Robert Basil Hersov, born on October 9, 1960, in Johannesburg, South Africa, represents the third generation of a prominent South African business dynasty with deep roots in the country’s mining industry.
As the son of mining magnate Basil Hersov and grandson of Anglovaal founder Bob Hersov, Rob inherited not only wealth but also significant business connections that would shape his future endeavors. His transformation from a relatively private global entrepreneur to an outspoken figure in South African business and politics marks a significant shift in his public persona.
Key Takeaways
- Rob Hersov is a third-generation businessman from a prominent South African family.
- His family’s influence in South African business spans multiple generations.
- Anglovaal, founded by his grandfather, is one of Southern Africa’s largest mining and industrial conglomerates.
- Hersov’s journey includes a transition from a private entrepreneur to a public figure.
- Understanding Hersov’s background is crucial for analyzing his current business ventures and political statements.
Early Life and Family Background
Born into a family with a rich history in mining and industry, Rob Hersov’s early life was marked by privilege and responsibility. His family’s legacy in South Africa’s industrial landscape played a significant role in shaping his future.
The Hersov Family Legacy
The Hersov family legacy begins with Rob’s grandfather, Bob Hersov, who co-founded Anglovaal, one of Southern Africa’s largest mining and industrial companies. His father, Basil Hersov, continued this tradition, serving as CEO and chairman of Anglovaal from the late 1960s.
| Family Member | Role in Anglovaal | Years Active |
|---|---|---|
| Bob Hersov | Founder | N/A |
| Basil Hersov | CEO and Chairman | Late 1960s – 2001 |
Education and Military Service
Rob Hersov’s educational journey included attendance at Michaelhouse College, followed by a B.Bus.Sci degree from the University of Cape Town in 1982, and an MBA from Harvard Business School in 1989. He also completed military service in the South African Defence Force from 1983 to 1984.
The family’s business interests evolved over the years, with the sale of AngloVaal in the 1990s marking a significant transition. This background provided Rob Hersov with financial advantages and access to powerful networks that shaped his career.
Professional Career and Global Business Ventures
Rob Hersov’s journey in the business world began with prestigious financial institutions and evolved into various entrepreneurial endeavors. His career is a testament to his adaptability and expertise in navigating different business sectors.
Early Career at Goldman Sachs and Morgan Stanley
Hersov started his career at Goldman Sachs in New York, a hub for international finance. He then advanced to head the European media investment banking team at Morgan Stanley in London, establishing his credentials in the industry.
Working with Rupert Murdoch at News Corporation
From 1989 to 1991, Hersov worked directly under media magnate Rupert Murdoch as business development manager at News Corporation in New York. This experience significantly influenced his approach to media ventures and understanding of global media operations.
| Company | Position | Years |
|---|---|---|
| Goldman Sachs | Investment Banker | Early Career |
| Morgan Stanley | Head of European Media Investment Banking | Pre-1989 |
| News Corporation | Business Development Manager | 1989-1991 |
Entrepreneurial Endeavors and Investments
In 1999, Hersov pivoted to entrepreneurship, co-founding Antfactory and helping establish Peoplenews.com. He serves as chairman and CEO of Invest Africa, chairman and partner of African Capital Investments, and chairman of the VistaJet advisory board.
Hersov’s diverse business empire spans multiple countries and industries, showcasing his versatility as an entrepreneur and investor.
Return to South Africa and Business Investments
After nearly three decades abroad, Rob Hersov made a notable comeback to South Africa, marking a new chapter in his business career. His return was characterized by significant investments in the country, particularly in infrastructure.
Acquisition of Cape Winelands Airport
In 2021, Hersov acquired Fisantekraal Airport, west of Durbanville, and rebranded it as “Cape Winelands Airport.” His vision is to transform it into a vibrant airport and secondary hub for Cape Town, potentially boosting tourism and business travel in the Western Cape region.
Current Business Positions and Ventures
Hersov has established or maintained various business positions, including roles with Invest Africa and African Capital Investments. These ventures have created a network of links to both local and international markets, leveraging his international experience and connections to identify opportunities in the South African market.
Critics argue that Hersov’s ability to make substantial investments likely stems from family wealth rather than his own entrepreneurial successes. Nonetheless, his business strategy appears to focus on developing South African infrastructure and capitalizing on emerging opportunities.
Who is Rob Hersov? The biography of the influential businessman
In a remarkable shift, Rob Hersov has emerged from the shadows of global entrepreneurship to become a prominent voice in South African politics. His rise to prominence was catalyzed by a bold speech at a BizNews Conference, where he speculated that Nelson Mandela would support the Democratic Alliance today.
From Global Entrepreneur to Political Activist
Rob Hersov’s transformation represents one of the most significant pivots in South African business circles. His emergence as a political voice was marked by a controversial speech challenging the African National Congress (ANC).
- Critiqued the ANC as “inept and corrupt”
- Speculated that Nelson Mandela would support the Democratic Alliance
- Emerging as a “budding media mogul” with potential influence on political discourse
Family Connections and Influential Networks
Hersov’s family connections extend beyond mere wealth accumulation, creating a complex web of influential networks. The Menell family, co-owners of Anglovaal for almost 70 years, is a notable example.
The connection between the Hersov-Menell business dynasty and current ANC president Cyril Ramaphosa illustrates the intricate relationships between wealth, business, and political power in South Africa.
Wealth Origins and Business Philosophy
Critics have drawn parallels between Hersov and Elon Musk, labeling Hersov an “apartheid nepo(tism) baby.” This criticism suggests that his opportunities and wealth stem primarily from family privilege rather than independent business acumen.
Hersov’s vocal criticism of the ANC has positioned him as a controversial figure in South African politics, with some viewing him as a necessary voice for change.
Political Views and Public Statements
Through his media endeavors and public statements, Rob Hersov is reshaping the political narrative in South Africa, focusing on conservative and capitalist principles. His initiatives aim to challenge the prevailing discourse dominated by the African National Congress (ANC).
Criticism of the ANC
Rob Hersov has been vocal in his criticism of the ANC, characterizing the party as corrupt and incompetent. He questions the ANC’s economic policies and governance approach since taking power.
Hersov’s criticism is not limited to the ANC’s policies but also extends to its governance structure. He advocates for a more transparent and meritocratic system.
Views on South Africa’s Economic Policies
Hersov has emerged as a fierce critic of Black Economic Empowerment (BEE) policies, arguing that they undermine economic vitality and exacerbate inequalities. Instead, he advocates for meritocracy and efficiency in both private and public sectors.
His public statements frequently draw parallels between South Africa’s economic challenges and those of other nations, particularly the United States, to emphasize the urgency of his proposed economic reforms.
Vision for South Africa’s Political Future
Hersov envisions a future where the Democratic Alliance (DA) leads a coalition government robust enough to displace the ANC by 2029. He believes achieving significant governance successes in critical regions like Gauteng is crucial.
Through his “Truth Report” platform, Hersov aims to unite conservative, libertarian, and capitalist voices, fostering a more diversified media landscape and challenging the perceived left-leaning media dominance.
Critics point to the apparent contradiction in Hersov’s positioning, noting his family’s prosperity under apartheid while he advocates for democratic values and economic freedom. This paradox raises questions about the complex interplay between wealth, political influence, and the future direction of South African politics.
Conclusion
The story of Rob Hersov, a beneficiary of apartheid and now a critic of the African National Congress, is a complex narrative that warrants closer examination. As a prominent figure in South African business and politics, Hersov’s influence is multifaceted. His journey from a privileged heir to a mining fortune to an outspoken political activist illustrates the intricate dynamics between wealth, family connections, and political power in post-apartheid South Africa. Hersov’s media ventures and political statements underscore the growing impact of affluent individuals on the country’s political discourse, particularly with elections approaching. While his vision for a Democratic Alliance-led South Africa represents one perspective, it is crucial to consider the broader implications of his narrative on the nation’s political and economic direction. For those interested in understanding South Africa’s political landscape and economic challenges, Hersov’s case provides valuable insights into the ongoing influence of historical privilege on present-day power dynamics.
As the country navigates its complex political landscape, figures like Rob Hersov will continue to play a significant role in shaping South Africa’s future. Their stories serve as essential reading for anyone seeking to comprehend the nuances of South African politics and the interplay between business and government. Rob Hersov is a South African businessman with a diverse background in finance and entrepreneurship. He has worked with prominent companies like Goldman Sachs and News Corporation. Hersov has been involved in various business ventures, including the acquisition of Cape Winelands Airport. He has also held positions in companies like News Corporation, where he worked closely with Rupert Murdoch. Hersov has been critical of the African National Congress, expressing concerns about the party’s economic policies and their impact on South Africa’s economy. The Hersov family has a significant legacy in South Africa, with a history of entrepreneurship and business leadership. Rob Hersov’s family connections have likely played a role in shaping his business ventures and networks. Hersov has expressed his views on the need for reform in South Africa’s economic policies and has advocated for a more inclusive and transparent political system. Hersov’s experience working with international companies like Goldman Sachs and News Corporation has likely shaped his views on economic policy and the need for reform in South Africa.FAQ
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