South African billionaire Patrice Motsepe's ARM posts $114 million operating profit
Billionaires Africa | 06.03.2026 16:43
African Rainbow Minerals delivered a sharp turnaround in the first half of its 2026 financial year, swinging back to R1.9 billion ($113.9 million) in operating profit after posting a R409 million ($24.5 million) operating loss in the same period a year earlier — a result that signals the miner is gaining traction after a bruising stretch of weak commodity prices and rising costs.
