Africa’s first black billionaire loses nearly $1bn as mining stocks tumble

Patrice Motsepe, Africa’s first black billionaire, has lost nearly one billion dollars from his fortune this year after a sharp read more Africa’s first black billionaire loses nearly $1bn as mining stocks tumble

The Briefing Africa

July 30, 2026 · 14:51 · 5 min read

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Africa’s first black billionaire loses nearly $1bn as mining stocks tumble

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Africa’s first black billionaire loses nearly $1bn as mining stocks tumble