ANC lauds Motsepe's donation

2013-01-31 17:05
Patrice Motsepe. (Picture: Sapa)

Patrice Motsepe. (Picture: Sapa)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Johannesburg - The ANC on Thursday saluted billionaire businessman Patrice Motsepe for donating at least half the money generated by his assets to the poor.

"This unprecedented act of goodwill in South Africa gives expression to our view of patriotic bourgeoisie, whose outlook reflects a deep understanding of development challenges and limitations facing South Africa and its people," African National Congress spokesperson Jackson Mthembu said.

"We believe that this gesture of philanthropy will assist many destitute South Africans to experience some relief that complements government initiatives... to mitigate poverty and indigence."

The ANC hoped Motsepe's move would send a message to "corporate citizenry".

"Patrice Motsepe should be lauded for exemplary leadership that must be seen as reflecting new realism that must confront business in their social commitment to eradicating deep-seated poverty that confronts under-developed countries," Mthembu said.

The mining magnate announced the donation on Wednesday. The funds would be given to the Motsepe Foundation, which would distribute them to various charities to benefit South Africans, Africans and others around the world.

The Democratic Alliance also welcomed the move.

"The DA warmly welcomes the move by billionaire Patrice Motsepe to significantly increase the amount he intends donating to good causes," said Democratic Alliance MP Tim Harris.

"Now National Treasury must make it easier for others to follow suit by boosting South Africa’s tax incentives for charitable giving."

Motsepe is the fourth richest man in South Africa and the sixth richest in Africa, according to Forbes. It calculates his net worth at around R29.93bn.

Harris said Motsepe made his donation in a tax environment which was significantly less generous.

"Our tax laws need to reflect the reality of need across our country by increasing the tax deductibility of charitable giving and making it easier to set up charitable foundations."

Read more on:    da  |  anc  |  patrice motsepe

Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.
NEXT ON NEWS24X publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Inside News24


Miley Cyrus can’t get enough of her new puppy

Miley's new dog is too adorable.



13 guilty pets
Meet SA's top poacher-catcher
The unusual pets of Instagram
Bertie sets a new world record!

Book flights

Compare, Book, Fly

Traffic Alerts

Plant some seeds. Your innovative mind is on fire and your ingenious ideas may just be the seeds for future projects. You may more

There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.