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Tue Sep 02 01:32:35 SAST 2014

ANC salutes Motsepe for donation to the poor

Sapa | 31 January, 2013 14:04
Patrice Motsepe. File photo.
Image by: ROBERT TSHABALALA

The ANC on Thursday saluted billionaire businessman Patrice Motsepe for donating at least half the money generated by his assets to the poor.

"This unprecedented act of goodwill in South Africa gives expression to our view of patriotic bourgeoisie, whose outlook reflects a deep understanding of development challenges and limitations facing South Africa and its people," African National Congress spokesman Jackson Mthembu said.

"We believe that this gesture of philanthropy will assist many destitute South Africans to experience some relief that complements government initiatives... to mitigate poverty and indigence."

The ANC hoped Motsepe's move would send a message to "corporate citizenry".

"Patrice Motsepe should be lauded for exemplary leadership that must be seen as reflecting new realism that must confront business in their social commitment to eradicating deep-seated poverty that confronts under-developed countries," Mthembu said.

The mining magnate announced the donation on Wednesday. The funds would be given to the Motsepe Foundation, which would distribute them to various charities to benefit South Africans, Africans and others around the world.

Motsepe is the fourth richest man in South Africa and the sixth richest in Africa, according to Forbes. It calculates his net worth at US2.65 billion (about R29.93 billion).

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Tue Sep 02 01:32:35 SAST 2014 ::