On Tuesday the CEO of the Motsepe
foundation business leader Patrice Motsepe and his wife, Dr Precious Maloi
Motsepe the Director of the foundation embarked on the 8th league of
their road show.
In which they have pledged to give half of
their own wealth to helping the less fortunate.
Motsepe said that the principal aim and
object of the Motsepe Foundation is to establish a fund and organisation to
provide funding and support for charitable, educational, religious, healthcare
and other philanthropic projects and initiatives in order to fight poverty and
improve the social and economic conditions of the poor, unemployed and
marginalised persons and communities.
“The Motsepe Foundation envisions a nation
in which everyone realises their potential and ultimately contributes to the
building of South Africa
Furthermore he added that over the past 10
years, the Motsepe Foundation has undertaken numerous projects, including
structural projects and capacity-building in schools, and made donations to
religious and faith-based organisations and traditional leaders for their
communities, women empowerment initiatives, as well as programmes relating to
education and healthcare for women and the youth.
He explained that the Motsepe Foundation
supports and encourages freedom, democracy and good governance in South Africa
The foundation has pledged to donate an
amount of R500 million to the Country over a period of 3 to 5 years and in this
amount they have given the City of Cape Town a total of R12 million rand to use
towards all and any programs and also to two Motsepe development forums
relating to uplifting the community of Khaylitsha and Mitchells Plain.
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