Business
Inside Patrice Motsepe’s Business Empire: All the Companies He Owns
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.
From Mining to Telecoms: Motsepe’s Rise to Wealth
Motsepe was born in Soweto in 1962 and learned early business principles from his father, who owned a spaza shop. After earning a law degree, he became the first black partner at Bowman Gilfillan before venturing into the mining industry.
In 1994, he founded Future Mining, which provided gold dust cleaning services. 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.
In recent years, Motsepe has expanded beyond mining, making major investments in telecoms, digital banking, and financial services through African Rainbow Capital (ARC) and Ubuntu-Botho Investments (UBI).
Motsepe’s Key Business Investments
The table below provides an overview of the companies and industries within Patrice Motsepe’s investment portfolio:
Patrice Motsepe’s Business Holdings
| Main Holding Company | Subsidiary | Companies Owned |
|---|---|---|
| African Rainbow Minerals (ARM) | Platinum | Bokoni, Modikwa, Nkomati, Two Rivers |
| Ferrous | Beeshoek, Cato Ridge Alloys, Cato Ridge Works, Gloria, Khumani, Nchwaning, Sakura | |
| Coal | Goedgevonden, Participative Coal Business | |
| Harmony Gold | – | Harmony Gold |
| African Rainbow Capital (ARC) | Telecoms | Rain |
| Mining, Construction & Energy | Afrimat, ARC Services, Kropz Group | |
| Business Process Outsourcing | Autoboys, Bluespec, Capital Appreciation, Consumer Friend, CSG Holdings, GemCap, Humanstate, Linebooker, Moonstone, Payprop | |
| Property | ARC Real Estate, ARC Property Development, Barlow Park, Majik, Val de Vie | |
| Agriculture | Acorn Agri & Food, RSA, Subtropico | |
| Private Equity | ARC Investments, Fledge Capital Investments, ARC Emerging Markets Fund of Funds | |
| Asset Management | Alexforbes, Colourfield, EBS International, InFund Solutions, Khumo Capital, Lima Mbeu, Portfolium, Sanlam 3rd Party Asset Management, QED | |
| Insurance | Afrocentric, Capital Legacy, Indwe Risk Services, LifeCheq, National Health Services, Rand Mutual Holdings, Simah Risk, Smart Health Investments | |
| Specialist Services | A2X, ARC Health, Alternative Prosperity, Bravura, Constellation Capital, EdgeGrowth, Sinayo | |
| Banking & Digital | ARC Impex Solutions, AI Fund, Crossfin, Ooba, TymeBank, Tyme Global | |
| Ubuntu-Botho Investments (UBI) | UBI | Sanlam |
| Sports Investments | – | Mamelodi Sundowns, Blue Bulls |
| African Rainbow Energy and Power (AREP) | – | African Rainbow Energy and Power |
Motsepe’s Expanding Telecom and Banking Interests
Rain Mobile Network
Motsepe’s ARC has a 21% stake in Rain, South Africa’s first operator to launch fixed 5G broadband. In August 2024, ARC invested another R160 million, bringing Rain’s estimated valuation to R25 billion.
TymeBank’s Explosive Growth
Since launching in 2019, TymeBank has become one of South Africa’s fastest-growing digital banks. Its customer
Motsepe’s Influence in South Africa’s Economy
From mining to mobile networks, digital banking, and professional sports, Patrice Motsepe has built one of the most diverse business empires in Africa. His strategic investments continue to shape South Africa’s mining, telecoms, and financial sectors.
With major stakes in Rain, TymeBank, and African Rainbow Minerals, his influence is expected to grow even further in the coming years.
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