South African billionaire Patrice Motsepe gains $224 million in three weeks as ARM shares soar
ARM is a leading South African diversified minerals company.
Patrice Motsepe
Patrice Motsepe-linked Tyme Bank receives $70 million in investment from Tencent and CDC
TymeBank, one of the world’s fastest-growing digital banks, has acquired 4 million customers in 32 months.
South African billionaire Patrice Motsepe’s ARC to acquire Crossfin fintech platform
The acquisition marks a landmark deal in the fintech industry that will see Crossfin secure the requisite capital to pursue the next phase of its growth.
South African billionaire Patrice Motsepe’s ARC moves to buy, delist CSG Holdings
CSG offers staffing solutions, facilities management and personnel and industrial support in South Africa.
South African billionaire Patrice Motsepe’s ARM set to acquire Bokoni Platinum Mine
The deal will see ARM revive the abandoned mine in Limpopo Province, South Africa.
Patrice Motsepe-backed South African stock exchange company expects to break even in 2023
The value of stocks and funds on A2X Market more than doubled to $336 billion in the past 12 months.
Billionaire Patrice Motsepe’s Sanlam finalizes deal to create massive South African money manager
The company’s merger with Absa Investments will result in one of the country’s largest Black-owned asset managers.
Patrice Motsepe’s TymeBank partners with The Foschini Group, eyes 26 million South African customers
The partnership is part of the bank’s strategy to collaborate with retailers.
Sun Exchange secures $2.5 million from Patrice Motsepe-backed Africa Renewable Power Fund
This latest fund follows an earlier $4-million Series-A funding round in 2020.
Billionaire Patrice Motsepe’s ARC Fund commits $13.2 million for Elandsfontein phosphate project
The loan will be used to enhance what could become South Africa’s second-largest source of phosphate rock.
Patrice Motsepe’s African Rainbow Capital sets aside $24.7 million for aggressive expansion into fintech space
The investment company has entered negotiations to add a fintech conglomerate to the group.
Patrice Motsepe’s phosphate maker to launch operations after activist appeal dismissed
The appeal was raised by the West Coast Environmental Protection Association.
Patrice Motsepe’s Sanlam plans strategic acquisitions to strengthen its Africa operations
Sanlam seeks to acquire Alexander Forbes and an additional 22.8-percent stake worth R2 billion in Saham Assurance Maroc.
South African tycoon Patrice Motsepe to pocket $126.2-million dividend from ARM
The dividend will be paid from ARM’s earnings at the end of its 2021 financial year.
Mining tycoon Patrice Motsepe’s ARM records 136-percent growth in headline earnings for 2021
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.
Patrice Motsepe-linked TymeBank launches new subsidiary in Philippines
The move comes after the bank received a digital banking license from the Philippines Central Bank.