Africa’s first Black billionaire Patrice Motsepe to receive $45.2-million dividend from ARM
The dividend payout reflects a 25-percent decrease from the R1.08-billion ($60.3 million) dividend he received the previous year.
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The dividend payout reflects a 25-percent decrease from the R1.08-billion ($60.3 million) dividend he received the previous year.
The move is part of a broader strategy to capitalize on growth opportunities in one of the world’s fastest-growing major economies.
ARM, led by Africa’s first Black billionaire Patrice Motsepe, reports its lowest profit in seven years due to rising costs and a tough operating environment.
Sanlam, partly owned by Patrice Motsepe, reports a $636-million profit for the first half of 2024, fueled by strong performance across its diverse business segments.
Sanlam Life, a subsidiary of Africa's leading insurer Sanlam, has announced plans to acquire a 25-percent stake in ARC Financial Services Holdings.