Billionaire Patrice Motsepe’s bet backfires, taking R2.4 billion with it

• Kropz Plc to restructure its sole operating asset, halting production of its main product
• The company has struggled to make a profit partly because of the impact of the war between the US and Iran on the global fertiliser industry
• The company's share price fell 39% in London after the announcement, giving it a market cap of just 9.1 million pounds