Patrice Motsepe donates a whopping R168m to University of eSwatini

Patrice Motsepe donates a whopping R168m to University of eSwatini

- Patrice Motsepe studied at University of Swaziland, now known as eSwatini

- He donated R168m to the university over the weekend

- King Mswati III officiated the event

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Billionaire businessman Patrice Motsepe has donated a whopping R168million to the University of eSwatini.

Motspe made the announcement during the university's 36th graduation ceremony held over the weekend, City Press reports.

King Mswati III of the Kingdom of eSwatini, formerly known as Swaziland, officiated the event. The university also bestowed Motsepe an honorary doctorate, Briefly.co.za gathered.

Patrice Motsepe was bestowed an honorary doctorate. Source: City Press

Patrice Motsepe was bestowed an honorary doctorate. Source: City Press

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Motsepe is the founder of his flagship business, African Rainbow Minerals. According to Forbes, he is worth $1.9billion.

He studied Law at the University of eSwatini and completed his degree in 1984. In his speech, he urged lecturers to be "nice" to their students because they might become their bosses in future.

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Motsepe cited two of his former lecturers, Dr Vakashile Rejoice Simelane and Professor Thandabantu Nhlapo, who are now senior executives in his companies.

King Mswati III commended Motsepe for his generosity and added:

I am grateful that our university has managed to produce people like Motsepe and I would like to encourage you to work hard so that the university can produce more billionaires.

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Source: Briefly.co.za

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