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

was original published at “https://www.bloombergquint.com/onweb/tycoon-motsepe-s-investment-firm-switches-to-banks-shuns-mining”