TAKE A LOOK: Bill Gates visits Khayelitsha

CAPE TOWN, SOUTH AFRICA - OCTOBER 25: Bill and Melinda Gates brace the rain as they visit the township of Khayelitsha on October 25, 2019 in Cape Town, South Africa. The world’s richest man first went to visit Inkanini Primary School and then made his way to Site B Informal Settlement to visit a crèche. (Photo by Gallo Images/Brenton Geach)
CAPE TOWN, SOUTH AFRICA - OCTOBER 25: Bill and Melinda Gates brace the rain as they visit the township of Khayelitsha on October 25, 2019 in Cape Town, South Africa. The world’s richest man first went to visit Inkanini Primary School and then made his way to Site B Informal Settlement to visit a crèche. (Photo by Gallo Images/Brenton Geach)

Bill Gates – who may be on the verge of becoming the world’s richest person again – visited Khayelitsha in Cape Town on Friday.

With his wife Melinda, they braced the rain to visit Inkanini Primary School, a new state school that opened in the Zwelitsha informal settlement in Khayelitsha last year, Gallo reported. The school has some 560 learners.

The Gates couple then visited a creche in the Site B Informal Settlement.

Through the Gates Foundation, Bill Gates has invested large amounts in South Africa. The foundation identified South Africa as one of the ten countries where it believes it can have the greatest impact.

It has invested in more than 100 South African organisations which are focused on discovering new medicines for HIV and TB, as well as treating and preventing those illnesses. Some of these organisations are also involved in agriculture, water sanitation, and hygiene.

Gates’ visit to South Africa could coincide with his becoming the world’s richest person again. Bloomberg reports that he looks set to reclaim that title from Amazon CEO Jeff Bezos, whose fortunes are closely tied to the Amazon share price. Amazon has been under pressure this week, ahead of a profit update late on Thursday.

Bezos has been the world’s richest for the past two years, but a rally in Microsoft’s share price and the Amazon founder’s divorce settlement have contributed to a potential shift. 

"Gates, on the other hand, may have never relinquished the top spot were it not for his philanthropy. He has donated more than $35 billion to the Bill & Melinda Gates Foundation since 1994,"  Bloomberg reported.

Gates

Bill and Melinda Gates arrive in Khayelitsha via a mini-bus taxi. Photo: Brenton Geach, Gallo.

Bill Gates

Bill and Melinda Gates brace the rain as they walk through Khayelitsha. Photo: Brenton Geach, Gallo. 

Gates

Young children welcome Bill and Melinda Gates during their visit. Photo: Brenton Geach, Gallo. 

ZAR/USD
17.38
(-0.05)
ZAR/GBP
22.72
(-0.10)
ZAR/EUR
20.56
(-0.12)
ZAR/AUD
12.45
(-0.12)
ZAR/JPY
0.16
(-0.19)
Gold
1942.90
(+0.07)
Silver
26.42
(+0.07)
Platinum
941.16
(+0.46)
Brent Crude
44.74
(-0.36)
Palladium
2104.73
(+0.41)
All Share
57077.48
(-0.60)
Top 40
52737.48
(-0.65)
Financial 15
10156.41
(-0.69)
Industrial 25
75107.47
(-0.84)
Resource 10
58926.78
(-0.40)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Do you think it was a good idea for the government to approach the IMF for a $4.3 billion loan to fight Covid-19?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes. We need the money.
11% - 1010 votes
It depends on how the funds are used.
74% - 6766 votes
No. We should have gotten the loan elsewhere.
16% - 1428 votes
Vote