Sanlam – Motsepe – Ubuntu-Botho – B-BBEE

Sanlam and Motsepe – Sanlam announces during 2018 that its BEE transactions is worth R11 billion – The broad-based deal also extends its partnership with the Patrice Motsepe controlled Ubuntu Botho.  (moneyweb) – there are much more to this around this table.

Image result for Precious Elizabeth Makgosi Moloi-Motsepe photo

Verskillende skakels bestaan tot sekere maatskappye wat verbind word met Ramaphosa, en nog veel ander,  wat weer verbind met Motsepe en wat 100 % ooreenkom met dit wat Ramaphosa voorgestel het in die parlement of van Eskom verlang word, naamlik, om in drie verskillende maatskappye op te breek.

Het dit ook te doen dat hy moontlik sy kabinet gaan verminder dat daar nou poste geskep gaan word wat nie werk het nie?

Ramaphosa se woorde was skaars koud en woeps waps – soos in onmiddellik, oornag word alle beurtkrag gestop en is daar weer voldoende elektrisiteit vir almal.

Dit is ook ‘n feit dat elektrisiteitsverkope aan lande soos Botswana, Mosambiek, Zimbabwe en ander Afrika lande nog nooit beurtkrag gehad het of opgeskort is nie. 

Nou waar is die “strukture” wat dan kwansuis foutief is.  Hoe word daar nie openlik gelieg nie.   Daar word feitlik daagliks ‘n ander rede toegevoeg.

Die oplossing is heel eenvoudig, stel mense aan wat die werk kan doen, wat weet wat hulle doen en nie sit en protesaksies doen nie,  wat nie daar is vir familiebesighede nie.   Verder beteken dit dat alle wetgewing oor swart bemagtiging geskrap moet word.  Neem ‘n slag verantwoordelikheid en kla alle betrokkenes en misdadigers aan wat steel en kry al die gesteelde geld terug, met rentes.  Die wat so miljoene bonusse ontvang, word daar ook aan SARS verantwoordelikheid gedoen hieroor?   Die munisipaliteite en dorpe soos Soweto wat niks betaal nie, se kragtoevoer moet afgesny word tot hulle betaal.  Onwettiges wat die land inkom en krag steel moet die land verlaat en strenger beheer moet op grense toegepas word.

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SANLAM AND MOTSEPE (connections)

As a result, Sanlam would increase its B-BBEE scoring to be a Level 1 contributor and would increase direct black ownership in Sanlam to over 18 percent; black economic ownership would be increased to over 35 percent. As measured in terms of the Financial Sector Code, this placed Sanlam in a strong position in terms of empowerment.

Motsepe is the founder and Executive Chairman of African Rainbow Minerals (ARM). He is also the founder and Chairman of Ubuntu-Botho Investments, African Rainbow Capital (ARC), African Rainbow Energy and Power (AREP) and is the Chairman of Harmony. African Rainbow Capital (ARC) is a fully Black owned and controlled company focusing on the South African and African financial services industry and businesses that deliver exceptional returns on equity. It is listed on the JSE, under the Finance – Speciality Finance sector.

In January 2013, Dr Motsepe and his wife, Precious, joined the Giving Pledge, which was started by Warren Buffett and Bill and Melinda Gates. Dr Motsepe committed to give half of the wealth of the Motsepe family to benefit the poor and to be used for other philanthropic purposes both during and after the lifetimes of himself and his wife.

**

African Rainbow Capital (ARC) is a 29.9% shareholder in Bravura Holdings Limited. ARC is a 99% B-BBEE accredited, African private equity fund, focused on the South African and African financial services industry, and businesses that deliver exceptional returns on equity.   ARC is a subsidiary of Ubuntu-Botho Investments (Pty) Limited, a broad based black empowerment investment holding company.    The ARC team members, including Patrice Motsepe, Johan van Zyl (former CEO of Sanlam), and Johan van der Merwe (former CEO of Sanlam Investments), have a wealth of experience in the financial services industry. In its short history, ARC has already demonstrated its ability to put significant capital to work in highly attractive, proprietary investment opportunities.   Bravura has offices in Mauritius, South Africa, Namibia and Australia, and is currently in the process of expanding its business lines through targeted corporate actions.
https://www.bravura.net/clients/

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2014

Sanlam and Ubuntu-Botho BEE Partnership delivers R15-Billion in Value

The Sanlam Group has announced that the Ubuntu-Botho empowerment deal, which came to the end of its 10-year contractual period on 31 December 2013, has created approximately R15-billion in value from an initial investment of R1.3-billion (all debt and interest on debt was fully settled by December 2013). The value created makes the transaction between Sanlam and the broad-based empowerment group, Ubuntu-Botho, which is led by respected business leader Patrice Motsepe, one of the most successful transactions of its kind in the financial services sector and in South African history.

Set up in April 2004, the deal saw the Ubuntu-Botho consortium take an initial 8% stake in Sanlam. This shareholding was extended to include broad-based groups consisting of trade union companies, religious organisations, women and youth groups as well as nine provincial companies from all the provinces in South Africa, representing approximately 700 shareholders. By 31 December 2013, this equity stake had grown to 14% through a combination of share buybacks and the reclassification of an additional 66.5 million deferred shares to ordinary shares.

Van Zyl and Motsepe personally visited all the nine provinces in South Africa in 2004 to engage with the various broad-based shareholders, including trade unions (SADTU and NEHAWU), religious groups, entrepreneurs, small and micro business owners, women and youth groups who would all become the beneficiaries of the deal.

Several business leaders who were identified as being able to make a direct impact on empowering small business were also among the beneficiaries. A number of non-executive directors from Sanlam and senior black Sanlam staff members were also included.

Motsepe strongly believes in creating opportunities for all South Africans: “We have to persuade and convince all our people of the huge benefits for them in the growth and success of a black middle class and black entrepreneurs. We must encourage more black people to start, run and own their own businesses. Our hope is that as many of our beneficiaries as possible will not sell their shares in Ubuntu-Botho but will remain invested to get the long-term benefits of our new partnership with Sanlam.”

https://www.sanlaminvestments.com/mediacentre/media-category/media-releases/Sanlam%20and%20Ubuntu-Botho%20BEE%20Partnership%20delivers%20R15-Billion%20in%20Value

****

ANA – DECEMBER 2018

Motsepe said the partnership between Sanlam and Ubuntu-Botho has been one of the most successful empowerment partnerships in South Africa, creating value of over R14 billion for broad-based black shareholders when the first 10-year transaction matured.

Sanlam shareholders approve R2bn loan for Ubuntu-Botho in BEE share increase deal

Sanlam said its shareholders had approved a package of strategic empowerment transactions that included issuing five percent of its enlarged issued ordinary shares to a new broad-based group of empowerment shareholders and Ubuntu-Botho. 

In October, the financial services group and insurer said it planned to provide a R2 billion facility to its black-economic empowerment partner, Ubuntu-Botho or its subsidiaries, to support the execution of Sanlam’s empowerment strategy to be a diversified pan-African financial services group.

Ian Kirk, group chief executive, said this was a very strong vote of confidence that would enable Sanlam management to forge ahead with the implementation of the transactions.

“We believe these will be good for the company and for the country, enhancing our empowerment status and our long-term growth and sustainability while we continue to contribute to South Africa’s shared prosperity,” Kirk said.

“The board also took note of certain governance concerns raised in today’s climate of heightened governance standards and transparency and will continue to engage and improve on this as we continue to drive our strategy.”

The proposed share transfer transactions would increase economic inclusion as new broad-based beneficiary groups –  focused on black women and youth as well as Sanlam’s South African employees – would participate in 80 percent of the new shares to be issued while Ubuntu-Botho would participate in the remaining 20 percent.

As a result, Sanlam would increase its B-BBEE scoring to be a Level 1 contributor and would increase direct black ownership in Sanlam to over 18 percent; black economic ownership would be increased to over 35 percent. As measured in terms of the Financial Sector Code, this placed Sanlam in a strong position in terms of empowerment.

Ubuntu-Botho Investments is Sanlam’s empowerment partner and a financial services firm involved in asset management, private equity and insurance. It currently holds about 14.5 percent of Sanlam’s issued shares, currently valued at about R17 billion.

Ubuntu-Botho was founded by billionaire businessman Patrice Motsepe, who serves as deputy chairman of Sanlam and also owns black-owned financial services company, African Rainbow Capital.

The empowerment strategy would be achieved by enabling Ubuntu-Botho to acquire, directly or indirectly, an interest in specific operating subsidiaries of the Sanlam Group and would also facilitate investment by Ubuntu-Botho in financial services companies that complement the broader Sanlam Group’s vision and strategy.

Sanlam, or any of its wholly-owned subsidiaries, would also acquire a 25 percent stake in African Rainbow Capital financial services, which would assist it in the execution of its South African strategy.
***

There are various relevant articles to read and background information regarding “load shedding” – Eskom and who is behind this all …

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2019

Nersa and EskomEskom,

Nersa, Salga and Municipalities

Nersa and tariffs

Nersa

Eskom – Koketso Choma – Matshela Koko

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Eskom – “new plans from Ramaphosa”

Eskom : Ramaphosa – Motsepe – gas

Eskom: Ramaphosa – Mabuza

BBEE Trustfund Motsepe

B-BBEE – swart bemagtiging – Motsepe

Dr Motsepe

Precious Elizabeth Makgosi Moloi-Motsepe

Strangled Eskom “PYRAMID SCHEMES”

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3 gedagtes oor “Sanlam – Motsepe – Ubuntu-Botho – B-BBEE”

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