Patrice Motsepe

You see, rather than building its own bank, Sunlum is partnering with one that already exists.

Now that bank is Gotam, which is backed by Patrice Motsepe, who also happens to be Sunlum's largest shareholder.

Essentially, Gotam will provide the banking accounts while Sunlum will offer them to its existing base of more than 10 million clients.

It all comes together in a new app that's launching on a trial basis in November before a full commercial launch next year.

Because I think the candidate who wins the ANC presidential race next year will have to have a constituency and, um, at least a legacy, a track record, um, in the party.

They can't be, uh, uh, novices or, uh, entryists like Patrice Motsepe.

So I don't think Motsepe is really a candidate to take very, very seriously.

But Do- Did- Thoko Didiza is.

So Luzuki's power base and his ability to promise patronage will be severely limited.

Mbalula has the crisis that [laughs] that we've just discussed.

Patrice Motsepe might have the public will, uh, uh, on his side, but he, he really doesn't have any, any constituency in the party.

Um, so, uh, almost by way of eliminating the other possibilities, you get to a point where I think Tokozile Xasa is probably the answer to your question.

But there's like a very, very small cluster of dynasties that basically have, they rule the country without any real check on their power.

And I mean, one of the biggest ones now is a guy called Patrice Motsepe, who's the brother-in-law of the current president.

So...

Yeah, the country is more, the wealth is more concentrated than you see in Russia or America or anywhere else.

And in 2018, Ahmad declared Africa's support for Infantino's re-election a year early.

In 2021, Infantino cast a long shadow as rivals stood aside and endorsed Patrice Motsepe, the South African mining billionaire, as new CAF president, after FIFA had sent its own secretary general, Fatma Samora, to run CAF's affairs for six months in 2019, and after Ahmad was banned by FIFA's ethics committee.

Motsepe's tenure has recorded successes, but critics still cast him as Infantino's puppet in Cairo.

The politics of football on the continent have changed too.

a little.

The moment I always go back to here is March 2021, the very month when Patrice Motsepe took charge as CAF president, because that is when he announced just days after assuming the presidency that he had no doubt the Afghan has to be every two years.

Just a year earlier, FIFA president Gianni Infantino had said he wanted the Afghan to be played every four years, arguing that the biennial nature of the event had failed to provide any commercial or infrastructural benefit for the continent.

Well, That was a questionable point of view, given the new infrastructure that has been built in the various Afghan host nations over the years, of course.

That's about one in five people on the continent.

A Tanzanian court has struck out a one hundred and ninety-five million dollar damages claim against South African billionaire Patrice Motsepe and companies linked to him.

African Rainbow Minerals says the High Court dismissed the case on nine October.

Bloomberg News reports that the Pula Group had accused Motsepe and his associates of breaching a non-compete agreement through an investment in an Australian graphite project.

Hopefully it'll be clearer, and then we can hear from GAWA.

But you have the NUJ's president.

I do have the secretary for innovation and entrepreneurship at NUJ, Titus Owusu-Darko.

Titus, welcome to the program.

Thank you, Winston.

Ruth is here with sports.

The president of the Confederation of African Football, Dr. Patrice Motsepe, has announced a thirty-three percent increase in the annual subventions of the fifty-four CAF member associations and a further twenty percent increase for the CAF zonal unions.

Now, here is the breakdown.