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The move boosts Ninety One’s stake from 3.5 percent to 5 percent, reinforcing its investment strategy even as the miner reports its weakest earnings in seven years.
The decline follows a steep 16 percent drop in ARM’s share price over the past five days, with the stock sliding from R162 ($8.8) to R135 ($7.33).
African Rainbow Minerals (ARM), led by Motsepe, forecasts a 55% drop in headline earnings on weaker iron ore prices.
Patrice Motsepe’s ARC raises its stake in JSE-listed Alexforbes to $264.34 million, reinforcing its influence in South Africa’s financial services sector.
From thriving city centers to expanding suburban areas, demand for both residential and commercial properties is growing steadily.
Sanlam partners with Fedhealth to provide integrated healthcare, insurance, and investment solutions, expanding affordable healthcare access to South Africans.
Lesaka’s H1 2024 revenue rose to $292.36 million from $279.98 million a year earlier, but mounting costs hit profitability.
South Africa’s Competition Commission has recommended ARC divest from one of the country’s largest fresh produce agencies.
The decline in Patrice Motsepe's wealth has been spurred by the recent drop in the market value of his mining investments.
Tyme Group has raised $250 million in its latest funding round, boosting its valuation to $1.5 billion and positioning it among Africa’s few unicorns.
The deal, which strengthens Lesaka’s position in the fintech sector, involves the purchase of all Recharger's shares.
The move, positions Sanlam to leverage MultiChoice’s broad subscriber base and payment systems to expand its financial services offerings across Africa.
Resilient performance showcases double-digit growth across key metrics and strong global expansion.
This marks a $300 million increase in Motsepe's fortune so far in 2024, up from $200 million at the start of November.
South African billionaire Patrice Motsepe faces a $195-million lawsuit in Tanzania over allegations of breaching a non-compete agreement, a case that could set a legal precedent for the country's mining sector.
The Johannesburg-based miner attributed this growth to increased gold sales and a favorable pricing environment.