South African billionaire behind Steyn City dies at 72

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JOHANNESBURG - South African Billionaire and Insurance giant Douw Steyn has passed away at the age of 72. 

Steyn, whose passing was announced today (Tuesday, 4 February) is behind the development of Steyn City in Fourways, Johannesburg as well as the owner of Telesure Group, with companies like Auto & General Insurance amongst others. 

He is the man who also accommodated former President Nelson Mandela right after his release from Robben Island.

UrbanTrend Group, honoured the legacy of  Steyn by penning this heartfelt tribute message:

Today, we pay tribute to a man whose vision and dedication transformed not only a landscape but the way people experience luxury living in South Africa. The passing of Douw Steyn is an immense loss, and our thoughts are with his wife, his children, and their loved ones.

As both residents and developer agents in the exquisite Steyn City, we have had the privilege of witnessing firsthand the extraordinary community he built. 

His dream was not just to create an estate but to redefine the standard of living—one where world-class security, natural beauty, and unparalleled luxury come together to offer something truly unique. UrbanTrend’s journey in luxury real estate has been shaped by this vision, and we are honoured to be part of the legacy he leaves behind.

Douw Steyn’s impact extends far beyond Steyn City, and his legacy will continue to inspire generations to come.

Rest in peace, Sir. 

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