S. African Billionaire Gives Half of Fortunes to Charity

South African billionaire Patrice Motsepe says he will give half of his family fortune to charity.

Motsepe, the owner of the African Rainbow Minerals mining company, has announced plans to join the Giving Pledge, an effort launched by Microsoft founder Bill Gates and investment tycoon Warren Buffett to encourage the world’s wealthiest to give away at least half of their wealth.

Motsepe is one of Africa’s richest people.  The U.S.-based Forbes magazine estimates his net worth is …