Born in 1963, Moses Tembe is a renowned South African entrepreneur who has achieved immense success in the business world.
With an estimated net worth of $100 million, this 60-year-old investment expert has made significant strides by diversifying his interests and serving as a board member for various companies across multiple industries such as oil and gas and real estate.
Despite coming from humble beginnings, Tembe worked hard to acquire the necessary qualifications that paved the way for his success.
He started his entrepreneurial journey with a butchery business before expanding into other ventures that have shown remarkable growth and profitability.
Moses Tembe Career
Starting his career in the meat industry, Tembe quickly rose to success and became the owner of numerous butcher shops located mainly in Durban’s townships.
However, he didn’t stop there and continued to expand his business ventures beyond just butcheries. One viral video showed him swimming alongside a fully grown tiger, causing a stir among viewers due to their sheer panic.
In addition to being an accomplished entrepreneur, Tembe has also held positions on the boards of various prominent companies across diverse industries.
These include Durban Infrastructure Development Trust, eThekwini Community Foundation as Chairman, KZN Growth Coalition and Economic Council as Co-Chairman, Phumelela Gaming as Deputy Chairman, Mazibuye Investments as Director, Durban International Conference Centre as Director, Durban Chamber of Commerce and Industry as President, and Inyanga (KZN NAFCOC) as Secretary-General.
He has also served as Vice-Chairman for KZN Business Initiative.
Moses Tembe’s Net Worth
Moses Tembe, a savvy entrepreneur in the world of business, has successfully made his mark through various ventures.
With a finger in every industry, such as hospitality, infrastructure investment, gaming, oil and gas, fast foods and butchery, he has proven his expertise in diverse fields like shipping, property development and engineering.
His empire extends to manufacturing, tourism and marine industries as well as education. The astute businessman’s extensive portfolio translates into multiple streams of income which have yielded great returns for him.
In fact, financial analysis revealed that Moses Tembe Investments (Pty) Ltd – one of his prominent companies – generated an impressive annual revenue of $2.45 million.
This figure is continuously on the rise according to reports, cementing its position as a key contributor to Moses Tembe’s wealth.
Headquartered in Kwa-Zulu Natal with 17 employees spread across all locations, Moses Tembe Investments is a major driver of revenue for the mogul.
As of 2023, Moses Tembe’s net worth of $100 million – a result achieved after meticulous review and calculation of all his income sources.
Moses Tembe Businesses
Moses Tembe, a prominent figure in the business world, is the proud owner of Moses Tembe Investments (PTY) Ltd.
This thriving company rakes in an estimated annual revenue of $2.45 million (equivalent to R44 million). Alongside this successful venture, Tembe also holds positions on various boards across different sectors.
As deputy chair, he contributes his expertise to Phumelela Gaming, while also serving as director for Durban International Conference Centre and co-chairman for KZN Growth Coalition and Economic Council.
Notably, Tembe has held several prestigious posts throughout his career including Secretary-General of Inyanda (KZN NAFCOC), Director at Mazibuye Investments, President of the Durban Chamber of Commerce and Industry, Chairman of the eThekwini Community Foundation and member of the Board of Durban Infrastructure Development Trust.
He has been recognized for his contributions as former President of African Federated Chamber of Commerce (KZN) and former board director since 2008 for Durban Chamber of Commerce and Industry.