Patrice Motsepe's billions explained
Patrice Motsepe is one of South Africa's most successful businessmen, having amassed his billions through holdings in various industries, including telecoms, digital banking, and mining.
He ranks as the 1,157th wealthiest person in the world according to...
Tyme Group valuation hits $1.5 billion
Tyme Group, a digital lender controlled by South African billionaire Patrice Motsepe, raised $250 million (R4.47 billion) in a funding round that made it one of Africa’s few unicorns.
The bank is valued at $1.5 billion (R26.79 billion) after the capital...
South African billionaire Patrice Motsepe is in talks with Vivendi SE’s Canal+ to join its multibillion-dollar bid for broadcaster MultiChoice Group, according to people familiar with the matter.
Bringing South Africa’s richest Black man into the deal would likely help the French media...
SABC will broadcast AFCON and other CAF tournaments
The South African Broadcasting Corporation (SABC) has secured the rights to broadcast the upcoming Africa Cup of Nations (AFCON 2023) and the rest of the Confederation of African Football’s (CAF’s) events for the 2024 season.
AFCON 2023 is...
If the ARC Investment deal with Telkom works out, it could signify a strategic move for Rain and ARC against major masts and towers companies, IHS and American Tower.
https://techfinancials.co.za/2023/12/01/is-rain-the-ultimate-bidder-for-telkoms-masts-and-towers-business-swiftnet/?amp=1
TymeBank secures R1.5 billion investment
Digital banking group Tyme has secured two new international investors as part of its pre-series C capital raise launched in January this year.
Along with the two new shareholders — Norrsken22, an Africa-focused tech growth fund, and Blue Earth Capital...
South African billionaire plans major renewable energy push
African Rainbow Energy and Power (AREP), backed by South African billionaire Patrice Motsepe, is looking to boost renewable power generation sevenfold to become one of the biggest clean electricity providers on the continent.
The...
Rain's billionaires
African Rainbow Capital’s (ARC’s) interim results for the six months ended 31 December 2021 revealed that it values Rain at R16.6 billion, an increase of R287 million over the last six months.
The increased valuation is partly thanks to the mobile operator’s strong...
All the companies Patrice Motsepe owns
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 is also a shareholder in Mamelodi Sundowns and the Blue Bulls...
african rainbow capital (arc)
african rainbow minerals (arm)
alexander forbes
blue bulls
confederation of african football (caf)
mamelodi sundowns
patricemotsepe
rain
sanlam
tymebank
BIG NEWS: #AfriForum & #GerrieNel have officially been appointed by the #Botswana government to represent them in a high-profile money-laundering & fraud case, in which businesswoman Bridgette Motsepe-Radebe (sister-in-law of @CyrilRamaphosa & wife of Jeff Radebe) is implicated.
Shocking...
Patrice Motsepe invests in Bill Gates’ billion-dollar clean energy fund
Bill Gates has launched a new $1-billion fund as part of the Breakthrough Energy Coalition, Fortune reported.