Patrice Motsepe's African Rainbow Energy takes majority control of SOLA Group in 1.2 billion dollars renewables deal
Billionaires Africa | 12.05.2026 22:03
Patrice Motsepe is doubling down on power. The South African billionaire's African Rainbow Energy has lifted its stake in SOLA Group from 41% to 83%, taking majority control of a corporate-serving renewables business with an R20 billion-plus ($1.2 billion-plus) portfolio and turning ARE into one of the country's largest independently owned energy companies.
