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Patrice Motsepe launches new investment firm

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Patrice Motsepe. (File, AFP)
Patrice Motsepe. (File, AFP)

Johannesburg - Billionaire Patrice Motsepe, along with two former Sanlam veterans, have officially launched a new money management firm called African Rainbow Capital (ARC).

Motsepe, who is chairperson of ARC, together with joint chief executive officers Dr Johan van Zyl and Johan van der Merwe, unveiled the formation of ARC at an event in Hyde Park in Johannesburg.

ARC’s van Zyl was the former chief executive officer of Sanlam while van der Merwe previously headed up Sanlam Investments. Motsepe is a South African mining magnate and founder and executive chairperson of African Rainbow Minerals.

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