South African gaming tycoon and philanthropist Martin Moshal has extended his support to the ActionSA political party by donating a staggering R11 million (about $560,000).
The generous contribution was made through Moshal’s esteemed charitable organization, the Martin Moshal Foundation, according to the latest financial disclosures filed with the Electoral Commission of South Africa for the 2022-2023 fiscal year.
ActionSA, founded in 2020 by former Johannesburg mayor Herman Mashaba, aims to liberate South Africa from the constraints of a broken political system and pave the way for a prosperous, non-racial, and secure future for all citizens.
With this significant funding injection, Moshal seeks to bolster the party’s mission and expedite its efforts in bringing about positive change.
What you should know about Martin Moshal
Moshal holds a prominent position in the South African gaming industry and is widely recognized as the creator of the first-ever online casino platform.
Over the past 25 years, he has played a pivotal role in the African tech ecosystem, establishing and exiting numerous startups.
In 2021, Moshal through Entree Capital, a venture capital firm managing $1.25 billion across various funds, facilitated Anchor, an innovative autonomous billing platform in the United States, to secure $15 million in seed funding.
This investment aims to enhance the platform’s capabilities and optimize its end-to-end billing and payments solution, revolutionizing invoicing, payment management, and reconciliation processes.
Martin Moshal: A visionary entrepreneur making waves in Africa’s education and political landscape
Beyond his entrepreneurial achievements, Moshal is renowned for his commitment to philanthropy and empowering individuals across the African continent.
In 2009, he established the Moshal Scholarship Program, dedicated to supporting determined and resilient students from disadvantaged backgrounds in obtaining university degrees.
This initiative not only equips recipients with sought-after qualifications but also imparts valuable soft skills and values essential for successful and fulfilling professional careers.
Moshal’s substantial donation to ActionSA reaffirms his dedication to fostering positive change within South Africa’s political landscape.
The funds provided by the Martin Moshal Foundation will enable ActionSA to amplify its advocacy, engage with voters, and implement strategies aimed at addressing the nation’s challenges head-on.