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

📆 2024/05/27 07:05:00

African Rainbow Capital News

Billionaires,Forbes,Headline

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.

📆 2024/05/27 07:05:00
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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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