Patrice Motsepe’s ARC share price up 5.42% on first results since listing on JSE

Businessman Patrice Motsepe. Picture: SAPA

African Rainbow Capital’s (ARC) net asset value rose 3.9% to R9.07 billion in the six months to the end of 2017.

The company, founded by billionaire Patrice Motsepe, listed on the JSE in September.

ARC’s investment portfolio includes financial services, telecoms, mining and agriculture.

Its institutional shareholders include the Public Investment Corporation‚ Sanlam Private Wealth and the Singapore sovereign wealth fund.

ARC’s shareprice was up by 5.42% to R6.22 at the close of business on Tuesday.

The Money Show’s Bruce Whitfield interviewed ARC Investments co-CEO Johan van der Merwe.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

It’s been flat-out since the listing!

Johan van der Merwe, African Rainbow Capital

Both Vodacom and MTN earns more out of data than voice… It’s incredible what can be done… We’ve got a deal with Vodacom where they can roam…

Johan van der Merwe, African Rainbow Capital

Johan van Zyl inherited Sanlam, and made it much better.

Johan van der Merwe, African Rainbow Capital

African Rainbow Capital consists of about 20 people…

Johan van der Merwe, African Rainbow Capital

Not only do they need empowerment, they need credible empowerment with money…

Johan van der Merwe, African Rainbow Capital

Click here (then “like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter


This article first appeared on 702 : Patrice Motsepe’s ARC share price up 5.42% on first results since listing on JSE


Recommended

by NEWSROOM AI

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Don’t earn much? How to best invest tiny amounts...

Don’t earn much? How to best invest tiny amounts...

Earn peanuts, but want to start investing? You can now buy even tiny fractions of a share at a time. And it's very simple!

SPARK Schools provides Singapore-quality education for R19 400 per year

SPARK Schools provides Singapore-quality education for R19 400 per year

Our education system is poor, leading to a proliferation of private schools, most which are unaffordable even for the middleclass.

'How we do business here is very different to how they do business there'

'How we do business here is very different to how they do business there'

Aurik Business Accelerator’s Pavlo Phitidis reports back from the "mind blowing" three-day GrowCo conference in New Orleans.

Worst performing shares on the Johannesburg Stock Exchange

Worst performing shares on the Johannesburg Stock Exchange

Many recently booming stocks appear on the list of poor performers, including the likes of Tiger Brands, Capitec Bank and MTN.

Eskom report shows its workers are close to SA’s best paid - Mike Schüssler

Eskom report shows its workers are close to SA’s best paid - Mike Schüssler

Excluding executives and senior managers, the average Eskom worker earns more than R600 000 per year, says Schüssler.

Private schooling for your kids (at a low price unheard of just a few years ago)

Private schooling for your kids (at a low price unheard of just a few years ago)

The Money Show’s Bruce Whitfield interviews SPARK Schools cofounder and CEO Stacey Brewer.

Popular articles
Here's how to check your load shedding schedule in Cape Town

Here's how to check your load shedding schedule in Cape Town

Stage 1 load s​hedding has been declared nationally. The City of Cape Town has urged residents to take note of the schedules.

Man who dumped body of family dog in street demoted at top JHB law firm

Man who dumped body of family dog in street demoted at top JHB law firm

Media law guru Emma Sadleir warns employees online that there are many potential events that could bring a company into disrepute.

SPARK Schools provides Singapore-quality education for R19 400 per year

SPARK Schools provides Singapore-quality education for R19 400 per year

Our education system is poor, leading to a proliferation of private schools, most which are unaffordable even for the middleclass.

Get ready for another round of load shedding as Eskom workers shut down power

Get ready for another round of load shedding as Eskom workers shut down power

Eskom spokesperson Khulu Phasiwe says the power utility has instructed municipalities to implement stage one load shedding.

[WATCH] SPCA lays animal cruelty charges following violent attack on seal pup

[WATCH] SPCA lays animal cruelty charges following violent attack on seal pup

Video footage emerged on Facebook showing two fishermen brutally kicking and stabbing the animal.

[LISTEN] Wife of Siya Kolisi 'so proud' as husband Siya leads SA to victory

[LISTEN] Wife of Siya Kolisi 'so proud' as husband Siya leads SA to victory

The Springboks won a Test game against England on Saturday under the captaincy of Siya Kolisi.

UPDATE: Joburg man who dumped dead dog claims there were no vets nearby - SPCA

UPDATE: Joburg man who dumped dead dog claims there were no vets nearby - SPCA

The man has told the Sandton SPCA that he could not locate a nearby veterinary clinic in order to dispose of the dog's carcass.

Eusebius: 'Needing to know what happened before the Supersport video is BS'

Eusebius: 'Needing to know what happened before the Supersport video is BS'

Callers on The Eusebius McKaiser Show stand behind Ashwin Willemse who walked off the Supersport Rugby set on Saturday.