ANC stalwart Derek Hanekom opens up about his money and beliefs about it
Every week The Money Show’s Bruce Whitfield interviews a famous person about her or his attitude to money (hopes and fears, successes and failures, etc.) as part of his weekly “Make Money Mondays, Personal Edition” feature.
This week Whitfield interviewed anti-apartheid activist Derek Hanekom (67), an ANC stalwart and former Minister of Tourism (2018 – 2019).

Other articles from this feature on famous people and their money beliefs:
-
Oscar Pistorius, Thales defence lawyer Barry Roux opens up about money
-
My most precious possession is a collection of letters from my grandmother – Nataniël
Hanekom also served as Minister of Science and Technology (2012 – 2014) and Minister of Agriculture and Land Affairs (1996 – 1999).
He has been a member of the ANC National Executive Committee since 1994.
Hanekom joined the struggle against apartheid as a 23-year-old in 1976.
He joined the ANC in 1980.
Both he and his wife were arrested in 1983 and, after three years in jail, the pair fled to Zimbabwe.
Hanekom returned to South Africa in 1990.
He recently made headlines after winning a defamation suit against former President Jacob Zuma for calling him a “known enemy agent”.
Read: ANC NEC's Derek Hanekom says decisive action needs to go beyond Ramaphosa letter
-
What is it that Hanekom believes about money?
-
Does it keep him up at night?
-
Does he spend like crazy or save compulsively?
-
How did his childhood experiences shape his views on money?
We were not a wealthy family. My father was a cashier at Groote Schuur hospital…
Derek Hanekom, ANC stalwart
I was assaulted [while being arrested the first time] … The policeman had to pay up… It allowed us to buy our first cow… We lived from hand to mouth… doing ANC underground simultaneously… We were hippie farmers! My hair was long, and my beard was long… Money didn’t come easily…
Derek Hanekom, ANC stalwart
I am retired from income-earning activities. I’m living on my pension… We are very fortunate… Flashy cars and clothes… those things never meant much to us… Ministers earn huge salaries. It annoys me when people complain… As soon as I became a Minister, we were well-off…
Derek Hanekom, ANC stalwart
Listen to the interview in the audio below (and scroll down for more quotes from it).
It was about doing the right things to bring apartheid to an end… We can’t allow someone… under whose watch State Capture took place… to trash it all… I want to put that chapter to an end…
Derek Hanekom, ANC stalwart
The letter [from President Ramaphosa] is just what we need right now… we’ve reached an all-time low… Exploiting Covid-19 is despicable… people in leadership positions are the perpetrators… We’ve got to win this war…
Derek Hanekom, ANC stalwart
I know so little about money!
Derek Hanekom, ANC stalwart
I don’t blame people for being cynical. The ANC has a credibility problem… We should be ashamed… We’re the governing party, and we have to take responsibility… People want action… If someone is implicated – even though it’s not ready for court - … there are actions that can precede lengthy court action.
Derek Hanekom, ANC stalwart
I did a course in artificial insemination… without the glove!
Derek Hanekom, ANC stalwart
My first investment, I bought it when I was 38, was a flat in Yeoville…
Derek Hanekom, ANC stalwart
More from Make Money Mondays

'There are wonderful advantages to growing up in a community like that'
Bruce Whitfield interviews Ralf Schmitt (Ndlovu Youth Choir) about his attitude to money (hopes, fears, successes, failures, etc.)
Read More
I tried to keep up with the Motsepe’s - Matthew Booth
Former Bafana Bafana defender Matthew Booth talks about his attitude to money (hopes and fears, successes, and failures, etc.).
Read More
I’m an unapologetic capitalist. I enjoy making money - Herman Mashaba, ActionSA
Bruce Whitfield interviews ActionSA leader Herman Mashaba about his attitude to money (hopes, fears, successes, failures, etc.).
Read More
'Statistics reveal difficult stories. I wish politicians could see what I see'
Former Statistician-General Dr Pali Lehohla on his attitude to money (hopes and fears, successes and failures, etc.).
Read More
I love economics. It’s part of me - Kevin Lings (Chief Economist, Stanlib)
Kevin Lings (Chief Economist, Stanlib) opens up about his attitude to money (hopes and fears, successes and failures, etc.).
Read More
'I grew up poor, but never realised it'
Bruce Whitfield interviews Ciko Thomas (Nedbank) about his attitude to money (hopes and fears, successes and failures, etc.).
Read More
'We lived in a big house with a pool. But my parents were anxious about money'
Bruce Whitfield interviews 702 presenter John Perlman about his attitude to money (hopes and fears, successes and failures, etc.).
Read More
Famed forensic scientist David Klatzow (Gavin Watson, Helderberg crash) on money
Bruce Whitfield interviews David Klatzow about his attitude to money (hopes and fears, successes and failures, etc.).
Read More
My job makes me feel worthy. I love it! – Wendy Knowler, consumer journalist
The Money Show’s Bruce Whitfield interviews Knowler about her attitude to money (hopes and fears, successes and failures, etc.).
Read More
I collect cars. I’m a big Aston Martin and Ferrari guy - Vusi Thembekwayo
Bruce Whitfield interviews Vusi Thembekwayo about his attitude to money (hopes and fears, successes and failures, etc.).
Read More