Patrice Motsepe is a South African business giant with an extensive network of businesses across the mining, financial, and sports industries – making him one of the most influential businessmen in the country.
Motsepe’s rapid ascent in mining led to the 2002 public offering of African Rainbow Minerals , a company with diverse mining interests in platinum, coal, iron, copper, and gold. from his 40.37% ownership in ARM. This payout, scheduled for 9 October 2023, represents a notable decrease from the R1.78 billion in dividends he received last year when ARM reported a 7% decline in profit., Motsepe is worth an estimated $2.3 billion and is currently Africa’s ninth richest person.
Through ARC Investments, Motsepe has a shareholding in many of South Africa’s top financial, insurance, banking, telecoms, agricultural, and IT companies.
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Source: BusinessTechSA - 🏆 24. / 61 Read more »