants.
As one most successful businessman in the country, he has garnered a significant amount of money over the years. Mzi Khumalo net worth 2020 is roughly $100,000.
At some point, he was on the verge of losing one of his highly-priced assets which adds up to his net worth. The court issued an R17 million default judgment on Mzi Khumalo house located in Zimbali. However, the family vowed to fight for the judgment.
Mzi Khumalo has had it all in his life. From losing his father at a young age, doing odd jobs for money, and going to detention. All these experiences shaped him into becoming the man he is today.
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Source: Briefly News