All The Companies Patrice Motsepe Owns

Founded in 1997, ARM has established a strong presence in the mining sector, with interests in gold, platinum, coal, and other commodities. The company’s commitment to responsible mining practices, safety standards, and sustainable development has earned sasol limited it recognition within the industry. ARC is a subsidiary of Ubuntu-Botho Investments, a broad-based black empowerment investment holding company that is Sanlam’s empowerment partner. In 1994, Patrice Motsepe etched his name in history as the first black partner at Bowman Gilfillan, a legal firm.

• Billionaires.Africa has identified and cataloged various companies and holdings linked to Motsepe.
• According to Forbes ‘ World’s Billionaire list, Motsepe’s estimated net worth was $2.8 billion (R52 billion) as of Monday, 10 February 2025.
• So, we think we’re just at that point where we’re now going to start seeing hypergrowth in profitability.
• According to Motsepe, renaming the club to Mamelodi Sundowns was a nod to its heritage in Atteridgeville, Eersterus, Laudium, and the club’s home in Mamelodi.
• He is also known for his philanthropic endeavours, having established the Patrice Motsepe Foundation, which focuses on education, healthcare, and community development in South Africa.
• He went on to complete a law degree specialising in mining and business at the University of Witwatersrand.

Net Worth

They have three children.27 https://www.absa.co.za/ He is the brother of Tshepo Motsepe and Bridgette Radebe, and the brother-in-law of both President Cyril Ramaphosa and Minister Jeff Radebe. Another major success in the ARC stable is TymeBank, which has seen explosive customer growth since launching in early 2019. However, it didn’t operate a fully-fledged mobile network until mid-2024, when it launched RainOne, combining 4G mobile SIMs with its fixed-5G packages. The mobile network operator initially focused on uncapped 4G products but became the country’s first mobile network to launch fixed-5G broadband. ARMgold paved the way for Motsepe to establish African Rainbow Minerals (ARM) in 2004 after ARMgold merged with Harmony and scooped up Anglovaal mining.

Poultry industry calls for immediate action to avoid bird flu disaster

Owning and developing properties can be a lucrative source of income, and it complements his investment portfolio. In this blog post, we will delve deeper into Patrice Motsepe’s life, exploring his entrepreneurial journey, family, properties, foundation, and net worth. Join us as we take a closer look at the https://www.bidvestbank.co.za/ remarkable story of a man who has achieved greatness in different aspects of life. It launched a fully-fledged mobile network in mid-2023, with 4G SIMs available exclusively in a bundle with its 5G packages called RainOne. Initially focused on uncapped LTE products, Rain became the country’s first mobile network to offer fixed-5G connectivity in 2019.

Mining

With a passion for supporting South African entrepreneurs, Morris aims to inspire and inform readers while celebrating the innovative spirit of the sasol core values local business community. In the real estate sector, African Rainbow Capital owns a shareholding in ARC Real Estate, Barlow Park, Majik and Val de Vie. When the deal came to an end in 2014 after the debt was paid, UBI acquired a 13.5% stake in Sanlam. UBI has an 18.1% voting stake in Sanlam as its empowerment partner, with Motsepe personally owning 55% of UBI.

Gauteng heists drop, but spread nationally

They have also won the Nedbank Cup four times, and hold the joint record of three National Football League Championships. They are the first South African team to compete in the FIFA Club World Cup, where they finished in 6th place. Entrepreneurs.ng work with established businesses, aspiring entrepreneurs, and those looking to scale across various https://www.tradingview.com/ industries—product-based, service-based, and beyond.