It is being constructed on one of the world’s most expensive pieces of land.
Nestled under Lion’s Head, the world’s most hiked mountain, President Cyril Ramaphosa is quietly building a massive private home on two plots of prime land that he bought for R30 million in 2010 — even though he now has an official residence in Cape Town.
It is nowhere near the size of former President Jacob Zuma’s Nkandla homestead, but it has one of the best views in Cape Town: a 180-degree panorama of the Atlantic Ocean, including Robben Island. On a clear day, Ramaphosa may just be able to see the very cell where Nelson Mandela was jailed for 18 years.
Ramaphosa is one of South Africa’s richest men, with a fortune estimated at $450 million by Forbes in 2015. The building is owned by Ramaphosa’s family trust Tshivhase.
The two lots are a combined 1,423 square meters.
Ramaphosa snapped up one of the last undeveloped tracts of land on Head Road, one the richest streets in the city.