Leopold Albu

The sons of Simon Albu (26 February 1830 - 26 February 1911) and Fanny Sternberg (d. 24 October 1912), Leopold and his brother George were German Jews who emigrated to South Africa in 1876. On arrival in Cape Town, George became an assistant at the haberdashery counter in Stuttafords. After some time in Cape Town, they moved to the diamond-fields of Kimberley, accumulated financial interests, and sold out to De Beers at a substantial profit, before settling on the Witwatersrand and becoming a naturalized Transvaal citizen in 1887. George Albu purchased the ailing Meyer and Charlton Mine, restructured it, and on 30 December 1895 he and his brother established General Mining and Finance Corporation.