INVESTMENT ONE EARLY MORNIN SAVINGS TIPS,BROUGHT TO YOU BY CERUTTI MEDIA
“This $1.2MILLION money am giving out today is for a year and we want it be used, because sometimes you
find amounts of money stuck in a bank are not used while people go
hungry,”
-South Africa’s first black billionaire, Patrice Motsepe, said while donating , $1.2 million in a move to help rid poverty and unemployment in rural areas of Cape Town
Motsepe, who is currently worth an estimated $2.1 billion, reportedly said he was giving the Khayelotsha and Mitchells communities of Cape Town $590,000 each to establish forums – a type of local community investment fund. Both Khayelotsha and Mitchells are informal, largely colored townships with an overwhelming population of low-income earners. The forums will be created in the Motsepe family name.
Footnote: If motspe did not save, can he have such large amount to give out to the poor?
MOTSEPE: BRIEF FACT=
-South Africa’s first black billionaire, Patrice Motsepe, said while donating , $1.2 million in a move to help rid poverty and unemployment in rural areas of Cape Town
Motsepe, who is currently worth an estimated $2.1 billion, reportedly said he was giving the Khayelotsha and Mitchells communities of Cape Town $590,000 each to establish forums – a type of local community investment fund. Both Khayelotsha and Mitchells are informal, largely colored townships with an overwhelming population of low-income earners. The forums will be created in the Motsepe family name.
Footnote: If motspe did not save, can he have such large amount to give out to the poor?
MOTSEPE: BRIEF FACT=
Patrice Tlhopane Motsepe (born 28 January 1962 in [soweto]) is a South African mining magnate. He is the founder and executive chairman of African Rainbow Minerals,
which has interests in gold, ferrous metals, base metals, and platinum.
He also sits on several company boards including being the
non-executive chairman of Harmony Gold, the 12th largest gold mining company in the world, and is the deputy chairman of Sanlam. In 2012, Motsepe was named South Africa’s richest man, topping the Sunday Times’ annual Rich List with an estimated fortune of R20.07 billion ($2.4 billion).
In 2003, he became the owner of football club Mamelodi Sundowns.
In 2013, he joined The Giving Pledge, committing to give half his wealth to charitable causes
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