finweek

Major changes to come at Motsepe’s ARM?

accreditation
Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
0:00
play article
Subscribers can listen to this article
Patrice Motsepe, executive chairman of ARM.
Patrice Motsepe, executive chairman of ARM.

Important changes may be afoot at African Rainbow Minerals (ARM), which appears to weighing up existential questions over structure and strategy.

Typically, investment companies tend to attract a discount to net asset value because they have only partial exposure to cash flows or no management control. Pallinghurst Resources suffered this problem along with Mvelaphanda Resources before it.

The specific issue with ARM is whether its platinum group metals (PGMs) business, ARMPlatinum, could be separately listed – a discussion the company has had for the past seven years, according to the group’s executive chairman Patrice Motsepe, who spoke on the topic at the firm’s year-end results announcement in early September.

Support independent journalism
Subscribe to News24 for just R75 per month to read all our investigative and in-depth journalism. You can cancel any time.
Subscribe
Already a subscriber? Sign in
Rand - Dollar
14.45
+0.8%
Rand - Pound
19.96
+0.6%
Rand - Euro
16.82
+0.7%
Rand - Aus dollar
10.85
+0.3%
Rand - Yen
0.13
+0.8%
Gold
1,781.92
+0.7%
Silver
24.31
+2.7%
Palladium
2,073.50
-1.4%
Platinum
1,054.00
+1.1%
Brent Crude
85.08
+0.9%
Top 40
60,348
+0.3%
All Share
66,895
+0.2%
Resource 10
63,203
-0.1%
Industrial 25
85,486
+0.6%
Financial 15
14,008
-0.1%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Voting Booth
Facebook is facing a fresh crisis after a former employee turned whistle-blower leaked internal company research . Do you still use Facebook?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, the benefits outweigh the risk for me
23% - 159 votes
No, I have deleted it
47% - 329 votes
Yes, but I am considering deleting it
30% - 206 votes
Vote