RMB Morgan Stanley forecasts strong returns for South African stocks, citing companies like African Rainbow Minerals and Northam Platinum.
Patrice Motsepe
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- Hot News
TymeBank, backed by Africa’s first Black billionaire Patrice Motsepe, eyes affluent market
South Africa’s TymeBank, backed by billionaire Patrice Motsepe, is expanding beyond its mass-market focus to target affluent customers.
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Since the year began, his net worth has climbed $500 million, solidifying his position among Africa’s wealthiest individuals.
- Southern Africa
South Africa’s first Black billionaire leads country’s political donations with over $1.7 million
Mining tycoon’s companies fund multiple political parties.
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With strategic investments and a resurgence in the value of his core assets, Motsepe’s fortune continues to grow, reaffirming his status as …
- Southern Africa
Sanlam backed by Africa’s first Black billionaire Patrice Motsepe makes $65.9-million acquisition
This transaction is expected to be finalized by Jan. 31, 2025, subject to regulatory approvals, allowing MultiChoice to retain a 40-percent share …
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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.
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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 …
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Africa’s first Black billionaire Patrice Motsepe’s ARM completes $3 million share purchase in Canadian firm
The acquisition marks a significant milestone for ARM, underlining its strategic move into high-growth potential mining ventures.
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Motsepe’s fortune peaked above $3 billion in May, but a $200 million decline linked to his stake in African Rainbow Minerals (ARM) …