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

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


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