Billionaire Patrice Motsepe’s R2.55 billion bet backfires and puts hundreds of jobs on the line

• Kropz will restructure its Elandsfontein mine, halting production of its main product.
• The company's share price fell 39% in London after the announcement, reducing its market cap to just $12 million.
• The restructuring may lead to hundreds of job losses, according to a contractor's warning, with 238 jobs potentially cut.