South Africa's first black billionaire and owner of PSL club Mamelodi Sundowns, Patrice Motsepe, has purchased a house in the exclusive suburb of Bishopscourt in Cape Town for a whopping R69 million.

The grand home, on a plot of 12000m², first hit the market for R98 million in 2011.

Last year the European owner needed an urgent sale and slashed the asking price by R20 million.

"The location in one of the country's top suburbs, Bishopscourt, makes the property especially appealing. It is also slightly elevated and enjoys breathtaking views across Cape Town and of Table Mountain," said Andy Todd managing director of estate agent Seeff.

Besides six en-suite bedrooms with dressing rooms, the Bishopscourt house features:

• A floodlit tennis court, pavilion and swimming pool;
• A "predominantly" indigenous garden;
• A main bedroom suite that has a separate lounge with a fireplace and his and hers dressing rooms;
• A baronial-style lounge and a formal 24-seat dining room;
• A cigar lounge fit for a gentlemen's club in the basement, with a climate-controlled wine cellar; and
• A gym, a music room, a cinema room, a billiard room and a 10-bay garage with a separate bay to have cars washed.
• In addition, there is a house for an estate manager, and the mansion has a staff wing.

According to the 2014 Forbes list, Motsepe has a net worth of $2.7-billion (about R31.3-billion).

SOURCE: Times Live