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South African Billionaire Jannie Mouton Donates $82 Million To His Foundation

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Mfonobong Nsehe
Mfonobong Nsehehttps://www.jozigist.co.za
Mfonobong Nsehe is currently Nigeria and Kenya advisor to Pilot Fish Media. He is also the CEO of Hodderway Group, a Kenyan-based private limited liability company focused on brokering and delivering attractive, large-ticket transactions in Africa to select blue chip international investment partners. He travels extensively across Africa every year, meeting and interviewing the continent's wealthiest entrepreneurs and tallying their net-worth for Forbes' annual rankings of the World's Richest People and Africa's Richest People. He is also a contributing writer for Jozi Gist. You can follow him @MfonobongNsehe and on Linkedin

South African billionaire Jannie Mouton has donated $82 million in PSG Group shares to his personal charity, the Jannie Mouton Foundation, according to a filing published Tuesday by the Johannesburg Stock Exchange News Service.

Mouton, 70, is the founder and chairman of PSG Group, a listed investment holding firm. PSG has interests in financial services, banking, private equity, agriculture and education.

The Jannie Mouton Foundation, which was founded only recently, aims to spend more than $6 million each year on various charitable activities in South Africa.

He started his career aged 22 as an articled clerk at PwC and subsequently qualified as a chartered accountant in 1973. In 1995, he was fired as managing partner by Senekal, Mouton & Kitshoff, a stockbroking firm he co-founded. He went on to found PSG Group, which today has a market cap of $4.5 billion. He has a current net worth of $1.06 billion according to Forbes Real Time Ranking.

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