Motsepe owns 12.1% of Harmony Gold, the 12th largest gold mining company in the world, with mining operations in South Africa, and Papua New Guinea. In recent years, Motsepe has expanded beyond mining, making major investments in telecoms, digital banking, and financial services through African Rainbow Capital (ARC) and Ubuntu-Botho Investments (UBI). Patrice Motsepe is a significant shareholder and board member of Sanlam, one of South Africa’s leading financial services groups. Sanlam provides a comprehensive range of insurance, investment, and wealth management services to individuals, businesses, and institutions. Motsepe’s leadership in ARM has not only contributed to South Africa’s mineral wealth how to buy sasol shares but has also prioritized local economic empowerment. Through ARM’s social investment programs and partnerships, Motsepe has focused on supporting local communities, creating employment opportunities, and fostering skills development.
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African Rainbow Capital Pty Ltd (Private Equity) (African Rainbow Capital) is a private equity subsidiary of African Rainbow Capital Investments Ltd founded in 2015 by Patrice Tlhopane Motsepe. In August 2024, ARC invested a further R160 million in Rain, bringing its shareholding in the network operator to 21%. Regarding his education, Motsepe went to a boarding school in the Eastern Cape before studying for a Bachelor of Arts degree at the University of Swaziland. Morris Masipa is the founder and content strategist behind Entrepreneur Hub SA, a dynamic business blog he launched in 2020. With a passion for supporting South African entrepreneurs, Morris aims to inspire and inform readers while celebrating the innovative spirit of the local business community. 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.
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Those in the business world will know Motsepe has various other shareholdings in companies serving various industries. Patrice Motsepe is one of South Africa’s most successful businessmen, https://www.easyequities.co.za/ with an estimated net worth of around $3 billion (R55.35 billion). Motsepe’s journey serves as an inspiration to aspiring entrepreneurs and a testament to the transformative power of passion, perseverance, and purpose. His unwavering commitment to success and his dedication to making a difference exemplifies the epitome of leadership and philanthropy in the African business landscape.
- As president of the Confederation of African Football and vice president of FIFA, he redefines leadership on and off the field.
- The company was founded by Patrice Tlhopane Motsepe, Johan van Zyl, and Johan van der Merwe on April 14, 2016 and is headquartered in Sandton, South Africa.
- In summary, Patrice Motsepe’s wealth results from a multifaceted approach to business and finance.
Early life and education
More deals followed, including a merger with Harmony Gold Mining to form the world’s fifth-largest gold producer. In 1997, when gold prices were low, Motsepe ventured into mining by buying shafts from Anglo Gold and establishing African Rainbow Minerals. After completing school, he completed a BA degree at the University of Swaziland and a law degree at the University of the Witwatersrand. This business experience and exposure to the mining industry would serve him well in his future endeavours. Listen to the story of Cyril Ramaphosa’s rise to presidential power, narrated by our very own Alec Hogg.
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Founded in the 1970s, the team plays its home games in the Loftus Versfeld Stadium and Lucas Masterpieces Moripe Stadium. They sasol south africa ltd were the 2016 CAF Champions League champions and 2016 CAF Club of the Year. 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.
Following his father’s example, Thlopie is contributing to South Africa’s development in various sectors, including sports and business. He is the chairman of the multinational company Motsepe Group, which has interests in various sectors such as mining, sports, automotive, and technology. He has been a driving force behind the growth and expansion of the company, which has a market capitalization of over $1 billion. His influence extends beyond the mining industry with numerous positions on company boards, including non-executive chairman of Harmony Gold and deputy chairman of Sanlam. Patrice Motsepe’s remarkable journey serves as a testament to his entrepreneurial prowess and strategic vision.
In the same year, Motsepe won two major awards, South Africa’s Business Leader of the Year, where he was voted by https://www.liberty.co.za/ the chief executive officers of the top 100 companies in South Africa. And also, the winner of the Ernest & Young Best Entrepreneur of the Year Award. After this success, in the year 2000, Motsepe partnered with Anglo Platinum, the world’s largest platinum producer. This partnership was a 50 – 50 ratio, and together, they created the largest platinum-producing mines in South Africa.
Dive into his diverse empire spanning mining, telecoms, and beyond, illuminating the power of resilience and vision. This solar facility, with a maximum potential output of 132MWp, will play a crucial role in supplying energy to African Rainbow Minerals’ platinum mining operations. The project aims to deliver sustainable energy to support these mining operations through a long-term power purchase agreement and utilising the national grid. It’s important to note that the Bishopscourt mansion is just one of the luxurious properties owned by Patrice Motsepe in South Africa. In 2016, he acquired a 20 per cent stake in Val de Vie Investments, which expanded his real estate holdings. He also owns an estate called Val de Vie Evergreen, known for its equestrian farm, golf courses, restaurants, wineries, and wellness centres.
Very little is known about Kabelo, including his education, date of birth, and career path. However, he was recently seen in a viral video with his brothers and mother, congratulating their father on his election as the CAF president. During his childhood, Kabelo lived with his family in Johannesburg, but his father owns other properties, including a lavish home in Cape Town.
