Patrice Motsepe Founder of African Rainbow Minerals Gold Ltd (ARM) South Africa

Patrice Motsepe Founder of African Rainbow Minerals Gold Ltd (ARM) South Africa

Patrice Motsepe is the Founder of African Rainbow Minerals Gold Ltd (ARM) and has been its Executive Chairman since May 2004.

Motsepe is South Africa’s first and only black billionaire.

Motsepe was born in Soweto and trained as a lawyer. He became the first black partner at the Bowman Gilfillan law firm.

Motsepe benefited from South Africa’s Black Economic Empowerment (BEE) laws, which mandate that companies be at least 26% black-owned in order to get a government mining license.

Motsepe founded Business Unity South Africa (BUSA), the first non-racial, united and recognized business organization in South Africa and serves as its President.

Motsepe was a Partner of Bowman Gilfillan Inc, a leading South African law firm, specializing in mining and business law.

He was employed for approximately 4 years by McGuire Woods LLP, a law firm in Richmond, Virginia, US.

In 1994, he founded Future Mining, which grew rapidly to become a competitive contract mining company.

In 1998, he founded African Rainbow Minerals, which was successfully listed on the JSE Securities Exchange in 2002.

In 2001, Motsepe founded African Rainbow Minerals Platinum and ARM Mining Consortium Limited which entered into a 50/50 joint venture with Anglo American Platinum Corp Ltd for the establishment of a new platinum mine and served as a legal consultant for its southern African practice from 1992 to 1995.

From 1988 to 1991, Motsepe was a practising attorney with the law firm Bowman Gilfillan Hayman Godfrey Inc.

Motsepe has a significant entrepreneurial expertise and knowledge of the new business environment in South Africa and is in central in helping to steer Harmony to grow and be competitive.

He has more than 10 years of experience in the mining industry.

Motsepe has been Chairman of Teal Exploration & Mining Inc since September 2005.

He serves as the Chairman of Ubuntu-Botho Investments. He has been the Non-Executive Chairman at Harmony Gold Mining Co since 2004.

Motsepe served as a Non-Executive Director of Sanlam Ltd and an Executive Chairman of ARMgold which merged with Harmony in 2003.

Motsepe has been a Non-Executive Director of Harmony Gold Mining Co since September 2003.

Motsepe serves as President of the Black Business Council. Since 1990, Motsepe has been a Member of the Council of NAFCOC and in 2002 President of NAFCOC.

Motsepe served as a Non-Executive Director of Absa Group from July 2004 to July 2005.

Motsepe also served as a Director of Absa Bank Ltd.

Motsepe has also been a Member of NEDLAC, which is South Africa’s primary institution for social dialogue between organized business, government, labour and community on issues of social and economic policy, since 1994.

He was voted Sunday Times South Africa’s Business Leader for 2002 and also voted South Africa’s best entrepreneur for 2002.

In 2002, he was voted by the CEO’s of the Top 100 companies in South Africa as South Africa’s Business Leader of the year.

From 1991 to 1992, he was a visiting attorney with McGuire Woods Battle and Boothe under an American Bar Association programme.

Motsepe serves as President of Chamber of Commerce and Industry South Africa and Mamelodi Sundowns Football Club.

Motsepe served as Senior Vice President of the Chamber of Mines and is a Global Leader of Tomorrow of the World Economic Forum (WEF).

Motsepe holds a Bachelor of Arts in Legal and a Bachelor of Laws, both from the University of Witwatersrand, South Africa.

Motsepe is listed as one of Africa’s Top 50 richest businessmen, with a net worth of about $2.7 billion.

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