South African billionaire given honorary doctorate by Wits
One of South Africa’s richest businessman, Patrice Motsepe, has been bestowed an honorary doctorate in commerce by the University of the Witwatersrand.
“Motsepe graduated with an LLB from the University in 1988. He also holds a Bachelor of Arts in Law from the University of Swaziland. After graduating, Motsepe joined a law firm where he specialised in mining and business law,” the university said in a statement.
“This background and his judicious business acumen has seen Motsepe create enterprises that positively impact countless South Africans.”
Motsepe is one of six recipients of honorary doctorate degrees in Wits’ first graduation cluster for 2017, which runs from March 23 to 31 and more than 5,000 students will graduate during this period.
He founded African Rainbow Minerals (ARM) in 1994‚ which he currently chairs. He is also chairman of Harmony Gold (HAR)‚ in which ARM is a shareholder.
According to a recently released rich list by Hurun, Motsepe is currently the 5th wealthiest billionaire in South Africa with a network of $1.3 billion.
Read: These are the richest billionaires in South Africa in 2017
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