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Motsepe, who founded ARM in 1997 as South Africa’s first Black-owned mining company, owns 40 percent of the leading mining group.
ARM will invest $334 million per year in the development of the mine to get it up and running.
The leading businessman purchased the 28-hectare farm for between $5.5 million and $7.9 million.
Sanlam backed down from its ambitious pan-African expansion drive after failing to meet key conditions.
Bokoni, which was founded in 1969, was previously called Lebowa Platinum.
ARM is a leading South African diversified minerals company.
TymeBank, one of the world’s fastest-growing digital banks, has acquired 4 million customers in 32 months.
The acquisition marks a landmark deal in the fintech industry that will see Crossfin secure the requisite capital to pursue the next phase of its growth.
CSG offers staffing solutions, facilities management and personnel and industrial support in South Africa.
The deal will see ARM revive the abandoned mine in Limpopo Province, South Africa.
The value of stocks and funds on A2X Market more than doubled to $336 billion in the past 12 months.
The company’s merger with Absa Investments will result in one of the country’s largest Black-owned asset managers.
The partnership is part of the bank’s strategy to collaborate with retailers.
This latest fund follows an earlier $4-million Series-A funding round in 2020.
The loan will be used to enhance what could become South Africa’s second-largest source of phosphate rock.
The investment company has entered negotiations to add a fintech conglomerate to the group.