Billionaire Patrice Motsepe’s GoTyme eyes $15 billion listing as it chases Capitec
Patrice Motsepe-backed GoTyme wants 30 million South African customers by 2036, enough to overtake Capitec, and eyes a listing valued above $15 billion.
African Rainbow Capital
How South African tycoon Martin Venter turned a rundown farm into the $900 million Val de Vie Estate
Former lawyer Martin Venter bought a run-down Cape wine farm for about R20 million and turned it into Val de Vie, a R15 billion estate.
South African billionaire Patrice Motsepe's GoTyme bank tops 13 million customers
GoTyme Bank, the former TymeBank backed by Patrice Motsepe's African Rainbow Capital, has passed 13 million customers and plans a credit card in 2027.
Billionaire Patrice Motsepe's Kropz to cut staff at $160m phosphate mine
Patrice Motsepe has put about $160 million into a phosphate mine outside Cape Town since 2018. It never reliably produced. Now Kropz is cutting its own staff, letting the mining contract lapse, and mothballing most of the plant.
Billionaire Patrice Motsepe’s phosphate mine hits trouble after $160 million investment
Billionaire Patrice Motsepe’s phosphate mine is under pressure as Kropz restructures its Elandsfontein operation after $160 million of investment.
Billionaire Patrice Motsepe's African Rainbow Capital wins South African ruling in $195 million graphite fight
Patrice Motsepe's African Rainbow Capital says a Johannesburg court cleared it of contract claims in a $195 million Tanzanian graphite dispute.
Tanzania court hears Pula witness testimony in $195 million graphite lawsuit against billionaire Patrice Motsepe's companies
Tanzania's High Court heard witness testimony from Pula Group this week in its $195 million graphite mining lawsuit against companies linked to South African billionaire Patrice Motsepe.
Patrice Motsepe's African Rainbow Capital is fighting a US company's bid to block a South African court from ruling on a $195 million Tanzania lawsuit
A US company is contesting Johannesburg high court jurisdiction in a $195 million lawsuit against Patrice Motsepe's African Rainbow Capital.
Patrice Motsepe's ARC backs US software giant Spinnaker's push into South Africa
Patrice Motsepe's African Rainbow Capital is backing US software support firm Spinnaker as it opens its first South African office in Johannesburg.
Patrice Motsepe’s firm says South African court can decide $195 million Tanzanian lawsuit
South African court weighs $195 million claim by Tanzanian firm Pula against Patrice Motsepe’s African Rainbow Capital.
Prudential’s exit plan tests Patrice Motsepe’s grip on Alexforbes
Prudential’s possible Alexforbes exit hands Patrice Motsepe a pivotal moment: tighten African Rainbow Capital’s control or share power with a new global investor.
Patrice Motsepe’s firm barred from phosphate asset
Conservationists have fought against the project from the start, warning it could cause lasting damage to one of South Africa’s most sensitive ecosystems.
Africa's first Black billionaire faces pressure to sell South African fresh food unit
South Africa’s Competition Commission has recommended ARC divest from one of the country’s largest fresh produce agencies.
Lesaka acquires Recharger, prepaid electricity firm, in $28-million deal
The deal, which strengthens Lesaka’s position in the fintech sector, involves the purchase of all Recharger's shares.
Patrice Motsepe faces $195-million lawsuit in Tanzania over alleged breach of contract
South African billionaire Patrice Motsepe faces a $195-million lawsuit in Tanzania over allegations of breaching a non-compete agreement, a case that could set a legal precedent for the country's mining sector.
Africa's first Black billionaire Patrice Motsepe’s investment firm surpasses $1 billion in net asset value
Motsepe owns an indirect 27-percent stake in ARC, contributing to his status as Africa’s first richest man.