His journey to success began in 1997 when he founded African Rainbow Minerals, https://personal.nedbank.co.za/ a groundbreaking Black-owned mining corporation based in South Africa. More deals followed, including a merger with Harmony Gold Mining to form the world’s fifth-largest gold producer. Five years after starting the company, Motsepe’s African Rainbow Minerals, which initially focussed on gold mining, was listed on the JSE. In 1997, when gold prices were low, Motsepe ventured into mining by buying shafts from Anglo Gold and establishing African Rainbow Minerals. This business experience and exposure to the mining industry would serve him well in his future endeavours. It covers the spectrum of corporate and commercial law, banking and finance law and dispute resolution services.
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In 2013, he joined The Giving Pledge alongside Bill Gates and Warren Buffet, where he committed to give half his wealth to charitable causes. And in 2018, he https://www.sanlam.co.za/ pledged a further $250 million towards land reformation in South Africa. 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.
- Patrice was born on the 28th of January 1962, to Augustine and Key Motsepe.
- Dive into his diverse empire spanning mining, telecoms, and beyond, illuminating the power of resilience and vision.
- The International Council on Mining & Metals is based in London, UK.
- On an international level, Motsepe is a member of the Board of Trustees of the World Economic Forum (WEF), the Global Network Advisory Board of the WEF Centre for the Fourth Industrial Revolution and the WEF International Business Council (IBC).
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Motsepe’s first tertiary qualification was a BA degree at the University of Swaziland. He went on to complete a law degree specialising in mining and business at the University of Witwatersrand. These include telecoms, insurance, asset management, agriculture, energy, and real estate businesses, which fall under the African Rainbow Capital (ARC) umbrella. He earned a Bachelor of Arts degree at the University of Swaziland and a law degree from the University of the Witwatersrand.9 He specialised in mining and business law. Patrice Motsepe was born to Kgosi Augustine Motsepe, a chief of the Mmakau branch of the Tswana people, who had previously been a schoolteacher and who was later a small businessman as the owner of a Spaza shop which was africa gold capital investment popular with mine workers. It was from this shop that Motsepe learned basic business principles from his father, as well as first-hand exposure to mining.
Anglo Platinum
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. The International Council on Mining & Metals is based in London, UK. The British company works towards a safe, just, and sustainable world enabled by responsibly produced minerals and metals. With over 4,000 different minerals, many containing metallic elements, the company works with members https://www.psg.co.za/ and partners to tackle critical problems for industry, people, and the planet. The International Council on Mining & Metals, founded in 2001, is a leadership organization that promotes sustainable industrialization, infrastructure, and innovation. At the age of 46, in 2008, Motsepe made history as the first black African billionaire to grace the prestigious Forbes list, an extraordinary achievement fueled by his extensive investments in the mining industry.
ARC Investments
Patrice Motsepe is one of South Africa’s most successful businessmen with shareholdings in many of the country’s top companies, including Sanlam, Rain, Alexander Forbes, and TymeBank. Forum Mondial de L’Economie engages in the foremost africa gold capital investment patrice motsepe political, business and cultural organizations to shape global, regional and industry agendas. The company was founded by Klaus Schwab in 1971 and is headquartered in Cologny, Switzerland.
Their goal was to create a new South African exchange to bring healthy competition to the marketplace. UBI also owns 100% of African Rainbow Energy and Power, abbreviated AREP. The company is primarily focused on clean energy solutions including renewables, hydro, gas and complementary Transmission investments. He also bought a 51% stake into Sundowns to partner with its founders. The following year, he increased his stake from 51% to 100%, and officially renamed the club, Mamelodi Sundowns. Discover the captivating journey of Patrice Motsepe, South Africa’s pioneering entrepreneur and billionaire extraordinaire.