Businesses Owned By Patrice Motsepe
Businesses Owned By Patrice Motsepe. Patrice Tlhopane Motsepe is a South African mining billionaire businessman of Tswana descent. Since 12 March 2021, he has been serving as the President of the Confederation of African Football. He is the founder and executive chairman of African Rainbow Minerals, which has interests in gold, ferrous metals, base metals, and platinum. He sits on several company boards, including being the non-executive chairman of Harmony Gold, the world’s 12th largest gold mining company, and the deputy chairman of Sanlam. Motsepe was named South Africa’s 5th richest man by Forbes with an estimated fortune of R33.9 billion. Below are some of the businesses owned by Patrice Motsepe.
African Rainbow Minerals Limited
African Rainbow Minerals Limited is a mining company based in South Africa. ARM has interests in a wide range of mines, including platinum and platinum group metals (PGMs), iron, coal, copper, and gold. ARM’s Goedgevonden coalmine near Witbank is a flagship of their joint venture with Xstrata, and produces 6.7 million tons of coal per year. Production is expanding at the Two Rivers platinum mine in Mpumalanga. ARM owns 20% of Harmony Gold, the 12th largest gold mining company in the world with three mining operations in South Africa.
Mamelodi Sundowns Football Club
Mamelodi Sundowns Football Club is a South African professional football club based in Mamelodi, Pretoria in the Gauteng province that plays in the Premier Soccer League, the first tier of South African football league system. Founded in the 1970s, the team plays its home games in the Loftus Versfeld Stadium and Lucas Masterpieces Moripe Stadium. They were the 2016 CAF Champions League champions and 2016 CAF Club of the Year. They have also won the Nedbank Cup four times, and hold the joint record of three National Football League Championships. They are the first South African team to compete in the FIFA Club World Cup, where they finished in 6th place.
TymeBank
TymeBank is an exclusively digital retail bank based in South Africa. Headquartered in Rosebank, Johannesburg, TymeBank does not have any physical bank branches and relies on an Android banking App, an Internet Banking site and a partnership with two retail chains, Pick n Pay and Boxer, to host a national network of self-service kiosks that facilitate the account opening process. The Prudential Authority of the South African Reserve Bank (SARB), granted permission for TymeBank to operate exclusively online on 28 September 2017.
Rain Network
Rain is a data-only mobile network in South Africa that has launched Africa’s first 5G network. Rain offers data-only SIM cards and has become a disruptive force in South Africa which suffers from very high mobile data costs. Rain is 20% owned by billionaire Patrice Motsepe’s African Rainbow Capital Investments (ARC), which acquired its stake in the group mid-2017.
