Multibillionaire Patrice Motsepe has pledged R3.5 billion towards furthering South Africa’s land reform programme.
Motsepe, a consummate businessman and local mining magnate, announced his financial support for South Africa’s land reform programme on Sunday evening, while speaking at the Global Citizen Festival: Mandela 100 atFNB Stadium in Johannesburg.
PATRICE MOTSEPE PLEDGES R3.5 BILLION
Through his philanthropic organisation, The Motsepe Foundation, funds will be made available to assist skills development programmes in rural communities. In this way, Motsepe hopes to empower landless South Africans and advance the nation’s land reform efforts. Addressing the 94 000-strong crowd, Motsepe said:
- “We want to give a moment of hope, we want to give a moment of inspiration for all of the people of this rainbow nation. We are coming together as leaders in South Africa.
- We are coming together in unity as leaders and are committed to working together to ensure that the current land reform process will result in land with the requisite support and skills being made available to black people living in rural areas.
- What we are going to do, as the Motsepe family, is we are going to contribute R3.5 billion to help with the process of land reform in this country. The amount is about US250 million.”
GLOBAL CITIZEN FESTIVAL: PLEDGES MADE
The Global Citizen Festival in South Africa, commemorating 100 years since Nelson Mandela’s birth, rocked the country with dazzling performances by some of the world’s most adored icons. While performances by Jay-Z, Beyoncé, Usher, Wizkid, Femi Kuti, and Ed Sheeran stole the show, it’s the festival’s progressive socioeconomic ethos which promises to have lasting positive effects on South Africa and the global community.
The Global Citizen Festival aims to raise $1 billion which will go towards improving lives.
The Canadian Prime Minister, Justin Trudeau, pledged $50 million towards EduCannotWait, a global fund for education in emergencies.
Bill and Melinda Gates pledged $17 million to fight Neglected Tropical Diseases on the African continent.
Vodacom and World Bank also made multibillion dollar pledges aimed at improving global literacy and educational systems.