How MPs go about securing their futures

THE latest report on declaration of financial interests by Members of Parliament shows that a number of public representatives are investing for their future in shares in finance companies.

- MAYIBONGWE MAGHINA

This as some MPs made declarations on several properties and some even receive income from rentals and benefits from royalties.

Rise Mzansi leader Songezo Zibi declared shares and financial interests in seven finance companies.

Zibi has at least 7 000 shares valued at R1.1 million with Absa, 3050 shares worth R410000 with Investec Bank, and 1300 shares valued at R377000 with Shoprite, among others.

ActionSA parliamentary leader Athol Trollip has a pension investment to the tune of R7 million.

“I invested my parliamentarian pension when I left Parliament with Glacier, and it is managed by FNB private wealth management,’ said Trollip.