Motsepe, President Cyril Ramaphosa’s brother-in-law, is the head of investment firm African Rainbow Capital.
JOHANNESBURG: South African billionaire businessman Patrice Motsepe said on Saturday his group of companies would donate 1 billion rand to help fight the coronavirus outbreak that has forced the country into total lockdown as infections climb. South Africa entered a 21-day lockdown on Friday with people restricted to their homes and most businesses shuttered.Motsepe, President Cyril Ramaphosa’s brother-in-law and head of investment firm African Rainbow Capital, said at a media conference the money would be channelled through the government to build water, health and education facilities.
The pledge follows a 1 billion rand donation each by the Oppenheimer and Rupert families, and a government package of more than 3 billion rand for industrial firms, and comes a day after the country lost its last investment-grade credit rating.
Orang kaya klau kasi duit mesti nama dia jadi taruhan utk 50tahun ke depan. Tiap tiap tahun facilities ini jemput dia utk bagi talk sambil dia create network. Derma atau investment?
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