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. 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. 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. Steel magnate Eric Samson, best known for building Macsteel into one of South Africa’s largest companies, has died aged 83. 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. 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. The buyout cemented Samson's way of making acquisitions, of which there were dozens more to come. In 1996, through a joint venture with ArcelorMittal SA, Samson formed Macsteel International, a global steel trading company based in Amsterdam. Before divesting the American operation, Macsteel was one of the largest privately owned companies in South Africa. 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. However, astute property investing along with your business efforts can pay off big time – as the story of South African billionaire Eric Samson attests. 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. 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 conflict between the federal government and the ruling party in the northern region of Tigray has the hallmarks of civil war, say analysts. He went on to build Macsteel into an industrial empire across three continents. The octogenarian billionaire - who shied away from the spotlight throughout his life - died in Newport, California. Use of this site constitutes acceptance of our Terms & Conditions and Privacy Policy. 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. Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January. Building now named the Sheila and Eric Samson Pavilion 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. Steel magnate Eric Samson, best known for building Macsteel into one of South Africa's largest companies, has died aged 83. 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Please read our Comment Policy before commenting. The firm also distributes carbon steel, general line and specialty products, as well as a range of stainless steel and aluminum flat rolled steel to customers in North America; and imports, processes, coa ts and distributes carbon steels and non ferrous metals. Steel magnate Eric Samson, best known for building Macsteel into one of South Africa's largest companies, has died.Read more on 'fin24' 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. I phoned Moderna and they have vaccines for us, LETTER: Ramaphosa has been sleeping on the job for years, Calling the (behavioural) shots over vaccines, Cyril Ramaphosa says the government will fund vaccines, even if it has to borrow money, Johann Rupert rejects accusation he jumped vaccine queue in Switzerland, New coronavirus variant 50% more contagious but not more deadly, say scientists, Cyril Ramaphosa sets implementation date for Political Party Funding Act, ANC meeting ‘is not about Magashule,’ says Ace Magashule, DA’s goal in 2021 is to grow support in contested areas, says John Steenhuisen, POLITICAL WEEK AHEAD: Jacob Zuma will not appear before Zondo commission, Residential property boom may run out of gas in 2021, Zambia shoots itself in the foot as hard-nosed Glencore cuts and runs, PODCAST | Economic news of the week: Interest rates, inflation and the US presidency, Reserve Bank keeps rates steady but MPC opinion still split 3-2, Treasury considers a tax hike to pay for biggest vaccination drive in SA’s history, Ninety One says SA’s debt on the cusp of being unsustainable, SA’s fuel refineries face uncertain future, Travel expenses: what to claim for and how it’s taxed, Kaspersky’s top three cybersecurity predictions for 2021. 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