Patrice Motsepe’s fancy footwork to improve ARM’s liquidity
African Rainbow Minerals poised for acquisitive growth after group hedges 24% of its share in Harmony
13 June 2025 - 05:00
Patrice Motsepe has potentially positioned African Rainbow Minerals (ARM) for acquisitive growth after the group hedged 24% of its share in Harmony — in a transaction that significantly improves the former’s liquidity.
The transaction, first announced by ARM on Wednesday, will see the company hedge about 18-million of its shares in Harmony. Both companies are chaired by Motsepe. ARM owns about 12% of Harmony — with the latter worth R163bn on the JSE. ARM is worth about R38.5bn...
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