South African billionaire Motsepe donates $57mn to fight coronavirus

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JOHANNESBURG, SOUTH AFRICA - JULY 09: Patrice Motsepe of the Motsepe Foundation speaks during the press conference for the Global Citizen Festival: Mandela 100 at Sandton Convention Center on July 9, 2018 in Johannesburg, South Africa. (Photo by Jemal Countess/Getty Images for Global Citizen)

 

File Photo: Patrice Motsepe speaks during the press conference for the Global Citizen Festival, on July 9, 2018 in Johannesburg, South Africa. (Photo by Jemal Countess/Getty Images for Global Citizen).

South African billionaire businessman Patrice Motsepe said on Saturday his group of companies would donate 1 billion rand ($57 million) to help fight the coronavirus outbreak that has forced the country into total lockdown as infections climb.

South Africa entered a 21-day lockdown on Friday with people restricted to their homes and most businesses shuttered.

Motsepe, President Cyril Ramaphosa’s brother-in-law and head of investment firm African Rainbow Capital, said at a media conference the money would be channelled through the government to build water, health and education facilities.

The pledge follows a 1 billion rand donation each by the Oppenheimer and Rupert families, and a government package of more than 3 billion rand for industrial firms, and comes a day after the country lost its last investment-grade credit rating.

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