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Motsepe and Sanlam plan $500mln private equity fund

Sanlam is teaming up with mining billionaire Patrice Motsepe’s company Ubuntu-Botho to launch an Africa-focused private equity fund. The fund, which will target opportunities in various sectors including mining and financial services, aims to raise $500 million by early 2016. Sanlam and Ubuntu-Botho look set to commit $200 million between them, with the balance being raised from other investors.

Read more at BusinessDay…

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