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Son of the soil ploughs back wealth

By Mpho Sibanyoni Business Reporter | Nov 14, 2012 | COMMENTS [ 89 ]

BILLIONAIRE Patrice Motsepe might as well have been dressed in a Father Christmas suit as he dished out R10-million to rural communities and churches this week.

The windfall brought the total amount of money Motsepe has donated since the inception of the African Rainbow Minerals black economic empowerment trust in 2005 to R85-million.

The largest single beneficiary was the National Women Development Trust, which pocketed R1.4-million.

Trade union federation Cosatu's National Education Health and Allied Workers Union and the South African Democratic Teachers Union also smiled all the way to the bank when Motsepe gave R970,000 to each organisation.

This means they have each received R8.5-million in since the inception of the trust.

Other beneficiaries included rural development trusts from KwaZulu-Natal, Limpopo and Eastern Cape - each receiving R970,000 - while those in Mpumalanga, Northern Province, Free State and North West each got R364,000. It is not known why the provincial trusts received varying amounts.

Churches - including the Zion Christian Church, Grace Bible Church and Methodist Church - were given between R485,000 and R150,000 each. The SA Council of Churches received R1-million.

The event was attended by traditional leaders, among whom were Tsonga leader Hosi Ntswanisi, baPedi leaders Setlamorago Thobejane, Makgeru Sekhukhune, Kgabo Moloto, and Zulu King Goodwill Zwelithini, Xhosa King Zwelonke Sigcawu, Pondo leader Ndamase Ndamase and abaThembu leader Mathanzima.

It was revealed that R1.4-million of the money had been allocated as bursaries for six students studying at tertiary institutions. In Mpumalanga about R100,000 was used to buy 100 bicycles for schoolchildren who walk long distances to and from their schools.

In North West about R2.6-million has been spent to build two dams and sink boreholes, R1.2-million on computers and R223,000 on erecting a daycare centre.

In Eastern Cape R700,000 went to farming supplies and R1.5-million built two creches, while 13 classrooms were constructed at a cost of R1.5-million.

COMMENTS [ 89 ]

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@Mgeez: man that is very simplistic and not really a convincing observation to back the generiosity..at least to me, u know.

@Dzel: a get that drift. so somehow this may be connected to some issues to be discussed in mangaung including "nationalisation" pros and cons....lol!

However: why do we sideline the human aspect of his actions? don't we think there are fellows with a concern for the poor and thus give. why do we always question good deeds? is it not that we stigmatize the rich and paint all with the same brush....sometimes its us who have some pre-conceived ideas

thats my perpective though not a fact.

Nov 14, 2012 9:40 | 0 replies

He made a mistake with Churches & Sadtu

Churches are day-light, legal, robbery centers.

Money given to Sadtu, the beneficiaries will lodges & hotels, there will be more conferences where teachers get a chance to go bang each other.

Nov 14, 2012 10:23 | 0 replies

Nice one Pat.

Nov 14, 2012 10:29 | 0 replies

nzaco

@Dzel: a get that drift. so somehow this may be connected to some issues to be discussed in mangaung including "nationalisation" pros and cons....lol!

However: why do we sideline the human aspect of his actions? don't we think there are fellows with a concern for the poor and thus give. why do we always question good deeds?
+++++++++++++++++++++++++++++++++++++++++++++++++

You know the problem with bo da.rkie is we are so used to being at the bottom of the pile or being given scraps we accept everything without questioning. I have no doubt that on the face of it Motsepe has done a good deed and helped communities but you have to think deeper than that.

Are you familiar with business; the concept of capital or owners equity and that is one provides capital in the form of cash, services, or inputs into the business then they are entitled to a share of the profits ... do you know all this?

I ask this question because if we agree that natural resources are at the core of mining operations and if there are no resources then Motsepe would not have made his billions. The resources he got rich from have by and large been mined and sold in the market; they are forever lost to South Africa. If we agree that government holds these rights on behalf of each and every single South Africans which means we should all share in the profits made from the harvesting and sale of these resources then we should be getting a share of the profits. We should be sitting in the main table, not holding a collective begging bowl waiting for Motsepe to brush crumbs our direction.

All charity work is appreciated, that is not the point. The point is Motsepe and other mine owners have become super-rich from what belongs to all of us while ordinary South Africans remain poor so you think we should be grateful he decides to share a small portion whenever he feels like it?

Nov 14, 2012 10:35 | 0 replies

Can i send my bank account to u Mr Motsepe? u're doing a good work Sir, god bless.

Nov 14, 2012 10:39 | 0 replies

Oh Mr Motsepe you are a blessing indeed,kepp blessing others

Nov 14, 2012 10:50 | 0 replies

Good job President Motsepe, please teach your generosity to the 2nd richest black person
in South Africa, the one who was heading the CODESA negotiations, your Bother in law Cyril Ramaphosa.
The wealth of this country, the one which was suppose to benefit each
and every individual in South Africa just benefited a few black elites, the politically connected.

Nov 14, 2012 10:57 | 0 replies

i wanted to comment good about this guy, but from what i am reading above (comments)... haikhona! this is not ayoba at all!

Nov 14, 2012 10:58 | 0 replies

You can fool some people sometimes but you cannot fool all the people all the time

Some will the light one day Mr. Motsepe

Yes, the money donated might do some work and change some lives, but...

Nov 14, 2012 11:1 | 0 replies

Donating his money and especially to political parties and labour unions is a business imperative for Mr Motsepe. Nonetheless the gesture is welcomed.

But Mr Motsepe can't you do more than dishing money? Please advise your comrades to be prudent with state funds and stop being greedy. Also please advise them how to effectively implement their mandates to the constituencies which voted for them. Also please let them know that, that which they are doing right now, which is feeding their bellies at the expense of the poor, is not sustainable for the country and that include themselves and their families. By the way, Sir, giving such advice is also beneficial for your business' sustainability because you know that you can't prosper as a business if the majority masses are living in squalor and abject poverty.

Nov 14, 2012 11:9 | 0 replies

That a good leader! leading by example!!

Nov 14, 2012 10:22 | 0 replies