Patrice Motsepe is a man who quite literally struck gold.
In 1997, when the gold market was close to its lowest in the last three decades, he started buying gold mines at favorable prices and later founded the first South African black-owned mining company, African Rainbow Minerals.
Crucial to his fortunes were also the black economic empowerment (BEE) policies that the country implemented upon its transition to a democracy from apartheid — the BEE laws required businesses to have a minimum 26% black ownership before a mining license would be granted — yet some criticism lingers on whether the benefits have been distributed fairly.
Nevertheless, Motsepe is now a mining magnate, with a net worth of $2.2 billion, with investments and managerial positions that stretch across several companies.
To give back to his fellow South Africans, he created theMotsepe Foundation, who uses his wealth to educate, support and help people in need, with the ultimate goal of rendering them self-sustaining and independent.
A lawyer by education, he was named South Africa’s Best Entrepreneur in 2002.
Here are seven key facts about his life:
1.) His name, Patrice, is a homage to Patrice Lumumba, the first elected Prime Minister of the Democratic Republic of Congo — Lumumba played a crucial role in the country’s path to independence from Belgium, and was executed in 1961 following a coup that deposed his government.
2.) In 2013, Motsepe donated half his wealth to charity, a move inspired by the actions of Bill Gates and Warren Buffet, who have long been encouraging billionaires to distribute their wealth. The money is managed by the Motsepe Foundation, and used to improve the lifestyles and living conditions of the poor, the disabled, unemployed, women, youth, workers and marginalized South Africans.
3.) He is the owner of Mamelodi Sundowns, a Pretoria-based football team that’s nicknamed The Brazilians, in reference to the yellow and blue uniforms that echo those of Brazil’s national team.
4.) Motsepe is currently the 847th richest person in the world according to Forbes magazine, with a net worth of $2.2 billion. He is one of seven South Africans in the list, and the only black man. His highest seeding in the same list dates back to 2008, when he reached number 503.
5.) He abides to the South African philosophy of Ubuntu, meaning “I am because you are,” which expresses an idea of connectedness: “It has always been part of our culture and tradition to assist and care for less fortunate and marginalized members of our communities. This culture is also embodied in the spirit and tradition of Ubuntu,” he said.
6.) He started working at an early age, during school holidays, in his father’s Spaza shop, a type of convenience store popular in South Africa. It was situated in Hammanskraal, a small town north of Pretoria where is father, Augustine, had been banished following his criticism of the apartheid regime.
7.) He has blue blood: he is a prince in a clan of the Tswana tribe, one of the largest black minorities of South Africa, where the Tswana language is also one of the eleven official idioms.
Talking to CNN’s Marketplace Africa, Motsepe delves deep into his business strategy and reveals: “We built a mine in a province where we currently employ 5,000 employees. When we got there, there was a 90% unemployment rate. And there was no spirit of small business, of supplying goods and services to the mine.”
Man Calls Hajia4Real An International Prostitute And This Is His Reason (Photo)
Today on Throwback Thursday, we are taking you to last year, when Mona Montrage, the then girlfriend (fiancée) of Ghanaian business man, Kennedy Agyapong (Kenpong) parted ways, which led to a tape by Amanda Acquah – who is now married to Ghanaian footballer, Afriyie Acquah. The tape, as many may be aware caused a stir in the media as Amanda accused Mona of sleeping around with many top footballers.
We are throwing back to revelations by a man called Adams who backed his allegations that Hajia4Real is an International prostitute with proof. He made a tall revelation on Facebook that awed everyone. Here is an unedited copy of it, directed at advising Kenpong:
Hey bro I saw you just posted a picture of Mona in your profile. Well I am not the usual type that comments on stuffs like that but just wanna let you know it’s never love. I was the first victim of Mona. I guess you know the story if we’re following my facebook in 2011. I was introduced to her by a friend and finally we got engaged. I paid for her school and brought her to the U.S. Her first time of coming to the U.S. and when she came over here, I bought her a Range Rover, you can still see that on my page. I spent a total of $100,000 dollars on this girl expenses. But then what happened, she didn’t even spend 6 months in my house. She left and start sleeping with taxi drivers with the help of Sirina Issah. So she is nothing but an international Prostitute.
My story is silent because I ain’t one of the guys who will like her downfall but before I brought her here for the first time, she didn’t have no high school certificate so she took about $5000 dollars to do a fake one and that was what she sent to the embassy.
What I went through with this girl, if I were to make it known on facebook, her life would have been over. I still have all the fake high school certificate she did in order for me to enroll her in to a school here. She was nothing.
You know I was born in tamale and I left Ghana when I was very young. Made a lot of money here in the USA and I wanted to get marry because of pressure I was getting from back home.
So a homie in tamale named Abdul basit Tuba Dagomba introduced her to me It was back in 2010. I was taking care of her, her schooling until 201. When she decided that she want to join me here in the USA. So as usual, our families got together for engagement ceremonies and I started her school procedures her.
Immediately she got here, she said she wanted to stay in Chicago so I went to Chicago met Sirina Issa Rented an apartment there for her I didn’t wanna quite my job in New York. So I was with her and Chicago and very monday I had to fly in to New York. That serious thing u got for her.
Then when ever I leave for New York she would go and be staying with taxi driver and smoke weed (that’s not a problem to smoke weed). Then sometimes she brings men in my house whiles I was in New York, they will smoke and sleep in my house. I didn’t believe it until when I bought a Range Rover for her and later they decided to send the car to exchange for cash and the car company called me.
I rush over to Chicago to talk to her and she got mad and moved out of my house to stay with Sirina Isaah. That was the end of the story, I tried many times to talk to her, and she wouldn’t return. Sirina Issah took advantage of my love vulnerability to steal a lot of money from me with the promise that they gonna let her come back to me
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