The South African business landscape is in mourning following the announcement of the death of Douw Steyn, the renowned businessman and visionary insurance magnate, who passed away at the age of 72.
Steyn leaves behind a remarkable legacy that has profoundly shaped both the insurance industry and the communities he tirelessly worked to improve.
He was known for his groundbreaking contributions to the sector, most notably the introduction of telemarketing and the revolutionary concept of paperless insurance.
These innovations transformed how policies are marketed and managed, not only in South Africa but around the globe.
Among his many achievements, Steyn proudly created the luxury estate, Steyn City, where he resided for over a decade.
This prestigious development has become a shining example of elegance and innovation, serving as a blueprint for future residential and community projects across South Africa.
In an official statement, Steyn’s passing was confirmed, expressing heartfelt condolences to his family, including his wife Carolyn and their children, TJ, Louis and Tanya.
“It is with profound sadness that we announce the passing of the visionary behind Steyn City, Douw Steyn. Our thoughts are with his wife, Carolyn; his children, TJ, Louis, and Tanya; and their families. Douw will always be remembered as an exceptional entrepreneur who built a global business of immense scale across seven countries and a visionary with a deep-seated commitment to South Africa and its people. As a resident of Steyn City for over a decade, Douw was extremely proud of its evolution and made sure that its impact extended far beyond its gates. He leaves behind a legacy of unparalleled excellence, a legacy that will endure thanks to Douw’s two sons, TJ and Louis, and their fellow board members and shareholders who remain deeply committed to the future of our development. Douw’s family has asked that their privacy be respected during this difficult time.”
The Democratic Alliance (DA) has also extended its sincerest condolences to his family, highlighting that his remarkable achievements and legacy will leave a lasting impact on South Africa and the world.
“Douw Steyn's entrepreneurial spirit, marked by his successful ventures such as the BGL Group and Steyn City, was truly extraordinary. He not only built a business empire across multiple countries, but he also showed a great commitment to South Africa, both in business and in his personal life. His generous contributions to the nation, particularly during the Covid-19 pandemic, are a testament to his desire to give back and to make a positive difference. Beyond his business accomplishments, Douw Steyn’s dedication to his family and his country will be remembered with great respect.’’
The DA extended its heartfelt condolences, underscoring the tremendous impact of Steyn’s achievements on both South Africa and the globe.
“Douw Steyn's entrepreneurial spirit, marked by his successful ventures such as the BGL Group and Steyn City, was truly extraordinary. He not only built a business empire across multiple countries, but he also showed a great commitment to South Africa, both in business and in his personal life,” the DA stated.
“His generous contributions to the nation, particularly during the Covid-19 pandemic, are a testament to his desire to give back and to make a positive difference.”
Saturday Star