Sanlam, backed by Patrice Motsepe, posts $636-million profit in H1 2024
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.
Patrice Motsepe
South African insurer seeks $135-million stake in Patrice Motsepe's ARC FSH
Sanlam Life, a subsidiary of Africa's leading insurer Sanlam, has announced plans to acquire a 25-percent stake in ARC Financial Services Holdings.
Digital bank backed by Africa’s first Black billionaire Patrice Motsepe eyes $1-billion valuation
TymeBank, controlled by Motsepe, expects to complete a $150-million funding round by the fourth quarter.
Digital bank backed by Africa’s first Black billionaire hits 12.4 million customers in South Africa, Philippines
This achievement comes less than a decade after its inception and is bolstered by a significant $110 million secured in its Series C capital raise finalized in January 2024.