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Africa politics

Suprised by Motsepe's mother's nationality and how he made his billions

Motsepe is number 10 in the list of the richest people in Africa. The story of Motsepe started in the dust streets of Mmakau a village outside, Pretoria, a village opposite Ga Rankuwa. Augustine a political activist who was banished by the apartheid government to Makau, where the government thought he could do less damage and he named his son after Patrice Lumumba, head of the Republic of the Congo. His mother came from Noordgesig, she was coloured. His maternal great-grandfathers came from Scotland. Motsepe spent his young life working behind the counter in his father’s store and tarvernMotsepe and his six siblings attended a Roman Catholic boarding school in Transkei, present day, Eastern Cape province. He went to University of Swaziland where he graduated as a lawyer. In 1988, he found a job at Bowman Gilfillan, one of South Africa’s largest corporate law firms. In 1991 he went to America and worked there as a visiting attorney with the American law firm McGuire, Woods, Battle & Booth in 1991–92. He returned to South Africa and return to the firm of Bowman Gilfillan and became a partner in 1993. In 1994, with ANC coming into power, with their transformation laws, Motsepe benefited from the country’s Black Economic Empowerment (BEE) laws, which required companies to have a minimum 26 percent black ownership before a mining license would be granted. In 1994, he founded Future Mining and got a contract to offer services to Anglo Gold and the rest was history. In 1997 he started ARMgold, which in 2003 merged with Harmony and acquired Anglovaal Mining. Motsepe made his fortune through mining interests that eventually expanded in 2004 to form a successful multifaceted mining company, African Rainbow Minerals (ARM)

Jn 2017, Patrice's family was embroidered over chieftainship row over Bakgatla Ba Mmakau kraal. Patrice's family claims that his forebear was cheated out of chieftainship in 1892 and   his spokesperson produced an evidence at the Nhlapo commission. But the Mmakau community rejected him, despite the evidence. They was in a protest against Patrice accused of fuelling tension on that community and they stuck with the current chief Patrick Mmakau.

Content created and supplied by: Manamela (via Opera News )

Africa Ga Rankuwa Mmakau Motsepe Patrice Lumumba


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