Opera News

Opera News App

Haibo! So It Took Motsepe A Whopping R375 Million Just To Get A Mere 4.99% In This Company?

Denotecion
By Denotecion | self meida writer
Published 14 days ago - 11899 views

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 company called African Rainbow Capital, the company has either staked a percentage or acquired many companies since its inception in 2014. 

The popular companies most people know that were staked or acquired include Rain and TYME bank just to mention a few.

One of the less known companies Motsepe's ARC has invested in is the Alexander Forbes Inc, ARC paid a whopping R375 million to acquire a 4.99% stake. Alexander Forbes Inc is also an investment company focusing more new emerging markets.

What do y'all think?? Lemme know in the comments section

Wikipedia

https://en.m.wikipedia.org/wiki/Alexander_Forbes_Group_Holdings

Wikipedia

https://en.m.wikipedia.org/wiki/Patrice_Motsepe

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

Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform

YOU MAY LIKE

Titicaca water frog that has an excessive skin

3 minutes ago

0 🔥

Titicaca water frog that has an excessive skin

10 Celebs Who Hate Their Own Movies

17 minutes ago

4 🔥

10 Celebs Who Hate Their Own Movies

Emtee Owns two Fancy House - OPINION

20 minutes ago

2 🔥

Emtee Owns two Fancy House - OPINION

10 facts about Skeem Saam Actress, Amanda Du-pont

26 minutes ago

5 🔥

10 facts about Skeem Saam Actress, Amanda Du-pont

Interesting Things To Know About Uzalo Actress Sibongiseni Shezi Aka Hleziphi

32 minutes ago

8 🔥

Interesting Things To Know About Uzalo Actress Sibongiseni Shezi Aka Hleziphi

Checkout Photos Of five Nigerian Celebrities Who Wears Tattoo

33 minutes ago

0 🔥

Checkout Photos Of five Nigerian Celebrities Who Wears Tattoo

What 10 Famous People Resembled in their 20s

40 minutes ago

2 🔥

What 10 Famous People Resembled in their 20s

Inside Julius Malema's 40th Birthday - See The Top Musician Who Was Performing At The Party.

54 minutes ago

47 🔥

Inside Julius Malema's 40th Birthday - See The Top Musician Who Was Performing At The Party.

"It’s not always easy to be joyful, when you find time to smile enjoy it", said Thandiswa Mazwai

55 minutes ago

9 🔥

Boity came guns blazing on Kuli Roberts and fans were left shook

55 minutes ago

934 🔥

Boity came guns blazing on Kuli Roberts and fans were left shook

COMMENTS