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30-646: On 11 May 2022 CAF president Dr. Patrice Motsepe launched the initial project in Maputo, Mozambique . The inaugural tournament took place at the King Zwelithini Stadium in Durban from 5-8 April 2023. Guinea 's CS Ben Sekou Sylla won the inaugural boys title 5-4 via penalties against Clapham High School of South Africa after the match ended in a 1-1 draw. In the girls edition, Tanazania's Fountain Gate School won

60-609: A BEE deal with insurance and financial services company Sanlam. That deal ended in 2014 when the debt had been paid and UBI acquired 13.5% of Sanlam but UBI has a 18.1% voting stake in Sanlam as its BEE partner. UBI then started African Rainbow Capital (ARC), a wholly owned subsidiary of UBI. ARC's joint chief executive is Johan van Zyl, former executive of Sanlam. ARC has holdings in more than 40 companies, including TymeBank , industrial group Afrimat, agricultural company BKB, telecommunications company Rain, luxury property estate Val de Vie, and

90-611: A Bachelor of Arts degree at the University of Swaziland and a law degree from the University of the Witwatersrand . He specialised in mining and business law . In 1994, he became the first black partner in the law firm Bowman Gilfillan —the same year that Nelson Mandela was elected as the country's first black president. While the new government began promoting black empowerment and entrepreneurship; Motsepe founded Future Mining, which provided contract mining services that included

120-677: A donation of US$ 10,000,000 from the Motsepe Foundation , which set the prize money split at zonal and continental level. Patrice Motsepe Patrice Tlhopane Motsepe (born 28 January 1962) is a South African billionaire businessman and football administrator. Since March 2021, he has been president of the Confederation of African Football . He is the founder and executive chairman of African Rainbow Minerals , which has interests in gold, ferrous metals , base metals, and platinum. He sits on several company boards, including being

150-711: A minority stake in Alexander Forbes , the pension fund administrator. In 2024, Motsepe extended his investment portfolio to include the renewable energy sector, addressing South Africa’s energy shortages. He supported the establishment of GoSolr, a company specializing in renting solar panels and batteries to residential customers. GoSolr, a collaboration between African Rainbow Capital Investments Ltd. (a branch of Motsepe's Ubuntu-Botho Investments) and Standard Bank Group Ltd. , has pledged to invest 10 billion Rands (approximately $ 537 million) to enhance its solar generation capacity. Initially capable of producing 70 megawatts,

180-548: Is a signatory participant of the Voluntary Principles on Security and Human Rights . In August 2008 British charity War on Want published a report accusing Anglo American (who at the time owned 17% of AngloGold Ashanti) of profiting from the abuse of people in the developing countries in which the company operates. The company disclosed itself in 2006 or in 2008 for unacceptable safety performance in its platinum mines. Safety measures were taken. Additionally, in 2005

210-524: Is an independent and global gold mining company with a diverse portfolio of cooperation, projects, and exploration activities, formed in 2004 by the merger of AngloGold and the Ashanti Goldfields Corporation . As of 2022, it was a global gold producer with 21 operations on four continents, listed on the New York , Johannesburg , Accra , London and Australian stock exchanges, as well as

240-596: The Cauca region. Financial figures for the company: Gold production figures for the company's mines since 2004 in ounces per annum were AngloGold Ashanti reported Total CO2e emissions (Direct + Indirect) for 31 December 2019 at 2,570 Kt (-1/ y-o-y). Fatalities in the South African gold mining industry, especially the underground mines, are common. As of 2009, 100 to 120 were reported every year. This did represent an improvement since 2007: AngloGold Ashanti has reduced

270-627: The High Court of Ghana approved the merger of AngloGold and the Ashanti Goldfields Corporation three days earlier. AngloGold had been a gold mining company based in South Africa, majority-owned by the Anglo American group. This came almost a year after the merger was announced on 16 May 2003. In the transaction, Ashanti shareholders received 0.29 ordinary shares of AngloGold for every Ashanti share. The new company sold its Union Reef Gold Mine in

300-790: The Northern Territory of Australia in August 2004, followed by the sale of the Freda-Rebecca Gold Mine in Zimbabwe a month later. In late 2007, Mark Cutifani replaced Bobby Godsell as CEO of AngloGold Ashanti, being appointed a director of the company on 17 September 2007 and as CEO on 1 October that year. Alberto Calderon , Chief Executive Officer and Executive Director of AngloGold Ashanti. Appointed on ( September 1, 2021-) In 2008, AngloGold produced 4.98 million ounces of gold from its operations, estimated to be seven percent of

330-669: The Paris and Brussels bourses, and left the Johannesburg exchange in 2023. As of May 2023, it was the world’s fourth-largest gold miner, with assets in Ghana , Australia, the US , and Argentina . AngloGold Ashanti has a history of gross human rights violations and causing grave environmental problems for which it won one of the Public Eye Awards . AngloGold Ashanti was formed on 26 April 2004, after

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360-477: The "most irresponsible company". The nominating organisation, WACAM (Wassa Association of Communities Affected by Mining), said the company had a history of "gross human rights violations and environmental problems." Colombia's Truth Commission found AngloGold Ashanti responsible for financing paramilitary groups that murdered peasants and community leaders. The same company has been accused of destroying water sources and forcibly displacing thousands of people in

390-496: The African continent, the billionaire apologised, explaining "I do not have the right to speak on behalf of anybody except myself". Motsepe is married to Dr. Precious Moloi , a physician and fashion entrepreneur. They have three children. He is the brother of Tshepo Motsepe and Bridgette Radebe , and the brother-in-law of both President Cyril Ramaphosa and Minister Jeff Radebe . AngloGold AngloGold Ashanti Limited

420-468: The cleaning of gold dust from inside mine shafts for the Vaal Reefs Gold mine, and implemented a system of worker remuneration that combined a low base salary with a profit-sharing bonus. In 1997, with gold prices at a low, he purchased marginal gold mines from AngloGold under favourable finance terms. AngloGold sold Motsepe six gold mine shafts for $ 7.7 million allowing him to repay the debt out of

450-636: The company plans to expand its capacity to about 500 megawatts over a four-year period. Motsepe is the owner of Mamelodi Sundowns F.C. a Premier soccer league club. In November 2019, Motsepe bought a 37% stake in the Blue Bulls Co. The other major shareholders are Remgro (37%) and Blue Bulls Rugby Union (26%). In November 2020, Motsepe announced that he would become a candidate to become CAF's president. Quickly accused of being actively supported by FIFA - despite its duty of reserve and neutrality - and its President Gianni Infantino, who would seek to obtain

480-590: The founder of African Rainbow Minerals Platinum (Proprietary) Limited and ARM Consortium Limited, which later equally split ownership with Anglo American Platinum Corp Ltd. From 2005, Motsepe was Chairman of Teal Exploration and Mining Incorporated. Motsepe is also chairman of Ubuntu-Botho Investments, Non-Executive chairman of Harmony Gold Mining Co Ltd. and deputy Chairman of Sanlam Ltd. Motsepe has been president of South Africa's Chamber of Commerce and Industry. In 2003, Motsepe created Ubuntu-Botho Investments (UBI) (and in 2019 he owned 55% of it). In 2004 UBI entered into

510-452: The future earnings of the company now known as African Rainbow Minerals. This was repeated in a string of deals and Motsepe set up a firm to begin buying the operating mines that would become the source of his wealth. In 1999 he teamed up with two of his associates to form Greene and Partners Investments . The Black Economic Empowerment (BEE) laws introduced after the 1994 elections have been instrumental in cementing Motsepe's position in

540-537: The global production. In 2009, the company's gold output dropped to 4.6 million ounces. As of early 2008, the company had hedged 11.3 million ounces of gold, under previous CEO Bobby Godsell. In January 2009, AngloGold Ashanti sold its 33% stake in the Boddington Gold Mine in Australia to Newmont Mining for US$ 1.0 billion. In February 2009, the company's Tau Lekoa Gold Mine in South Africa

570-495: The inaugural title 3-0 against Ecole Omar IBN Khatab of Morocco . The second edition was held from 21-24 May 2024 at Amaan Stadium in Zanzibar . Hosts Tanzania won the boys edition defeating defending champions Guinea 1-0 in the final. In the girls edition, South Africa defeated Morocco 5-4 via penalties after the matched ended in a 1-1 draw. A list of past winners for the boys and girls competitions: The tournament received

600-465: The mining industry in South Africa. A business must have a minimum of 26% black ownership to be considered for a mining license. Since 2004, Motsepe has been a non-executive director of Absa Group and Sanlam . In 2002, when it was listed on the JSE Security Exchange , African Rainbow Minerals joined with Harmony Gold Mining Ltd. and the company's name changed to ARMgold. Motsepe is also

630-728: The non-executive chairman of Harmony Gold , the world's 12th largest gold mining company, and the deputy chairman of Sanlam . He serves on the Board of Trustees of the World Economic Forum . In 2003, he became the owner of football club Mamelodi Sundowns . In 2013, he joined The Giving Pledge , committing to give half of his wealth to charitable causes. In January 2024, Motsepe was named Africa's 9th richest man and South Africa's 3rd richest man after Johan Rupert and Nicky Oppenheimer by CNBC Africa alongside Koos Bekker, with an estimated net worth of $ 2.7 billion. In May 2024, Motsepe

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660-584: The resignation of Kelvin Dushnisky . There has been speculation that Dushnisky stepped down after shareholders questioned a bonus payment he received from his prior employer Barrick Gold while also taking a signing bonus from AngloGold Ashanti when he was appointed CEO in 2018. As of May 2023, AngloGold Ashanti was the world’s fourth-largest gold miner with assets in Ghana, Australia, the US, and Argentina. AngloGold Ashanti

690-832: The staff of the AGA exploration team in Ituri made a US$ 8,000 payment to the FNI, which had been accused of committing various humans rights abuses. In January 2011, AngloGold Ashanti was awarded the Public Eye Global Award at the Public Eye Awards hosted with Greenpeace in Davos, Switzerland by the Erklärung von Bern , known in English as the Berne Convention. The award has been interpreted as being for

720-631: The votes of Africa for future re-election, Motsepe was elected on 12 March 2021, after that all four other candidates had withdrawn their candidacies. His son Thlopie Motsepe took over as Mamelodi Sundowns new chairman after he became a new president of CAF. In 2011, he was named the interim chairman of the Black Business Council, and is a founding member and former president of one of South Africa's most influential business advocacy and lobby group Business Unity SA (BUSA). Motsepe won South Africa's Best Entrepreneur Award in 2002. In 2004, he

750-494: The “100 Greatest Living Business Minds” in the world. In 2020, Motsepe was ranked as the 1,307th-wealthiest person in the world by Forbes , with a reported fortune of US$ 2.1 billion. In January 2020, at a World Economic Forum dinner in Davos, Patrice Motsepe publicly told the US Former President Donald Trump that "Africa loves him". Faced with the indignant reactions that this statement provoked throughout

780-460: Was claimed to be the 'most sophisticated and technologically advanced' mining operations with strict adherence to safety regulations. In 2020, it sold its last South African mining assets to Harmony Gold for about R 4.4 billion. It no longer has any operations left in South Africa but remains listed on the JSE. On 1 September 2020, Chief Financial Officer Christine Ramon became interim CEO following

810-469: Was paid off with US$ 2.63 billion, or US$ 1,300 USD per ounce of gold. In 2011, AngloGold Ashanti moved into Eritrea to explore the Arabian-Nubian Shield for gold through a 50/50 joint venture set up in 2009 with Thani Dubai Mining. As of the third quarter of 2014, Anglogold was the world's third-largest producer of gold, behind Barrick Gold and Newmont Mining . As of 2019, the company

840-606: Was ranked as the 1,175th-wealthiest person in the world by Forbes , with a reported fortune of US$ 2.9 billion. Patrice Motsepe was born to Kgosi Augustine Motsepe, a chief of the Mmakau branch of the Tswana people , who had previously been a schoolteacher and who was later a small businessman as the owner of a Spaza shop which was popular with mine workers. It was from this shop that Motsepe learned basic business principles from his father, as well as first-hand exposure to mining. He earned

870-519: Was sold to Buffelsfontein Gold Mines Limited with ownership being transferred on 1 August 2010. In May 2010, Russell Edey, chairman of AngloGold since 2002 and, after the merger also of AngloGold Ashanti, was replaced by Tito Mboweni . In October 2010, the company announced the elimination of the last of its hedge book. Under its new CEO, it gradually reduced the hedge to 3.22 million ounces of gold. In October 2010, this remaining amount

900-547: Was voted 39th among the South African Broadcasting Corporation 's Great South Africans . In 2008, he was reported as the 503rd-richest person in the world, according to the Forbes 2019 list of The World's Billionaires , then ranked as the 962nd-wealthiest person in the world, and the third-wealthiest South African for 2019. In 2017, on its 100th anniversary edition, Forbes Magazine honored Motsepe as one of

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