Billionaire Patrice Motsepe’s company rakes in R3.2 billion

• ARM's annual profit increased by 19% to R3.201 billion
• The company's PGM operations swung back to profit due to strong metal prices, while its ferrous division reported a 42% decline in headline earnings
• ARM is restarting open-pit mining operations and nickel concentrate production at Nkomati, with the project expected to reach its peak in 2032