African billionaire to visit PNG

SOUTH Africa’s mining magnate and first black billionaire, Patrice Motsepe, who has an annual net of US$2.7 billion, is coming to PNG next month.

He will be in Port Moresby to meet with key leaders; specifically, Prime Minister Peter O’Neill, Finance Minister James Marape, National Planning Minister Charles Abel, Treasurer Don Polye, and Mining Minister Byron Chan, Petroleum Minister William Duma and mining and business entities.

Mr Motsepe, born in the sprawling black township of Soweto is a lawyer, who became the first black partner at Bowman Gilfillan law firm in Johannesburg and eventually ventured into mining in 1994 buying low-producing gold mine shafts and turning them profitable using a lean management style.

He is the chairman of Harmony Gold – a shareholder with interests in Wafi Golpu and other business interests in PNG. 
Motsepe, who is also the chairman of African Rainbow Minerals (ARM), a leading South African diversified mining and minerals company, and has interests in gold, ferrous metals, base metals, and platinum.

He is one of Africa’s leading entrepreneurs and was voted 2002 South Africa’s Business Leader of the Year by the CEOs of the top 100 companies in South Africa. In the same year, he was the winner of the Ernst & Young Best Entrepreneur of the Year Award.