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South Africa Billionaire Motsepe Pledges $57 Million for Virus

South Africa Billionaire Motsepe Pledges $57 Million for Virus

(Bloomberg) --

Billionaire Patrice Motsepe’s family and companies in which he has shareholding pledged to spend 1 billion rand ($57 million) on fighting the Covid-19 pandemic in South Africa.

Last week, the families of two of South Africa’s richest men, Nicky Oppenheimer and Johann Rupert, said they’d donate 1 billion rand each.

One person has died of the virus in South Africa, where more than 1,100 people have been infected, according to government statistics. The nation is on the second day of a three-week lockdown to contain the pandemic.

©2020 Bloomberg L.P.