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AFRICANGLOBE - Patrice Motsepe, the founder and executive chairman of African Rainbow Minerals (ARM) is often referred to as South Africa’s first Black billionaire and the wealthiest Black man in South Africa. Motsepe has a net worth of $2.5 billion
AFRICANGLOBE - "Notions of aid and charity are in reality aiding politicians and multinational corporations to continue plundering Africa behind a shroud of ‘generosity’." Under the "smokescreen" of giving aid or charity, western governments and multinational corporations are pillaging states in Africa with losses nearing $60 billion each year,
AFRICANGLOBE - With the African continent home to the majority of the world’s fastest-growing economies, urban consumer markets and a wealth of natural resources, it’s perhaps not surprising that some of the world’s largest corporations, from Monsanto to Unilever, are rushing to get a slice of the action. The good news is that, as in the struggles for independence, Africans are not taking this corporate colonialism lying down.
AFRICANGLOBE - Between 2002 and 2012 South Africa lost $100.7 billion (about R1.1 trillion at yesterday’s rate) as a result of illicit financial flows, Masiiwa Rusare of African Monitor told delegates at the Alternative Mining Indaba in Cape Town yesterday.
AFRICANGLOBE - Africa is home to powerful emerging economies, multinational corporations and one-eighth of the world’s burgeoning population. The global view of the continent is changing as its massive potential becomes apparent. Today, Africa is as easily defined by a more prudent use of our abundant resources – as we are by the sadly widening gap between the poor and the superrich.