Sign in
Download Opera News App

Economy&Finance

 

Business

 

Business Management analysis

Sée the only company Motsepe built from ground zero

Now as much as Motsepe may be a billionaire and own many companies including ARM, Sundowns, Rain etc, there's actually only one company that he built from ground zero to a high level status and that's African Rainbow Capital(ARC)

Now this may actually confuse a lot of people but Motsepe actually got his first company via an inheritance from his parents which is the popular mining company, African Rainbow Minerals(ARM). The other many companies including Sundowns, Rain, TYME BANK etc, he got them through acquisitions or buying them out.

In April 2016, Motsepe along with two other executives, officially launched African Rainbow Capital which is a financial management firm. In September 2017, ARC officially went public and opened at R8.68 per share, as of now a single ARC share is trading at R302 per share.

Now through ARC Motsepe has been able to acquire a stake or the whole company with the below

Source

umaizi

Content created and supplied by: Jaskier (via Opera News )

ARC ARM African Rainbow Minerals( Motsepe Sée

COMMENTS

Load app to read more comments