Through African Rainbow Energy, Motsepe owns an indirect 40-percent stake in SOLA Group.
Patrice Motsepe
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Motsepe, South Africa’s richest black person, owns a 27-percent stake in African Rainbow Capital Investments.Â
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Motsepe expressed concerns about the soaring prices of these essential metal assets in the context of the clean energy transition.
- Southern Africa
Africa’s first Black billionaire Patrice Motsepe to receive $56 million in dividends from ARM
Motsepe, who founded ARM in 1997 as South Africa’s first Black-owned mining firm, presently owns a 40.37-percent stake in the company.
- Southern Africa
South African billionaire Patrice Motsepe’s ARM sees profits fall below $500 million
African Rainbow Minerals (ARM) is a South Africa-based diversified mining group led by influential billionaire Patrice Motsepe,
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Motsepe’s company expects to report 2023 fiscal year headline earnings of between $441 million and $495 million compared to $606 million in …
- Southern Africa
Africa’s first Black billionaire Patrice Motsepe proposes BRICS visas targeting entrepreneurs
Motsepe acknowledged governments’ legitimate reservations about safeguarding their sovereignty while fostering economic growth.
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Motsepe serves as the inaugural chairperson of the BRICS Business Charter in South Africa.
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From South Africa to Algeria, meet 10 of Africa’s richest football club owners.
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The decline in Motsepe’s net worth can be attributed to the downturn in the market value of his 39.7-percent stake in African …