South African billionaire Patrice Motsepe gains $270 million in 53 days from stake in ARM
Motsepe, who founded ARM in 1997 as South Africa’s first Black-owned mining company, owns 39.7 percent of the company.
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Motsepe, who founded ARM in 1997 as South Africa’s first Black-owned mining company, owns 39.7 percent of the company.
Patrice Motsepe is Southern Africa’s richest Black person.
Joubert has been the CEO of ARM’s Ferrous Division since July 2012.
Motsepe, the South African billionaire and current President of the Confederation of African Football (CAF) founded the mining firm in 1997.
The billionaire is one of the richest men in Africa.
Motsepe founded the mining enterprise in 1997 as South Africa’s first Black-owned mining firm.
ARM is a significant South African mining and minerals firm with holdings in a variety of mines.
The group announced that it will pay a final dividend of $1.40 per share, resulting in a total annual dividend of $2.10 per share.