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Billionaire’s Phosphate Bet Backfires, Hundreds of Jobs at Stake

Bloomberg Markets Tuesday 08 September 2026, 06:53 UTC By Antony Sguazzin 1 min read
Key Points

South African billionaire Patrice Motsepe’s near decade-long backing for phosphate producer Kropz Plc has backfired, with the company announcing the restructuring of its sole operating asset and one of its contractors warning of hundreds of job losses.

South African billionaire Patrice Motsepe’s near decade-long backing for phosphate producer Kropz Plc has backfired, with the company announcing the restructuring of its sole operating asset and one of its contractors warning of hundreds of job losses.
Phosphate Bet Backfires (PERSON) South African (ORG) Patrice Motsepe (PERSON) Kropz Plc (ORG)
Originally published by Bloomberg Markets Read original →

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