His success led sasol mining him to acquire marginal gold mines from AngloGold, leading to the formation of ARMgold and later African Rainbow Minerals (ARM) in 2004. Their dedication to positively impacting society was evident when they pledged R30 million ($2.04 million) in April 2022 to aid flood victims in KwaZulu-Natal. Billionaires.Africa has identified and cataloged various companies and holdings linked to Motsepe.
Businesses owned by Patrice Motsepe
Motsepe was named South Africa’s 5th richest man by Forbes with an estimated fortune of R33.9 billion. Patrice Motsepe, a renowned South African businessman and philanthropist, has been at the forefront of driving economic growth and empowerment in South Africa. As the founder and owner of various successful ventures, Motsepe has played a pivotal role in promoting inclusive entrepreneurship, fostering innovation, and contributing to the nation’s development. From mining to mobile networks, digital banking, and professional sports, Patrice Motsepe has built one of the most diverse business empires in Africa. His strategic investments continue to shape South Africa’s mining, telecoms, and financial sectors. Patrice Motsepe is the founder and chairman of African Rainbow Capital (ARC), an investment holding company that focuses on driving inclusive growth and transformation across various sectors.
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Patrice Motsepe is involved in the African sports industry and owns the soccer club Mamelodi Sundowns. Thlopie has become part of the club’s management structure and is set to https://www.capitecbank.co.za/ replace his father as the club’s President when Patrice Motsepe is elected President of the Confederation of African Football (CAF). Following his father’s example, Thlopie is contributing to South Africa’s development in various sectors, including sports and business. African Rainbow Infrastructure (ARI) is another subsidiary of African Rainbow Capital. ARI invests in infrastructure projects across Africa, including transportation, energy, and telecommunications. The company’s investments play a crucial role in driving economic growth and development.
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- Precious started her career as a medical emergency practitioner, focusing on children’s and women’s health.
- In 2016, he acquired a 20 per cent stake in Val de Vie Investments, which expanded his real estate holdings.
- Motsepe’s passion for sports and commitment to excellence is evident in the club’s performance.
From humble beginnings to building a vast empire, we’ll uncover his inspiring biography, tracing his journey to amassing millions and becoming a leading figure in African business. In August 2024, ARC invested a further R160 million in Rain, bringing its shareholding in the network operator to 21%. In the last six months of 2023, ARC invested another R81 million in Rain, taking its shareholding in the mobile operator to 20.75%. This would lead to the establishment of ARM in 2004 after ARMgold merged with Harmony and acquired Anglovaal Mining. A part of the company’s success was due to the worker remuneration system that consisted of a low base salary with a profit-sharing bonus. His first major career milestone was when he was appointed the first black partner at Bowman Gilfillian in 1994, after joining six years earlier.
Harmony Gold
Iron ore, manganese ore and alloys, platinum group metals, copper, nickel, and coal are all mined by the corporation. ARC’s primary objective is to acquire shareholdings in businesses that yield exceptional returns on equity. Through its operation, Motsepe maintains indirect investments in close to sasol mining 50 companies.
The company aims to drive economic https://personal.nedbank.co.za/ transformation and create sustainable value for its stakeholders. African Rainbow Minerals (ARM) is a leading South African mining company founded by Patrice Motsepe in 2004. With interests in gold, platinum, coal, and other precious minerals, ARM has played a pivotal role in the growth and development of the mining sector in South Africa. The Motsepe Foundation’s initiatives include providing scholarships, supporting small businesses, promoting entrepreneurship, and investing in community development projects.
Afonso é um profissional dedicado ao universo da corrida, com um foco especial na biomecânica e na nutrição esportiva. Como ex-atleta e formado em Fisioterapia, Afonso entende profundamente a importância de um bom par de tênis e uma dieta balanceada para um desempenho de corrida otimizado
