Patrice Motsepe, South African mining magnate and likely the richest man in the country has pledged to give half the money generated by his family assets to the Motsepe Foundation, a charity which improves the lives of the poor, disabled, women and youth. Motsepe’s fortune is estimated at $2.7 billion or R23.94 billion by Forbes.
Motsepe also becomes the first African to join the Giving Pledge, which challenges the world’s wealthiest to give 50 percent or more of their fortune to charity.
Nicely done chap.
Hope Zuma and his pals are taking notes hey.
“The Motsepe Foundation will focus on health, education and other developmental issue projects that will allow beneficiaries to be self-sustaining. The foundation commits to improving the living conditions and lifestyles, of the poor, unemployed and marginalised and collaborates with NGOs, churches, governments, community upliftment entities and other stakeholders.” [MoneyWeb]
Proudly South African moment hey.