Patrice Motsepe is set to pocket $24.6 million African Rainbow Minerals interim dividend
African Rainbow Minerals raised its interim dividend to 500 cents per share, putting R455 million into Patrice Motsepe's pocket.
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African Rainbow Minerals raised its interim dividend to 500 cents per share, putting R455 million into Patrice Motsepe's pocket.
Patrice Motsepe's African Rainbow Minerals doubled its profit in six months as platinum prices surged, putting previously shelved expansion projects back on the table.
Gold is trading above $5,400 an ounce. South Africa's mining billionaires may be the unlikely beneficiaries of a widening Middle East war
Patrice Motsepe's African Rainbow Minerals is joining a consortium to build a new manganese export terminal at Ngqura Port in the Eastern Cape.
South Africa's BEE policy created black billionaires like Patrice Motsepe and Cyril Ramaphosa, but left tens of millions behind.
Patrice Motsepe's ARM has swung back to profitability, posting R1.9 billion ($113.9 million) in operating profit as revenue climbed 31% to R8.4 billion ($503.9 million).
Patrice Motsepe's African Rainbow Capital is backing US software support firm Spinnaker as it opens its first South African office in Johannesburg.
A campaign website is pushing billionaire Patrice Motsepe for the ANC presidency in 2027, even as he repeatedly denies any political ambition.
South African billionaire Patrice Motsepe is back in national leadership conversations as the country debates its future, despite his repeated denials of political ambition
African Rainbow Minerals says interim headline earnings may rise up to 15 percent, while basic earnings could jump as much as 75 percent.
Calls are rising again for Patrice Motsepe to enter the ANC presidential race, as his ARM role change fuels fresh political speculation.
Patrice Motsepe’s move at ARM is feeding fresh ANC succession talk, with polling putting the billionaire ahead of party heavyweights.
ARM founder Patrice Motsepe has given up executive duties and will serve as non executive chair as the miner reshapes leadership.
Patrice Motsepe Sanlam Private Equity has taken majority control of Medhold, signaling renewed investment in Southern Africa healthcare sector.
Analysts believe Patrice Motsepe’s mining experience could help reverse South Africa’s long decline in exploration, output and investor confidence.
Patrice Motsepe appoints Maryke Burger as CEO of African Rainbow Minerals’ ferrous division as the company pushes ahead with restructuring and efficiency reforms.