The rainmaker: Is Michael Jordaan SA’s Steve Jobs?
A successful banker turned venture capitalist, Michael Jordaan is the new breed of SA entrepreneur. Two of his ventures, Bank Zero and Rain, attest to this vision: investing in disruptive, tech-enabled businesses that, if all goes according to plan, will also be a boost for society and will create employment
It is quite common for CEOs to have a second career as a nonexecutive director, swanning around boardrooms and enjoying the wining and dining that goes with it. But that wouldn’t have kept Michael Jordaan happy. When he left FNB after 10 years he was still only 46, but for six years he had been commuting to his apartment in Melrose Arch while his wife and three daughters were living in Stellenbosch.
"Some people would say I am semi-retired but we really need to find a new word for that. I had no work-life balance at FNB and that can only last so long," he tells the FM.