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Patrice Motsepe pockets $32.5M dividend as ARM profit slumps
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Patrice Motsepe pockets $32.5M dividend as ARM profit slumps
African Rainbow Minerals Ltd. (ARM), the Johannesburg-listed diversified mining group founded by billionaire Patrice Motsepe, trimmed its shareholder payout after annual profits fell nearly in half. Even so, Motsepe will still take home more than half a billion rand in dividends.The board declared a final dividend of 600 cents per share (R6.00, or $0.34), down from R9.00 ($0.51) last year. That brings the total distribution for the year ended Ju…
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