He has been a driving force behind the growth and expansion of the company, which has a market capitalization of over $1 billion. South African billionaire Patrice Motsepe has built an extensive business empire spanning mining, telecoms, banking, insurance, and sports. With a net worth of $2.8 billion (R52 billion) as of February 2025, Motsepe remains one of Africa’s wealthiest and most influential entrepreneurs. The mining industry, which played a pivotal role in Motsepe’s early success, has long faced criticism and https://istorepreowned.co.za/ scrutiny. Environmental concerns, labour issues, and the legacy of historical mining practices are ongoing challenges. Despite his commitment to responsible mining, Motsepe’s businesses have had to navigate these complex issues in a sector with a high social and environmental impact.
Ubuntu-Botho Investments Pty Ltd (UBI)
The company was founded by Klaus Schwab in 1971 and is headquartered in Cologny, Switzerland. Patrice Motsepe serves on the boards of several companies and holds directorships in various organizations. These positions provide additional income and opportunities for networking and influencing business decisions in different sectors. Patrice Motsepe’s remarkable journey serves as a testament to his entrepreneurial prowess and strategic vision. Through his diverse business ventures, he has not only amassed immense wealth but also contributed significantly to Africa’s economic growth. These include telecoms, insurance, asset management, agriculture, energy, and real estate businesses, which fall under the African Rainbow Capital (ARC) umbrella.
- And in 2018, he pledged a further $250 million towards land reformation in South Africa.
- The Motsepe Foundation, established by Patrice and his wife, Dr. Precious Moloi-Motsepe, is a prominent philanthropic organization in Africa.
- Additionally, he was part of the National Team of Mali that finished second in the CAF Africa Cup of Nations in 1972.
- In this article, we delve into the impressive business portfolio of Patrice Motsepe, exploring all the companies Patrice Motsepe owns.
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His personal lifestyle further accentuates this separation, as he reportedly relies exclusively on his own security detail, private jet, and even bottled water, according to Jeune Afrique. Critics argue this sasol gas supply hands-off approach has coincided with mounting financial challenges, including troubling accounting discrepancies. He was chairman of Capitec for almost ten years and still owns approximately 11% of the bank. We are not a credit intermediary or broker of the consumer loans or the other financial product.
All the companies Patrice Motsepe owns
His success led him to acquire marginal gold mines from AngloGold, leading to the formation of ARMgold and later African Rainbow Minerals (ARM) in 2004. Much of Motsepe’s wealth growth in recent years has come through the telecoms market, with African Rainbow Capital’s significant shareholding in mobile network operator Rain. 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. 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. Motsepe took African Rainbow Minerals (ARM) public in 2002, which has interests in a wide range of mines, including platinum, coal, iron, copper, and gold. Remgro is a holding company for a vast swath of businesses, including Discovery, Outsurance, Mediclinic, Distell, RCL Foods, and Total Energies.
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Beyond his individual achievements, Motsepe’s presence has had broader implications for Africa’s economic development and empowerment. While Motsepe’s passion for soccer is well-known, as evidenced by his ownership of the nine-time premiership winners, Mamelodi Sundowns, his sports interests extend beyond the pitch. He acquired a substantial 37% stake in the Pretoria-based Blue Bulls Company, becoming a co-owner alongside Remgro and the Blue Bulls Rugby Union.
The company owns luxury brands, including Cartier and sasol ltd Montblanc, which have been incredibly successful. When Anton Rupert founded the cigarette company Voorbrand in the 1940s, he wouldn’t have foreseen the sprawling business empire that has made his family the wealthiest in the country. His vast holdings, from mining and finance to sports and philanthropy, exemplify his diverse interests and commitment to making a positive impact on society. As a prominent figure in South Africa and Africa at large, Motsepe faces high expectations from the communities in which he operates. There is a constant need to balance business interests with social responsibility, as communities look to billionaires like him to contribute to local development and upliftment. The Motsepe Foundation’s impact has been felt across the continent, with initiatives ranging from educational scholarships to healthcare infrastructure development.
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. He launched Future Mining in 1994, a company which provided necessary chores in mining, which includes the removing of gold dust inside mine shafts for the Vaal Reefs Gold. Shortly after the ANC won the 1994 democratic elections, Nelson Mandela became President of the country and his government made favorable policies to support black businesses. 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. It launched a fully-fledged mobile network in mid-2023, with 4G SIMs available exclusively in a bundle with its 5G packages called RainOne.
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His ability to diversify his investments across various sectors has been a key driver of his wealth. Let’s take a closer look at some of these sectors and the companies within his extensive portfolio. In 1994, as South Africa transitioned to democracy, he recognized the opportunities presented by the changing economic landscape. He founded African Rainbow Minerals (ARM), a mining company that would become a cornerstone of his business empire. The Motsepe Foundation’s initiatives include providing scholarships, supporting small businesses, promoting entrepreneurship, and investing in community development projects. Motsepe’s philanthropic efforts reflect his belief in the power of education and economic empowerment to uplift individuals and communities.
This funding was allocated to address pressing student concerns related to registration, fees, and historical debt, offering much-needed support at the beginning of the https://www.bidvestbank.co.za/ academic year. As of 2022, Ubuntu-Botho owned a substantial 17.8% of Sanlam, making them the largest shareholder. Additionally, Patrice Motsepe currently serves as the deputy chair of Sanlam, underscoring his enduring influence within the company.
ARM Ferrous
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. He has also enjoyed success in financial services through Ubuntu-Botho Investments (UBI), which he created in 2003. He returned to Gauteng to attend the University of the Witwatersrand, where he completed a law degree specialising in mining and business. Patrice Motsepe is one of South Africa’s most successful entrepreneurs, with holdings in telecoms, digital banking, and mining firms, among many others. The strong performance was driven by a sharp rise in international sales, even as global trade faced economic and geopolitical pressures. His journey to success began in 1997 when he founded African Rainbow Minerals, a groundbreaking Black-owned mining corporation based in South Africa.