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 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. 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. He began by focusing on the gold metal alone, but as the years went by, the company started expanding its interests to base metals, iron ore, manganese ore, alloys, platinum https://www.absa.co.za/ group metals, copper, nickel, and coal.
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In the same year, Motsepe won two major awards, South Africa’s Business Leader of the Year, where he was voted by 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 12 months of being in charge, Motsepe shocked the entire mining industry by making the mines profitable. Bobby knew of Motsepe during the time he was providing services with Future Mining, they got to know each other and during that time, he observed Motsepe burning desire to venture into the mining business. To make partner at a tender age of 32 wasn’t an easy feat, as Bowman Gilfillan has always been one of the most prestigious law firm in the country, so it probably took something out of the ordinary.
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Rising from humble beginnings in Ga-Rankuwa, he soared to become the nation’s first black billionaire, spearheading African Rainbow Minerals to global acclaim. As president of the Confederation of African Football and vice president of FIFA, he redefines leadership on and off the field. Dive into https://istorepreowned.co.za/ his diverse empire spanning mining, telecoms, and beyond, illuminating the power of resilience and vision.
- UBI also owns 100% of African Rainbow Energy and Power, abbreviated AREP.
- When the deal came to an end in 2014 after the debt was paid, UBI acquired a 13.5% stake in Sanlam.
- Patrice was born on the 28th of January 1962, to Augustine and Key Motsepe.
- He also has a majority share in the Mamelodi Sundowns and owns over a third of Blue Bulls rugby.
- Confederation of African Football operates as a administrative and controlling body for African association football.
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Those in the business https://www.psg.co.za/ world will know Motsepe has various other shareholdings in companies serving various industries. Patrice Motsepe is one of South Africa’s most successful businessmen, with an estimated net worth of around $3 billion (R55.35 billion). Patrice Motsepe, the visionary founder of African Rainbow Minerals (ARM), continues to leave an indelible mark on the African business landscape. Cementing his status as the richest Black billionaire in Southern Africa, Motsepe has become a trailblazer for fellow entrepreneurs across the continent. Companies in which Motsepe owns a shareholding, through his African Rainbow holding companies, include many of South Africa’s biggest brands. Commenting on these investments, Motsepe said he played football and rugby when he was in boarding school in the Eastern Cape.
ARC Investments
To appreciate the scale of the business empire Motsepe has built over african gold capital investment south africa the last 24 years, a breakdown of his investments is valuable. After completing school, he completed a BA degree at the University of Swaziland and a law degree at the University of the Witwatersrand. Motsepe senior, a teacher by profession, owned businesses in the North West province popular among mine workers. The mines include, Khumani, Beeshoek, Nchwaning, Gloria, Cato Ridge, Cato Ridge Alloys, Sakura and Machadadorp.
Learning business in a spaza shop
This new exposure caused Motsepe to start studying the mining business in every way he could. He read all kinds of books & articles, and studied anything he could find on mining, just so he could have a complete understanding, and the technical know-how of how the business operated. After matriculating, he proceeded to obtain a bachelor of arts degree at the University of Swaziland, which was subsequently followed by a law degree from the University of the Witwatersrand. Contrary to what most african gold capital people believe, Motsepe wasn’t born rich, or had any wealthy relatives.