All the companies billionaire Patrice Motsepe owns — including a big broadband provider

📆 5/27/2024 5:05 AM
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African Rainbow Capital News

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Patrice Motsepe is one of South Africa’s most successful businessmen and one of the continent’s richest people. Here are the companies behind his wealth.

Patrice Motsepe is one of South Africa’s most successful businessmen, with an estimated net worth of around $3 billion .

These include telecoms, insurance, asset management, agriculture, energy, and real estate businesses, which fall under the African Rainbow Capital umbrella.Patrice Thlopane Motsepe comes from Ga-Rankuwa, a settlement north of Pretoria, and is the son of chief Augustine Motsepe of the Mamkau branch of the Tswana people.

Motsepe’s first tertiary qualification was a BA degree at the University of Swaziland. He went on to complete a law degree specialising in mining and business at the University of Witwatersrand. A part of the company’s success was due to the worker remuneration system that consisted of a low base salary with a profit-sharing bonus.

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