Home » world » Meet The Man Behind South Africa’s Mining Industry
mining man in SA, billionaire
South Africa's billionaire, Patrice Motsepe

Meet The Man Behind South Africa’s Mining Industry

South Africa has many powerful and successful business men and as of today, they are qualified billionaires on the African continent. Patrice Tlhopane Motsepe who was born on 28th January 1962 in Soweto, he’s the man behind South Africa’s mining industry and a popular billionaires in Africa.

Check also: Meet Tanzanias richest man

Patrice’s father Augustine Motsepe was a school teacher and a businessman who owned a black mine worker’s Spaza shop, Patrice grew up learning first hand basic business techniques of mining from his father.

He attended University of Swaziland where he earned a bachelors degree of arts and thereafter, he joined University of Witwatersrand and earned a degree in law.


Mining industry!

When Nelsen Mandela became South Africa’s first black president in 1994, the government begun promoting black entrepreneurs, without wasting time, Patrice immedietly utilized that chance and specialized in business law and mining, later he created his mining service business purposely to clean gold dust from inside mine shafts.

In 1997, gold prices droped, he decided to acquire gold mines from AngloGold under suitable finance terms, nevertheless he continued to buy different operating mines which became his source of income.

Patrice is now the founder and CEO of African Rainbow Minerals which deals in gold, platinum, ferrous metals and base metals, besides, he is the board member of the 12th largest gold mining company in the world known as Harmoney Gold which is worth $1.18 billion.

He is the owner of one of South Africa’s giant football club known as Mamelodi Sundowns and also the deputy chairman of Sanlam General Insurance. He has an estimated fortune of worth $2.4 billion, according to forbes.

Patrice was named South Africa’s richest man in 2012 and he pledged to give half of his wealth to charity, wow this sounds wonderful!

Check also;



About lukwago J

Posted by LUKWAGO. J: He's a writer, editor, blogger, affiliate and a web developer, he loves thinking creatively and finding new ways to implement different programming ideas.

Check Also

Weah cuts his salary

Liberia’s new president Weah Cuts His Salary To Invest In Liberia’s Economy

Liberia’s new president, George Weah, pledged to cut his own salary by 25% during a ...

Show Buttons
Hide Buttons
Translate »