African billionaire Dr Patrice Motsepe apologises for Trump comments at Davos dinner

By Dr Patrice Motsepe on his remarks to President Donald Trump at Davos dinner

I’m aware of the lively, diverse and at times emotional debate in the global media and on social media relating to my remarks to President Donald Trump at the dinner in Davos during the World Economic Forum.

The debate also exposed me to the views of Africans who disagreed with my remarks. I have a duty to listen to these differing views and would like to apologise. I do not have the right to speak on behalf of anybody except myself.

As a global philanthropist and business leader, I have for many decades, in South Africa and on the African continent, worked to bring together and unite people of different races, ethnic groups and members of different religious and faithbased organisations. I’ve worked with political, business, societal and other leaders whose views and policies I do not share and will continue to do so in Africa and globally.

My remarks at the dinner with President Donald Trump were partly aimed at encouraging discussions between the Trump Administration and African political and business leaders, particularly in the context of the increasing feedback from certain American political and business leaders that South Africa and some African countries are anti-America and its political leadership.

This perception has had an impact on our ability to attract foreign investments and create jobs.

Africa’s current population is 1.35 billion and it has the fastest growing youth (aged between 15 and 24) and total population in the world.

The unemployment rate in the 8 largest African economies measured by GDP is approximately 18%. South Africa which has the most industrialised and diverse economy in Africa has an unemployment rate of 29.1% and a youth (aged between 15 and 24) unemployment rate of 51%. 2 Africa has to create approximately 8 million new jobs for the youth every year and South Africa has to create in excess of 500 000 new jobs for the youth each year.

In order to do this and to provide skills and expertise and improve the living conditions and standards of living of millions of Africans, Africa will have to create partnerships and increase trade and investment ties between Africa and America and between Africa and other parts of the world.

A successful, prosperous and growing Africa is good and beneficial not only to the 1.35 billion people living in Africa but for the world. Africa and America to a very large extent, share common values and principles and have greater mutual interest than the issues or policies on which they disagree or have different views.

It is in the interest of South Africa and the rest of the African continent to build mutually beneficial socio-political, trade, investment and cultural ties between the economies and people of Africa and America and Africa and the world.

I am committed to continue making a humble contribution in this regard.

Partner Content

Disruptive digital solutions is rewiring the DNA of Banking

By Kennedy Mubita, Africa Head, SC Ventures. Imagine a bank whose customers can tap on a wearable device to...

The future of banking; digitization and collaboration as growth accelerants

By Kariuki Ngari, CEO & Managing Director, Standard Chartered, Kenya & East Africa COVID-19 has upended the social and...

Star Quality Speaker Line-Up at Africa Tech Festival 2020

Acknowledged as the world’s largest Africa-focused digital infrastructure and emerging tech event, the Africa Tech Festival has always attracted a stellar line-up of critical thinkers, analysts, futurists, keynote and inspirational speakers. 2020 will more than deliver on that reputation, with a stimulating array of visionary industry presenters, raconteurs and even some sporting greats.

Newsletter

Sign up for free newsletters and get more CNBC AFRICA delivered to your inbox