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4 / 11 65% + ALL THE COMPANIES PATRICE MOTSEPE OWNS Patrice Motsepe is one of South Africa's most successful businessmen with shareholdings in many of the country's top companies, including Sanlam, Rain, Alexander Forbes, and TymeBank. Motsepe is also a shareholder in Mamelodi Sundowns and the Blue Bulls, and is currently the Confederation of African Football (CAF) President. To understand Motsepe's rise to the top, one has to go back to his childhood, where he was exposed to his father's business at a young age. Motsepe was born on 28 January 1962 in Ga-Rankuwa, Pretoria. His dad is Augustine Butana Chaane Motsepe, chief of the Mmakau branch of the Tswana people. Motsepe senior, a teacher by profession, owned businesses in the North West province popular among mine workers. He is also the co-founder of the Nafcoc Business Chamber. Patrice Motsepe attended a Roman Catholic boarding school in the Eastern Cape. Throughout his youth, Motsepe worked at his father's businesses. This business experience and exposure to the mining industry would serve him well in his future endeavours. After completing school, he completed a BA degree at the University of Swaziland and a law degree at the University of the Witwatersrand. He joined the Bowman Gilfillan law firm in 1988 and became a partner in 1994, specialising in mining and business law. In 1997, when gold prices were low. Motsepe ventured into mining by buying shafts from Anglo Gold and establishing African Rainbow Minerals. He continued to grow his mining business with a string of deals. Tharindan litute of Education Plyted 02 BI 0 @
20 21 22 Five years after starting the company, Motsepe's African Rainbow Minerals, which Initially focussed on gold mining, was listed on the ISE. More deals followed, including a merger with Harmony Gold Mining to form the world's fifth-largest gold producer. The share price showed strong growth, which made Motsepe one of South Africa's richest people. Following his success in the mining sector, Motsepe started African Rainbow Capital (ARC) in 2015 as an investment vehicle in businesses that deliver a strong return on equity. Through ARC Investments, Motsepe has a shareholding in many of South Africa's top financial, insurance, banking, telecoms, agricultural, and IT companies. Motsepe's love for sport resulted in his investment in Mamelodi Sundowns in 2003 and the Blue Bulls in 2019. Commenting on these investments, Motsepe said he played football and rugby when he was in boarding school in the Eastern Cape. "So, I have a passion for football and rugby," he said. He added that sport brings people from different backgrounds, languages, and cultures together and unite the nation. "In the context of the Bulls, rugby brings black and white South Africans together," he said. Source: Staff Writer.2021. All the companies Patrice Motsepe owns, My Broodbond, 27 July 2022. (Online). Available at: https://mybroadband.co.za/news/business/4071-all the companie:- patrice motsepe-owns.html (Accessed 25 January 2022]. Using the case study above and your own further research, answer the following questions. 0.2.1 Using examples, discuss the contribution that entrepreneurs such as Patrice Motsepe (10) make to the South Afrcan economy. Your answer should be a minimum of 400 to a maximum of 5so words. Markers are
Q.2.3 Recommend the use of a feasibility study for entrepreneurs such as Patrice Motsepe (5) when starting a new venture. Your feasibility study should consider the nature of his businesses. I Q.2.4 Discuss economic, institutional-governmental and social environment variables of (15) the Macro-environment and how they have affected the industries that Patrice Motsepe operates in. Tip. You will be awarded five marks per environment. Your answer should be a minimum of 500 to a maximum of 650 words. Markers are to stop marking after the threshold of 650 words has been reached. Please indicate the word count at the end your answer.