Patrice Motsepe's African Rainbow Minerals profit jumped twelve-fold to $248 million
African Rainbow Minerals lifted revenue 25% to R16.3 billion and swung from a gross loss to R4.4 billion profit in the year to June 30.
African Rainbow Minerals
South African billionaire Patrice Motsepe's ARM faces a fresh appeal in $195 million case
A Tanzanian judge struck out Pula's $195 million claim against Patrice Motsepe on Aug. 7 without ruling on the merits. Pula has now appealed.
Billionaire Patrice Motsepe triumphs as Tanzanian court strikes off $195 million claim
The High Court of Tanzania removed the claim from its roll over unjoined parties, leaving the underlying allegations against Patrice Motsepe's companies undecided.
Patrice Motsepe's ARM has lost 21% this year as analysts question his platinum bet
ARM has fallen 21% this year while Anglo American and BHP gained, as analysts question the R15.2 billion revival of the Bokoni platinum mine.
Billionaire Patrice Motsepe's ARM bets $912 million on platinum, reopening the mine it shut
Patrice Motsepe's African Rainbow Minerals will spend $912 million redeveloping the Bokoni platinum mine it closed last year, betting on a supply shortage.
Billionaire Patrice Motsepe rules out South African presidency and FIFA bid in double denial
Billionaire Patrice Motsepe has ruled out running for South Africa's presidency, and separately rejected any interest in leading FIFA after Gianni Infantino.
South Africa's richest black person loses $700 million in 3 months
A gold price crash and a 34% Harmony Gold selloff have erased $700 million from Patrice Motsepe's fortune since March, Forbes data shows.
Norway's sovereign wealth fund acquires 5% stake in South African billionaire Patrice Motsepe's ARM
Norges Bank, manager of Norway's $1.8 trillion sovereign wealth fund, has disclosed a 5.02% stake worth approximately R3 billion in Patrice Motsepe's African Rainbow Minerals.
South African billionaire Patrice Motsepe's ARM seals Boliden off-take deal that could restart Nkomati nickel mine
Patrice Motsepe's African Rainbow Minerals has signed a conditional nickel off-take deal with Sweden's Boliden, opening the door to restarting its mothballed Nkomati mine.
South African billionaire Patrice Motsepe shields African Rainbow Minerals brand in fresh trademark win
Patrice Motsepe has scored another trademark win as South Africa's Companies Tribunal forced a Durban firm to strip the African Rainbow name from its registration.
Patrice Motsepe's ARM hauls Durban-based African Rainbow Star before tribunal over trademark infringement
Patrice Motsepe's African Rainbow Minerals has hauled a Durban-based company before the Companies Tribunal, accusing it of infringing several of its registered trademarks.
Patrice Motsepe's African Rainbow Minerals wins trademark fight against Durban company using similar name
Patrice Motsepe's African Rainbow Minerals has won a Companies Tribunal ruling ordering Durban-based African Rainbow Star to change its name or face forced renaming within 30 days.
South African billionaire Patrice Motsepe's ARC wins ruling in $195m Tanzania graphite lawsuit
The Gauteng High Court has ruled that Patrice Motsepe's African Rainbow Capital cannot be sued for $195 million by US firm Pula Group over an alleged breach of a confidentiality agreement tied to a Tanzanian graphite project, handing Motsepe a significant but partial legal victory.
Patrice Motsepe's African Rainbow Minerals is buying a stake in Canadian copper explorer Surge Copper Corp
Patrice Motsepe's African Rainbow Minerals is buying a near-20% stake in Canadian copper explorer Surge Copper Corp through a CAD3.98 million private placement.
Motsepe tops the ANC poll as South Africa 2027 race heats up
A new poll has placed Patrice Motsepe far ahead of all rivals in South Africa's ANC race, despite his rejection of any political ambition.
Patrice Motsepe emerges as top pick to lead ANC and become South Africa's next president
Billionaire Patrice Motsepe is the frontrunner to lead the ANC and become South Africa's next president, according to a leading political analyst.