Sandile Donald Muziwenkosi Zungu was born at Umlazi Township, Durban on the 10th of February 1967. He completed his matric at Vukuzakhe High School in 1983 and completed his post-matric studies at Hilton College the following year.

In 1983, Zungu was honoured as one of the top 10 participants in the erstwhile Kwa-Zulu regional finals of the Old Mutual National Science Olympiad and in 1984 he was 81st in the national category of the Old Mutual National Science Olympiad


Zungu completed a BSc (Mechanical Engineering) degree at the University of Cape Town (UCT) in 1988 as well as a Masters in Business Administration (MBA) at the UCT Graduate School of Business in 1995. In 2000 he completed a Program for Global Leadership certificate at the Harvard Business School in Boston, USA.

Zungu has 6 years plant maintenance and projects management experience within engineering and production environments, having worked for Richards Bay Minerals (RBM), Engen Refinery, National Sorghum Breweries (NSB) and South African Breweries (SAB) during the period 1989 to 1994.

In 1998 he led SARHWU Investment Holdings to becoming The Business Map Dealmaker of The Year. In 2000, he represented South Africa at the 6th finals of the World Young Business Achievers, which were held in Florida, USA and won the much-coveted Outstanding Business Strategy award.

Zungu featured in the Financial Mail’s Little Black Book profiling South Africa’s 300 most influential blacks and recently graduated as a member of the World Economic Forum in his capacity as Young Global Leader. Zungu also serves on the BBBEE Presidential Advisory Council and is also Chairman of the UCT Graduate School of Business advisory board.

Zungu was an associate within the corporate finance division of African Merchant Bank (AMB) prior to establishing SARHWU Investment Holdings in 1997, a company that he led for three and half years, growing it from a zero asset base to more than R400 million in net asset value.

In August 2000 he assumed his duties at the then R6 billion New Africa Investments Limited (NAIL) as Executive Director responsible for strategy and empowerment.

He became intimately involved in developing and implementing plans by NAIL to distribute its interest in Metropolitan Life Limited (METLIFE). He left the employ of NAIL at the end of 2001 after its complete transformation to a R1 billion media company.

Zungu was also an independent non-executive chairman of Denel, which is South Africa’s state-owned arms manufacturer.

He currently serves as a Non-Executive Director of Grindrod Limited and Non-Executive Director of Novus Holdings, both listed on the JSE Securities Exchange. He is Executive Chairman of Zungu Investments Company (Proprietary) Limited (Zico), which is the holding company of his business interests.

Net Worth

Outside of his personal life, Zungu is one of the richest South African football club bosses. According to Sports Brief, he has an estimated net worth of $13 million (about R226 million). Other outlets, however, claim his net worth is estimated at R350 million.


The tycoon was married to businesswoman Zodwa Zungu for 25 years. She unfortunately passed away in 2016 after a long battle with cancer. Zodwa started and ran The Zunguness in Balgowan, in the KZN Midlands, which is a high-end place for weddings and business events.

Last year, Zungu remarried. The multi-millionaire and his wife Nozipho Magubane had their lavish wedding ceremony in the KwaZulu-Natal Midlands in June.

According to Sunday World, the glittering wedding was attended by A-list celebrities, politicians and businesspeople, including billionaire CAF boss Patrice Motsepe.

You may also like:

Pitso Mosimane is the 2nd highest Paid Footballer in South Africa. Check out his Salary, Net Worth, Wife and Children!

Ndabayithethwa Ndlondlo is one of the coolest players in Mzansi. Take a look at his Cars, Net Worth, Lifestyle and Pictures!

Eric Mathoho is one of the richest players at Kaizer Chiefs. Take a look at his stunning Cars, House and Children

Reeve Frosler is one of the highest paid players at Kaizer Chiefs. Take a look at his Salary, Wife, Net Worth, Qualifications and Lifestyle

Vincent Pule is one of the coolest players at Orlando Pirates. Check out his Wife, Cars, Net Worth and Son

Yusuf Maart is the 2nd highest paid midfielder at Kaizer Chiefs. Check out his salary at Amakhosi


Leave a Reply

Your email address will not be published. Required fields are marked *