Browsing: Tokyo Sexwale

In 2005 Willcox’s 4.4% interest in the formerly JSE listed and now defunct Mvela Group was estimated to be worth in the region of ZAR 118 million. This was the mainstay of his wealth.

Mining MX reported that Willcox trained as a lawyer, obtaining an LLB from the University of Cape Town. After a stint in the US, he returned to South Africa, where he became involved in commercial law. While structuring a transaction in 1998 involving diamond assets near Kimberley, Willcox first met Sexwale.

Black Economic Empowerment is an emotive topic in South Africa and southern Africa. Countries on the African continent were historically colonized by largely European countries that assumed control over political and economic control over their colonies. The colonies were governed through a political system of white minority rule where the settlers as it was exercised political control and ruled over the entire population. The natives of the land had little to no say politically, let alone any right to self-determination. When the wave of nationalism began to sweep over countries in Africa, and they began to gain independence, it did not take long for the liberators of those countries to realize that political control alone counted for nothing if they did not have economic means.