As everyone probably knows by now, Patrice Motsepe is one of the fewest richest individuals we have in South Africa, according to Forbes and Bloomberg, he's estimated to be worth around a whopping $3 Billion which is gazillions when converted to the rand currency. Motsepe made most of his fortunes in the mining world, when he founded African Rainbow Mineral(ARM) in 1997, this came after he striked a deal whereby he was loaned 4 equipped mines with a promise that he'll pay back the money once he starts generating profits with the mines.
As everyone probably knows by now, Motsepe is one of the fewest wealthy individuals we have not only in South Africa but the world, period. Motsepe made most of his riches in mining, since launching African Rainbow Minerals(ARM) in 1997, Mr Motsepe has been on a winning rollercoaster filled with billions of dollars and randelas. Just when most people thought Motsepe would just stick to mining alone, Patrick proved them wrong by opening a company that's totally not related to mining at all. He opened an investment
As everyone probably knows, Motsepe and Johann Rupert are some of the richest individuals we have in the country. They could've been more richer but they're so kind hearted as they both signed the "Giving Pledge" in 2015 and since then, they've been donating most of their wealth to charity and other NGOs. Motsepe launched an investment company called African Rainbow Capital(ARC) in 2014, over the years ARC has been acquiring and investing in other companies. One of the companies it managed to acquire is called
As everyone probably knows by now, Rain is a data only network that's currently making waves in the telecommunications world as it offers really amazing unlimited data packages at a really cheap price affordable to most people.
Patrice motsepe purchases south african airline The Blue Bulls is South Africa’s only multiple winner of the prestigious Super Rugby competition, which includes regional teams from New Zealand, Australia and Argentina. But it has struggled in recent years with players leaving for overseas clubs who pay more. Super-rich SA duo Rupert, Motsepe to take majority share in Bulls ... The company said in a pre-listing statement last week that it will sell shares worth R4 billion in an initial public offering giving
As everyone probably knows by now, TYME Bank is the first digital bank in South Africa launched in 2015 by Deloitte with the help of the MTN Group.
South African billionaire and philanthropist Patrice Motsepe's company African Rainbow Capital(ARC) paid a whopping R1.7 Billion to acquire a 20% stake in the data only network, Rain Rain was launched in 2016 but Motsepe had to see some progress in its fundamentals and the profit/loss graph. Once everything fell into place and aligned with ARC's vision, Motsepe signed that cheque of a whopping R1.7 Billion to acquire the 20% stake in Rain during the end of 2017 In 2019 alone Rain had about 100 000 subscribers,
Now as everyone probably knows that Motsepe's company, African Rainbow Capital(ARC) acquired a stake in the South African fast growing network data company, but what a lot of people don't actually know is the amount of % of shares he owns in Rain ARC which is Motsepe's financial management company, bought 20% of Rain in 2017 after analyzing Rain's fundamentals and growth that showed the company might be big in the coming years. With Motsepe owning 20% of Rain, it means that he surely has a seat at the board
Tyme Bank has announced on it's social media platforms, that it has reached another monumental milestone in their journey to the top.The bank has announced that it has reached the 3 million mark in subscribers.
Image:aegonlife.com If you have always wanted to invest money but thought that you need tons of it to do so then you'd be thrilled to know that you can buy shares even with small amounts of money. Today I will give you steps to follow in order to begin your investment journey. The steps will be based on the most convenient and easy platforms you can use to invest in South Africa which is Easy Equities. What if I tell you that you can buy African Rainbow Capital investments share for R4.28, I know right ? AR
South Africa’s first black billionaire Patrice Motsepe has reportedly invested in TymeDigital, an online lender that has recently been awarded an operating license by the South African Reserve Bank. Sipho Mnguni You have seen the ads on multiple websitest that you visit on daily basis. But have you ever wondered who owns Tymebank. Tymebank is owned by African Rainbow Capital (ARC), an investment firm founded by Patrice Motsepe. Patrice Mostsepe became a billionaire in 2008, and was the first black person
As everyone probably knows by now that Patrice Motsepe partly owns the data only network, Rain, but what people don't know is the amount he paid to acquire the steadily rising network. Motsepe's investment company, ARC, invests only in companies either locally or internationally that shows potential to become profitable in the long run. Motsepe's ARC buys the company either fully or may just buy a stake. As of now, ARC owns a whole bunch of many companies, see some of the companies below. Now coming back to
Here's the tip, if you wanna know whether its a Motsepe company or not, just pay attention to this. Every Motsepe owned company begins with "African Rainbow ____(something). He first started with African Rainbow Minerals(ARM) in 1997, followed by African Rainbow Capital(ARC) in 2014 and the last one was in 2018 called African Rainbow Energy & Power(AREP). Now today we're just going focus on the newly established AREP, the company focuses mainly on acquiring companies that are involved in solar and renewable
As everyone probably knows by now, TYME Bank is th new kid on the block and is getting all th girls and attention away from th regulars.TYME Bank was lanched in 2015 by the funds of the MTN Group in partnership with Deloitte.
Patrice Motsepe buys shares ARM’s magnificent annals of growth has been expedited by audacious luck and astute government, as well as strong Black Economic Empowerment (BEE) credentials which have been a adult driver of its succession now. This has been block by endure instability in the mining sector, with earnings falling by 97% from 2014 to 2015. In May 2016, the party announced more job and leading suffering reductions at most of its trading operations, due to kind advantage prices. In 1997, with gold
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As everyone probably knots by now, Patrice Motsepe is one of the wealthiest individuals we have in South Africa.He made most of his fortunes in the mining sector after he launched African Rainbow Minerals in 1997.
Information just administrator Rain, in which African Rainbow Capital (ARC) has a 20% premium, has considered development to be client interest for its item expanded altogether.