“I decided quite some time ago to give at least half of the funds generated by our family assets to uplift poor and other disadvantaged and marginalised South Africans, but was also duty-bound and committed to ensuring that it would be done in a way that protects the interests and retains the confidence of our shareholders and investors,” Motsepe says. He added, “I was also a beneficiary of various people, black and white, in South Africa and in the US who educated, trained, mentored and inspired me and whose faith and belief in me contributed to my success in my profession, business and elsewhere. The same can be said about my wife, Precious, and we are deeply indebted to them and many more.”
Motsepe’s rise to the stop started in earnest when he became the first black partner at law firm Bowman Gilfillan in 1994. As a specialist in mining and business law at a time when black economic empowerment was just starting up, he had a front-row seat to some of the biggest mining deals of the day.