Two of the companies are still active while the remaining one is now listed as inactive. Eric Samson is probably South Africa’s richest resident, though you don’t hear much of him. In 1996, through a joint venture with ArcelorMittal SA, Samson formed Macsteel International, a global steel trading company based in Amsterdam. The octogenarian billionaire – who shied away from the highlight all through his life – died in Newport, California. Despite listening devices recording every sound he made, officials failed to get a measure of the man, In a society full of strife, Nelson Mandela's lawyer understood the value of peace, The author and political activist published four books and received top accolades for his work, OBITUARY: Eric Samson — the mogul who made the Nelson Mandela Children’s hospital a reality, Samson, who died at his home in Newport, California on Tuesday, has continued to donate R1m to the hospital every July on Mandela’s birthday, Former president Nelson Mandela. The company was founded by Eric Samson and is headquartered in Amsterdam, the Netherlands. Email helpdesk@businesslive.co.za or call 0860 52 52 00. Enterpreneurship is one of the main routes to becoming rich. Macsteel Service Centers Usa, Inc. is an Arizona Business filed on January 1, 2004. • Saks is an associate director of the SA Jewish Board of Deputies. Macsteel Global BV operates as a holding company with interest in processing carbon flat rolled and steel products. By 1974, he was sole owner of the company, having by then bought out his partners. The octogenarian billionaire – who shied away from the spotlight throughout his life – died in Newport, California. 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Together with his wife, Sheila, Samson set up the Eric and Sheila Samson Foundation, which has since seen the family recognised as absolute leaders in the field of philanthropy, supporting anything from hospitals to schools to all communal causes and beyond in SA, the US and Israel. Samson is survived by his wife Sheila, three children, Dorothy, Franki and Jeffrey, 10 grandchildren and two great-grandchildren. The companies were formed over a ten year period with the most recent being incorporated eighteen years ago in June of 2002. 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The buyout cemented Samson's way of making acquisitions, of which there were dozens more to come. Samson, who made his fortune in steel and real estate assets through his Macsteel holding company, was in 2015 valued at $1.1 billion, according to the Bloomberg Billionaire Index. Samson, who made his fortune in steel and real estate assets through his Macsteel holding company, was in 2015 valued at $1.1 billion, according to the Bloomberg Billionaire Index. Applications are CLOSED for 2019 & 2020 A little bit about The Eric and Sheila Samson Foundation “To give away money is an easy matter and in any man’s power. Steel magnate Eric Samson, best known for building Macsteel into one of South Africa’s largest companies, has died aged 83. In recognition of his status as a leading philanthropist in the Jewish world, he was presented with the title of Honorary Life World Campaign chair of Keren Hayesod. PETER BRUCE: Hello, useless ANC. The SA Jewish Board of Deputies described Samson as “a visionary leader and nation builder and a man of unsurpassed generosity, one whose multifaceted legacy will benefit our country long into the future”... A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily. Jeff joined the Macsteel Group of companies in 1984 and served in executive capacities continuously beginning in March 1990. Simply sign in below. Questions or problems? In recognition of the significant donation, the campus’s centerpiece 485,000-square-foot facility will be named the […] In his tribute to Samson, Macsteel Global chair Mick Davis said that he had always focused on creating value for all of Macsteel’s stakeholders. Steel tycoon and philanthropist Eric Samson, best known for building up Macsteel — one of SA’s largest private companies — has died. Steel magnate Eric Samson, best known for building Macsteel into one of South Africa's largest companies, has died. Johann Rupert rejects accusation he jumped ... Cyril Ramaphosa says the government will fund ... New coronavirus variant 50% more contagious but ... WATCH: Vaccines, damned lies and statistics. Would you like to comment on this article or view other readers' comments? Tributes from around the world have flowed in for the late SA steel mogul and renowned philanthropist Eric Samson, who died at his home in Newport, California on Tuesday at the age of 83 after a long illness. Redeem it now. Read more at the SA government's online coronavirus portal or use the 24-hour public hotline: 0800 029 999. Metal magnate Eric Samson, greatest identified for constructing Macsteel into certainly one of South Africa’s largest corporations, has died aged 83. The renowned philanthropist,and steel mogul who founded MacSteel recently passed away at home in California after a long illness. Steel magnate Eric Samson, best known for building Macsteel into one of South Africa's largest companies, has died aged 83. Steel magnate Eric Samson, best known for building Macsteel into one of South Africa's largest companies, has died. Eric Samson, S. African Jewish giant and philanthropist, dies in Newport Samson's fortune was valued at $1.1 billion. Nine years after the Machanick deal, Samson went on to buy out the family and created Macsteel. Got a subscription voucher? Already subscribed? The Samsons made previous gifts to Cleveland Clinic to establish the Samson Global Leadership Academy, to the Sydell and Arnold Miller Family Heart & Vascular Institute and to the Lou Ruvo Center for Brain Health in Las Vegas. Johann Rupert rejects accusation he jumped ... Cyril Ramaphosa says the government will fund ... New coronavirus variant 50% more contagious but ... WATCH: Vaccines, damned lies and statistics. 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However, astute property investing along with your business efforts can pay off big time – as the story of South African billionaire Eric Samson attests. In a statement following his death, the SA Jewish Board of Deputies described him as “a visionary leader and nation builder and a man of unsurpassed generosity” while Chief Rabbi Dr Warren Goldstein referred to him in his tribute as one of the greatest philanthropists ever produced by the SA Jewish community. Learn more about Eric Samson, Co-Chairman, Macsteel Service Centers Usa, Inc. including contact information, career history, news and intelligence. He became MD of the company after it merger with competitor S Machanick and Co in 1965 and went on to found Machanick Steel and Fencing — today, MacSteel. EDITORIAL: Will vaccines funding be any different given our leaders’ atrocious budget choices? Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January. Following the 1976 Soweto Uprising, MacSteel opened its first trading offices in Houston and London. Abilio Soeiro ABSA Samson, who was credited with building up private company Macsteel, died at age 83 in California, MARKET WRAP: JSE and rand fall as global market rally stumbles, JSE lifted by Naspers and gold miners as China’s Covid-19 numbers surge, WATCH: Stock picks — AngloGold Ashanti and Naspers. Eric Samson Overview Eric Samson has been associated with three companies, according to public records. © 2021 Arena Holdings. The deal was done with the help of the banks and left him owning 100% of the company. Picture: REUTERS, MARKET WRAP: JSE and rand fall as global market rally stumbles, JSE lifted by Naspers and gold miners as China’s Covid-19 numbers surge, WATCH: Stock picks — AngloGold Ashanti and Naspers. Read more at the SA government's online coronavirus portal or use the 24-hour public hotline: 0800 029 999. The conflict between the federal government and the ruling party in the northern region of Tigray has the hallmarks of civil war, say analysts. The firm provides services through its subsidiaries. EDITORIAL: Will vaccines funding be any different given our leaders’ atrocious budget choices? Macsteel Holdings Pty Ltd. operates as a holding company with interests in processes, markets, distributes carbon and stainless steels. Macsteel Service Centers Usa, Inc. is a Texas Corporation filed on January 1, 2004. Despite the exalted circles in which he moved and the multiple honours bestowed on him, Samson generally eschewed the limelight and seldom granted interviews. Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January. He gained full control of the combined company shortly afterwards. Steel tycoon and philanthropist Eric Samson, best known for building up Macsteel — one of SA’s largest private companies — has died. Alexei Navalny will fight on, even from prison, Italy’s government in crisis after Matteo Renzi’s party quits, US Senate approves Joe Biden nominee to lead the Pentagon, House to deliver Trump impeachment charge on Monday, Fifa takes steps to block European ‘super league’ with player ban, KEVIN MCCALLUM: Athletes can now visit the White House again after the clown has left, Dane van Niekerk admits being ‘tough’ on teammate and partner Marizanne Kapp, Wanted Online: Revenge buying, record prices, e-commerce: Jewellery trends that dazzled in 2020, Mbalula extends driver’s licence grace period to August 2021, When it comes to honey, local truly is lekker. Steel magnate Eric Samson, best known for building Macsteel into one of South Africa's largest companies, has died.Read more on 'fin24' Eric Samson / Macsteel Kellogg Foundation Islamic relief Worldwide National Skills Fund DG Murray Trust Sasol USAID / ASHA Oppenheimer Family Trust Anglo American GE Foundation Mr and Mrs Noortman Tiger Brands Safika Holdings Pembani Holdings Sifiso Nxasana Paediatric Trust / Aspen AngloGold Ashanti. Before divesting the American operation, Macsteel was one of the largest privately owned companies in South Africa. In 2006, about a quarter of the business, Macsteel Service Centres SA, was sold to a consortium of black shareholders, in line with BEE principles, one of the buyers including a company controlled by then Deputy President Cyril Ramaphosa. Register (it’s quick and free) or sign in now. The company's filing status is listed as Appointed 10/27/2011 and its File Number is F11070380. By STEVE LINDE . Samson first met with Nelson Mandela in 1992, when Mandela was seeking donors to fund the purchase of houses needed for returning ANC exiles. This was true not just for the SA Jewish community, of which he was a devoted member, but for the people of SA as a whole and for the state of Israel. In a rare interview given to the Financial Mail in 2006, Samson himself said that selling shares to the public had never been an option and that the company had always looked to plough back its profits and funded its own expansion. Over time, the relationship deepened into an enduring friendship, with numerous other joint philanthropic projects being implemented. SAJBD national chair Shaun Zagnoev said that innumerable organisations and individuals had benefited from Samson’s unstinting support over the decades. ... Macsteel Service Centres SA, in 2006. Please read our Comment Policy before commenting. PETER BRUCE: Hello, useless ANC. In 2014, when the envisaged Nelson Mandela Children’s Hospital project in Johannesburg was in serious difficulty due to lack of funds, he put in R100m to ensure that it remained on course and eventually become a reality three years later. Use of this site constitutes acceptance of our Terms & Conditions and Privacy Policy. The octogenarian billionaire - who shied away from the spotlight throughout his life - died in Newport, California. In this tribute, Macsteel Global chairperson Mick Davis reflects on the life and contribution of Eric Samson, who he describes as softly spoken, compassionate and generous. Cleveland Clinic and Case Western Reserve University have been given a very generous gift from Sheila and Eric Samson for the Health Education Campus (HEC), scheduled to open in summer 2019. In recognition of the significant donation, the campus’ centerpiece 485,000-square-foot facility will be named the Sheila and Eric Samson Pavilion. In his tribute to Samson, Macsteel Global chair Mick Davis said that he had always focused on creating value for all of Macsteel’s stakeholders. He went on to build Macsteel into an industrial empire across three continents. With a proud history spanning 116 years, Macsteel Service Centres SA has developed and expanded to be AFRICA’S LEADING MANUFACTURER, MERCHANDISER AND DISTRIBUTOR OF STEEL AND VALUE ADDED STEEL PRODUCTS.. All rights reserved. He had a career … Steel magnate Eric Samson, best known for building Macsteel into one of South Africa's largest companies, has died aged 83. In addition to his business successes, Samson was also famed for his extraordinary record in philanthropic field. In a business career spanning six decades Samson, primarily through steel and real-estate assets, was responsible for building his company, MacSteel, into one of the largest privately owned companies in SA and an international trading and shipping business operating in over 35 countries across three continents. Among other positions held, Samson served on the board of the Nelson Mandela Children’s Fund for two decades, and every July donated R1m to it in honour of Mandela’s birthday. Born in Cape Town in 1938, Samson was educated at Parktown Boys in Johannesburg before joining his father’s fencing and wiring business, Pan Africa Staalhandel in 1958. , career history, news and intelligence Samson Overview Eric Samson, Co-Chairman, was. You don ’ t hear much of him for building Macsteel into one of the SA government 's online portal... ’ s quick and free ) or sign in now passed away at home in California after long. 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