Philip Tobias: South African executive leading Patrice Motsepe’s billion-dollar group
In recent years, Tobias has established himself as a renowned mining engineer with extensive industry expertise.
Patrice Motsepe
South African billionaire Patrice Motsepe’s TymeBank hits 8 million customers
Motsepe boasts a net worth of $2.2 billion, making him the richest Black billionaire in Southern Africa.
Africa’s first Black billionaire Patrice Motsepe faces $900-million loss in 2023
Despite this recent decline in his net worth, Motsepe retains his status as the wealthiest Black individual in Southern Africa.
Firm linked to Africa’s first Black billionaire Patrice Motsepe to build $132-million solar plant
Through African Rainbow Energy, Motsepe owns an indirect 40-percent stake in SOLA Group.
South African billionaire Patrice Motsepe’s ARC Investments increases portfolio value
Motsepe, South Africa’s richest black person, owns a 27-percent stake in African Rainbow Capital Investments.
South African billionaire Patrice Motsepe’s ARM pursues lithium and copper assets
Motsepe expressed concerns about the soaring prices of these essential metal assets in the context of the clean energy transition.
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.
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,
South African billionaire Patrice Motsepe’s ARM expects decline in FY23 earnings
Motsepe’s company expects to report 2023 fiscal year headline earnings of between $441 million and $495 million compared to $606 million in the 2022 financial year.
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.
Patrice Motsepe advocates for BRICS partnerships to drive Africa’s growth
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.
Africa’s first Black billionaire Patrice Motsepe hit by $200-million loss
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 Rainbow Minerals.
Patrice Motsepe’s mining empire suffers $1.1-billion market value wipeout in 2023
The $1.1-billion market value wipeout also impacted Motsepe’s net worth, bringing it below $2.4 billion earlier this year.
Africa’s first Black billionaire Patrice Motsepe’s net worth rebounds with $200-million surge
Motsepe’s substantial stake of 89,092,411 ordinary shares in ARM constitutes most of his current $2.6-billion fortune.
South African billionaire Patrice Motsepe’s ARC acquires minority stake in GoSolr, boosting solar energy push
With this latest acquisition, ARC reinforces its commitment to building a greener future.