Newly-elected Confederation of African Football (CAF) President, Patrice Motsepe, on Tuesday outlined his plans for the future of football on the continent, saying funding is crucial to the sport’s success.
The South African billionaire was confirmed as the head of the organisation on Friday. He said it is important that South Africa’s national side reaches its potential “just like every other African country”.
“During the next World Cup and also future World Cups, we want African nations to compete and it is why it is included in our manifesto. It’s part of our plan that an African team must win a World Cup.”
He added that it is important to get the private sector involved in African football and “businesses need to sponsor football tournaments throughout the continent”.
In February, Motsepe unveiled a 10-point plan to grow the sport throughout the continent.
The 58-year-old mining magnate has indicated that he intends moving CAF’s headquarters from Cairo to Johannesburg.
Motsepe, who has an estimated fortune of US$2 billion, is the founder and executive chairman of African Rainbow Minerals, which has interests in gold, ferrous metals, base metals, and platinum. He sits on several company boards, including being non-executive chairman of Harmony Gold, the world’s 12th largest gold mining company.
In 2003, he became the owner of leading Pretoria football club Mamelodi Sundowns. In 2012, he was named South Africa’s richest person. The following year, he joined The Giving Pledge, committing to give half of his wealth to charitable causes. (PANA/NAN)