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
How to never-ever fall prey to ID theft… and info about a free service if you do

How to never-ever fall prey to ID theft… and info about a free service if you do

The Money Show’s Bruce Whitfield interviews Manie van Schalkwyk, Executive Director at The South African Fraud Prevention Service.

New Kia Stinger ad is awesome (just like Korean cars in general)

New Kia Stinger ad is awesome (just like Korean cars in general)

What is the future of driving? Perhaps it’s actually driving! A Kia! Bruce Whitfield interviews advertising expert Andy Rice.

Did you know? Tourism supports 10.3% of ALL jobs in South Africa

Did you know? Tourism supports 10.3% of ALL jobs in South Africa

The Money Show’s Bruce Whitfield interviews David Frost, CEO at Southern Africa Tourism Services Association.

We’re recapturing state-owned companies (and fixing Sars) - Minister Nene

We’re recapturing state-owned companies (and fixing Sars) - Minister Nene

The Money Show’s Bruce Whitfield interviews Finance Minister Nhlanhla Nene, who tabled Treasury’s budget in Parliament on Tuesday.

SA Mohair industry (world’s largest) face extinction after Peta video/global ban

SA Mohair industry (world’s largest) face extinction after Peta video/global ban

The Money Show's Bruce Whitfield interviews Deon Saayman (Mohair SA), Gay van Hasselt (Angora farmer) and Belinda Abraham (SPCA).

Expresso’s Katlego Maboe answers personal questions about his own money

Expresso’s Katlego Maboe answers personal questions about his own money

The Money Show’s Bruce Whitfield interviews Maboe about his attitude to money (hopes and fears, successes and failures, etc.).

Popular articles
We're not just cyclists - CT man turns punch-up with driver into safety message

We're not just cyclists - CT man turns punch-up with driver into safety message

He was punched in the face by a motorist last week and tracked the driver down for a meet-up, instead of laying charges.

[WATCH] The spectacular moment AB de Villiers bent the laws of physics

[WATCH] The spectacular moment AB de Villiers bent the laws of physics

The world now knows never to underestimate the athletic form of SA cricketer AB de Villiers after this gravity-defying catch.

[LISTEN] Dailene, the lady behind the video from Thursday's heist in Boksburg

[LISTEN] Dailene, the lady behind the video from Thursday's heist in Boksburg

Another heist was carried out in Boksburg on Thursday morning and led to five people being arrested.

Health Minister proposes scrapping of medical aid co-payments

Health Minister proposes scrapping of medical aid co-payments

The eradication of medical aid co-payments is one of a number of changes to the medical aid scheme proposed by Aaron Motsoaledi.

SANDF soldier arrested for robbery on trial for attempted murder

SANDF soldier arrested for robbery on trial for attempted murder

Operations chief, General Barney Hlatshwayo's personal driver was arrested on Tuesday.

3 emergency numbers you should have on speed dial and how they work

3 emergency numbers you should have on speed dial and how they work

These are the emergency numbers you should have on your cellphone and this is what you must understand about how they work.