Patrice Motsepe’s ARM hedges part of $1.1 billion Harmony Gold stake
Although ARM remains a committed long-term investor in Harmony Gold, the company has taken steps to improve liquidity.
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Although ARM remains a committed long-term investor in Harmony Gold, the company has taken steps to improve liquidity.
The partnership aims to combine Ninety One’s investment expertise with Sanlam’s distribution network to improve operational scale and client outcomes.
According to Forbes estimates, his net worth rose from $3 billion in mid-March to $3.2 billion by late May.
TymeBank and Sanlam are launching a 50-50 joint venture to expand digital credit access to underserved South Africans through unsecured loans and insurance.
Conservationists have fought against the project from the start, warning it could cause lasting damage to one of South Africa’s most sensitive ecosystems.
The donation highlights his commitment to youth empowerment through sport and education across Africa.
The lawsuit threatens to derail ARC’s plans to delist and restructure, casting a shadow over the firm’s future.
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The move is aimed at consolidating control, unlocking shareholder value, and streamlining operations.
The lawsuit challenges the decision to dismiss appeals against an offset exemption granted to Elandsfontein, which is 90 percent owned by ARM through Kropz Plc.
His leadership has reshaped CAF’s financial outlook, attracting record sponsorship deals and boosting revenue streams.
Motsepe’s net worth surged to $3 billion for the first time since August 2024, marking a significant recovery.
The company, which has been expanding into renewable energy, is weighing whether to hold or offload its 11.8 percent stake in Harmony, South Africa’s largest gold miner.
This payout comes despite a 25% dividend cut amid falling earnings and financial strain in a volatile commodity market.
The company’s headline earnings fell 49 percent to R1.52 billion ($83.43 million), down from R2.96 billion ($162.2 million) a year earlier.