Patrice Motsepe’s new mission to take on insurance giants

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Billionaire Patrice Motsepe’s investment holding company African Rainbow Capital (ARC) has a new mission — to take on the country’s largest insurance providers.

ARC on Thursday launched a life insurance company in partnership with Sanlam called African Rainbow Life (ARL), which will be the next building block in the development of a black-owned financial services conglomerate that Motsepe hopes will rival the country’s largest financial institutions...

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