5 Family Owned Businesses In SA
Running a business with one’s family members could prove to be a hassle. In such cases, personal issues or battles are likely to ensue at any given chance, where business differences are concerned. However, there are family owned businesses that are thriving, despite small or big personal disputes that could potentially get in the way of the business operations.
Some family owned businesses consists of a myriad of generations. Gone are the days when the originators of such businesses would be elderly figures; the emerging business landscape in South Africa has seen an interesting entrance of younger founders of family businesses.
Below are a few family owned businesses in South Africa.
1.Burnt Onion Productions – The Ramaphakelas:
Some of the most brilliant and capturing shows on South African television have been skilfully brewed from this multi award winning production company called, Burnt Onion. The company was established in the year 2008 and has been headed by siblings, Katleho, Tshepo and Rethabile Ramaphakela.
2.Lapeng La Ranaka – The Ranakas:
Mama Siba’s epic cooking skills have resulted in a food business called, Lapeng La Ranaka. However, the Ranaka matriarch isn’t the only one rowing in the ship; the rest of the family members are also heavily involved in the family owned business, which was initiated to alleviate unemployment in the family.
3. Steyn City & More! – The Steyns:
The name Douw Steyn carries a lot of weight in the world of various sectors in business. Some of the companies that the Steyns own include, the luxurious Saxon hotel, Palazzo in Fourways, Auto & General, 1st for Women Insurance, Dialdirect Insurance, Budget Insurance, 1Life and others. In their quest to support the cause of COVID -19, the Steyn family pledged R320 million to nearby areas around Steyn City in Fourways, including Diepsloot and through non-governmental organisations and non-profit organisations.
4. Kaizer Chiefs Football Club – The Motaungs:
Iconic football club, Kaizer Chiefs is run by its family members, which include Bobby, Jessica and Kemiso Motaung. The mentioned trio hold various positions in the family business and although personal issues have publicly surfaced in the past, they have risen above it all!
5. Pick ‘n Pay and Ackermans – The Ackermans:
Giant retail stores such Ackermans and Pick ‘n Pay are owned by businessman, Raymond Ackerman and his family. During his 79th birthday in the year 2010, Raymond handed the reigns over to his eldest son, Gareth Ackerman, who is continuing with the great job!
