South African billionaire Patrice Motsepe’s fortune jumps to $3.2 billion
According to Forbes estimates, his net worth rose from $3 billion in mid-March to $3.2 billion by late May.
Patrice Motsepe
Patrice Motsepe's Tyme Bank, Sanlam to launch retail credit venture
TymeBank and Sanlam are launching a 50-50 joint venture to expand digital credit access to underserved South Africans through unsecured loans and insurance.
Patrice Motsepe’s firm barred from phosphate asset
Conservationists have fought against the project from the start, warning it could cause lasting damage to one of South Africa’s most sensitive ecosystems.
Motsepe donates $10 million to support youth sports, education in Africa
The donation highlights his commitment to youth empowerment through sport and education across Africa.
South African billionaire Patrice Motsepe under pressure in $195 million lawsuit
The lawsuit threatens to derail ARC’s plans to delist and restructure, casting a shadow over the firm’s future.
How Africa’s billionaires lost billions: 5 costly investment blunders
Even billionaires make costly mistakes—overleveraging, overexposure, disruption, misjudgment, and poor due diligence can erase fortunes in months.
7 banks backed by African billionaires
With deep pockets and a sharp eye for opportunity, billionaire-backed banks are making a mark in corporate finance, wealth management, and financial inclusion.
Patrice Motsepe’s ARC Investments to re-domicile to South Africa after buyout
The move is aimed at consolidating control, unlocking shareholder value, and streamlining operations.
South African billionaire Patrice Motsepe’s $160 million phosphate mine faces legal battle
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.
South African billionaire Patrice Motsepe re-elected unopposed as CAF President
His leadership has reshaped CAF’s financial outlook, attracting record sponsorship deals and boosting revenue streams.
South African billionaire Patrice Motsepe’s net worth rebounds to $3 billion after $300 million gain
Motsepe’s net worth surged to $3 billion for the first time since August 2024, marking a significant recovery.
South African billionaire Patrice Motsepe’s ARM weighs sale of $821 million Harmony Gold stake
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.
South African billionaire Patrice Motsepe to pocket $25.4 million from mining business
This payout comes despite a 25% dividend cut amid falling earnings and financial strain in a volatile commodity market.
Patrice Motsepe’s African Rainbow Minerals sees profit halve as mining pressures mount
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.
South Africa’s largest gold miner, backed by Patrice Motsepe, posts $2 billion in half-year revenue
Harmony Gold posted $1.98 billion in H1 revenue, driven by surging gold prices, cost control, and a record dividend, despite a slight dip in production.
Ninety-One raises bet on mining firm of Africa’s first Black billionaire, stake tops $80 million
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.