“This is the largest single contribution made by the private sector to combat rhino poaching and wildlife crime,” she said in a statement.
“We welcome this public-private partnership to help ensure the survival of the species.”
The Dutch Postcode Lottery donated R217m towards the initiative, and the Swedish Postcode Lottery R15.2m.
The government, SA National Parks and Ezemvelo KZN Wildlife were working with the Peace Parks Foundation, a non-profit environmental organisation, to stop rhino poaching and wildlife crime.
Most of the donated funds would be spent on enhancing existing efforts to protect rhino in South Africa.
“The main focus will be the devaluation of the horns of live rhino, through a combination of methods, including the physical devaluation and contamination of the horn, as well as the use of tracking and monitoring technology,” Molewa’s spokesman Albi Modise said.