Who is the owner of African Rainbow Minerals?
Patrice Motsepe
Patrice Motsepe is the executive chairman; Mike Schmidt is CEO….African Rainbow Minerals.
| Type | Public |
|---|---|
| Key people | Patrice Motsepe (Chairman) Mike Schmidt (CEO) Abigail Mukhuba (CFO) Thando Mkatshana (CEO) |
| Products | PGMs, Ferrous Metals, Coal, Copper |
What does African Rainbow do?
African Rainbow Minerals (ARM) is a leading diversified South African mining and minerals company with long-life, low unit cost operations and significant growth opportunities. ARM mines iron ore, manganese ore and alloys, chrome ore and alloys, platinum group metals, copper, nickel and coal.
Who is Patrice Motsepe father?
Augustine MotsepePatrice Motsepe / Father
What business does Patrice Motsepe own?
Dr Motsepe is also the founder and Chairman of Ubuntu-Botho Investments, African Rainbow Capital (ARC), African Rainbow Energy and Power (AREP) and UBI General Partner (Pty) Ltd.
Is arc a good investment?
Instead, ARC’s share price has more than halved since its listing, even though the company’s investment portfolio has consistently grown every year. In the six months to December 2020, ARC grew the value of its investments by R1. 68 billion to R12. 8 billion after some acquisitions and fair value gains.
What does Patrice Motsepe do?
Businessperson
Business magnatePhilanthropist
Patrice Motsepe/Professions
Who owns African Rainbow energy and power?
billionaire Patrice Motsepe
African Rainbow Energy and Power, 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.
What companies are under African Rainbow capital?
About African Rainbow Capital Investments Ltd Its investment includes Alexander Forbes Limited, ARC Health, Indwe Broker Holdings, ooba, Acorn Agri, PayProp, Afrimat, Rain and Val de Vie.
Why is African Rainbow capital dropping?
Rain’s valuation dropped by R791 million in six months because of challenging economic conditions, increased forecasted network investments, and increased employee cost. African Rainbow Capital’s (ARC’s) financial statements for the year ended 30 June 2021 revealed that it values Rain at R16. 357 billion.
Who is Patrice Motsepe wife?
Precious Moloi-MotsepePatrice Motsepe / Wife (m. 1989)
Is African Rainbow capital a good investment?
AFRICAN Rainbow Capital Investments (ARC), which has investments in tech disruptors such as mobile data company Rain, and TymeBank, lifted intrinsic net asset value 16.6 percent in the six months to December 31 to R8. 85 a share.
What does Patrice Motsepe invest in?
African Rainbow Capital, founded by South African billionaire Patrice Motsepe, is switching to investing in digital banks and financial startups, while shunning mining stocks, saying the boom in commodity prices maybe overdone.