South African billionaire Patrice Motsepe’s ARM reports lower earnings and revenue as iron ore prices decrease
ARM is a major South African mining and minerals company.
Patrice Motsepe
South Africa approves acquisition of Bokoni Mine by billionaire Patrice Motsepe’s ARM
The mining company announced that the multimillion-dollar transaction will go into effect on Sept. 1.
South African billionaire Patrice Motsepe’s net worth slumps by $400 million as rand tumbles
Despite his declining net worth, Motsepe remains one of South Africa’s richest men.
Billionaire Patrice Motsepe-linked Tyme Bank moves to acquire South African fintech lender, Retail Capital
TymeBank is owned in part by African Rainbow Capital Financial Services Holding, a Black-owned and -controlled company.
Patrice Motsepe-linked MetroFibre secures $298 million in debt funding from Standard Bank Group
MetroFibre is partly owned by African Rainbow Capital, an investment unit founded by Motsepe.
Billionaire Patrice Motsepe, Agri SA launch projects to drive growth in South Africa’s agro sector
The Motsepe Foundation facilitated $4.4 million in funding for the first two projects.
South African billionaire Patrice Motsepe looks to boost clean power generation sevenfold across Africa
The news comes a year after the his energy firm acquired a strategic 40-percent stake in SOLA Group.
South African billionaire Patrice Motsepe, wife join world leaders at 2022 WEF Annual Meeting in Davos, Switzerland
Motsepe is a member of the WEF Board of Trustees.
Patrice Motsepe beats out Strive Masiyiwa, reclaims title as Southern Africa’s richest Black businessman
Motsepe’s net worth has risen to $3.1 billion so far this year.
Patrice Motsepe-linked Sanlam signs JV deal with Allianz to form largest pan-African insurer
The new entity is expected to have a combined total group equity value in excess of $2.1 billion.
South African billionaire Patrice Motsepe loses over $320 million in less than one month
Motsepe, the South African billionaire and current President of the Confederation of African Football (CAF) founded the mining firm in 1997.
South African billionaire Patrice Motsepe donates $2 million to flood victims
Motsepe, a billionaire businessman, offered his assistance after witnessing the devastation caused by recent floods.
South African billionaire Patrice Motsepe’s net worth rises by $300 million in 11 weeks
The billionaire is one of the richest men in Africa.
Aga Khan-backed Jubilee acquires additional stake in Johann Rupert-linked SEACOM
SEACOM is privately funded and about 75-percent African-owned.
South African billionaire Patrice Motsepe to receive $69.6 million in dividends from ARM
Motsepe, who has been instrumental in the success of the South African miner, has a substantial 39.7 percent interest in the company.
South African billionaire Patrice Motsepe’s ARM posts $242 million in profit in H1 2022
Motsepe founded the mining enterprise in 1997 as South Africa’s first Black-owned mining firm.