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African Rainbow Capital (ARC), an investment firm managed by South African mining billionaire Patrice Motsepe, has partnered with Sanlam to launch a brand new insurer, African Rainbow Life (ARL). He is the brother of Tshepo Motsepe and Bridgette Radebe, and the brother-in-law of both President Cyril Ramaphosa and Minister Jeff Radebe. Faced with indignant reactions to the statement throughout the African continent, Motsepe apologised, explaining “I do not have the best to talk on behalf of anyone besides myself.” Motsepe confirmed he would remain as an ARM Director, and would transfer into a brand new function as its Non-executive Chairman. On March 12, 2025, Patrice Motsepe was re-elected president of the Confederation of African Football, through the 14th extraordinary general assembly of CAF.
As the African National Congress (ANC) prepares for its first leadership succession following the lack of its parliamentary majority, speculation emerged regarding Patrice Motsepe as a possible successor to Cyril Ramaphosa. In 2011, he was named the interim chairman of the Black Business Council, and is a founding member and former president of one of South Africa’s most influential enterprise advocacy and lobby group Enterprise Unity SA (BUSA). A business will have to have a minimal of 26% black ownership to be thought of for a mining license. It was from this shop that Motsepe realized basic business rules from his father, in addition to first-hand exposure to mining.citation needed
