The company, which manages assets worth 14 billion rand ($935 million), sold its stake in Afrimat Ltd., a supplier of construction materials, industrial minerals and bulk commodities such as iron ore. ARC is also reducing its exposure to interests in real estate companies, citing saturation in high-end real estate markets in South Africa and the UK

This post Tycoon Patrice Motsepe’s Investment Firm Switches to Banks, Avoids Mining

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