Business
South African billionaire, Patrice Motsepe to donate half of his fortune to charity
The organization works to improve education, agriculture and upliftment programmes.
Motsepe said the donation was the recognition of people’s help in his own life.
“I was also a beneficiary of various people, black and white, in South Africa and in the US who educated, trained, mentored and inspired me.”
He used the pledge to call for better governance on a continent beset by mismanagement and corruption.
“Economies that are growing and have ethical and accountable political, business and other leaders are better positioned and substantially more effective in dealing with poverty, joblessness, illiteracy and disease,” he said.
Since Microsoft mogul Gates and investment guru Buffett launched the Pledge in 2010, more than 70 billionaires have joined.
Motsepe thanked Buffett and Gates personally for their encouragement during separate meetings last year which he said influenced his decision.
Copyright 2013 AFP
