By Africa Links 24
Published on 2024-03-28 14:14:08
Bridgette Radebe, one of the wealthiest women in South Africa and a highly influential figure, has carved a successful path through the competitive world of business and navigated the complexities of South Africa’s black economic empowerment (BEE) policies. With a substantial portion of her wealth coming from shopping centers and luxury hotels, she is now shifting her focus towards investing in remote shopping centers and the country’s dilapidated border posts.
Having established her investment holding company, Motseng Investment Holdings, a quarter of a century ago, Radebe has worked tirelessly to grow the company and manage nearly R20 billion in assets. Looking ahead, she aims to double this figure in the next five years, despite the challenges faced by the South African economy, such as power cuts and outdated infrastructure.
As the upcoming elections in South Africa approach, there is uncertainty in the business community as the ruling ANC party faces scrutiny over its management of infrastructure and power issues. Radebe acknowledges the potential impact of a change in government and emphasizes the need for the private sector to adapt to any uncertainties that may arise.
In a bold move, Radebe has invested in the African arm of Mott Macdonald, a British engineering company, which has opened up new investment opportunities for her. She highlights the resurgence of public-private partnerships in South Africa, emphasizing the need for collaboration between the government and private sector to drive growth and development.
One of Radebe’s current ventures involves bidding to revamp South Africa’s border posts, aiming to address the congestion and inefficiencies that hinder trade. These efforts align with the goals of the African Continental Free Trade Area, which seeks to promote economic integration and open borders across the continent.
Reflecting on her journey through South Africa’s BEE policies, Radebe shares her early experiences of being used as a front for empowerment deals and emphasizes the importance of genuine empowerment for all South Africans. She acknowledges the shortcomings of the current BEE system and calls for a review that focuses on improvement rather than dismantlement.
As Radebe continues to expand her business empire, including ventures in rural shopping centers and skill development programs, she remains committed to driving positive change and economic growth in South Africa. Her resilience, determination, and visionary approach to business make her a formidable force in the country’s economic landscape.
With a history of turning challenges into opportunities and a commitment to empowering others, Bridgette Radebe is poised to continue making a significant impact in South Africa’s business world for years to come.
