
South African billionaire Patrice Motsepe’s net worth rebounds to $3 billion after $300 million gain
Motsepe’s net worth surged to $3 billion for the first time since August 2024, marking a significant recovery.
Motsepe’s net worth surged to $3 billion for the first time since August 2024, marking a significant recovery.
The company, which has been expanding into renewable energy, is weighing whether to hold or offload its 11.8 percent stake in Harmony, South Africa’s largest gold miner.
Harmony Gold posted $1.98 billion in H1 revenue, driven by surging gold prices, cost control, and a record dividend, despite a slight dip in production.
The Johannesburg-based miner attributed this growth to increased gold sales and a favorable pricing environment.
Harmony Gold is South Africa’s most extensive gold mining company. It also operates in Papua New Guinea.