ARC bullish on future growth, here’s why
African Rainbow Capital Investments which listed on the JSE in September today announced its maiden interim financial results for the period ended December 2017. Total Intrinsic Net Asset Value increased by 3.9 per cent to R9.0 billion.
Tue, 13 Mar 2018 16:13:43 GMT
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AI Generated Summary
- African Rainbow Capital Investments reports a 3.9% increase in Total Intrinsic Net Asset Value, reaching R9.0 billion for the period ending December 2017.
- Key investments in sectors like telecoms, agribusiness, and business processing outsourcing are expected to fuel future growth.
- The company maintains strategic partnerships with industry leaders and has a robust deal pipeline, positioning it for sustained growth in the market.
African Rainbow Capital Investments, a company listed on the JSE, recently announced its maiden interim financial results for the period ending December 2017. The company reported a 3.9% increase in Total Intrinsic Net Asset Value, reaching R9.0 billion. In a recent interview with CNBC Africa, Johan van der Merwe, Co-CEO of African Rainbow Capital, discussed the company's future growth prospects and key investment initiatives.
Van der Merwe highlighted the company's investments in various sectors, expressing confidence in their ability to drive future growth. One key investment is in Rain, a telecoms company with a significant stake in spectrum assets, including 4G and LTE networks. African Rainbow Capital has partnered with industry stalwarts such as Paul Harris, GT Ferreira, and Michael Jordaan in this venture. William Ruse, who recently joined the company from a leading organization, is spearheading the telecoms business, bringing his expertise to the table.
Apart from the telecoms sector, African Rainbow Capital is focused on building a robust agribusiness portfolio and exploring opportunities in business processing outsourcing. The company has forged strategic partnerships with key players like Jonathan Bey and Atterbury to capitalize on the property market. By leveraging the expertise of industry leaders, African Rainbow Capital aims to diversify its investments and ensure sustainable growth.
Looking ahead, van der Merwe mentioned that the company has a strong deal pipeline, with significant transactions in the works. He highlighted a recent deal worth nearly R400 million, with another deal in the range of R300-R400 million on the horizon. Despite the ample opportunities in the market, van der Merwe emphasized the importance of making judicious investment decisions and providing adequate support to nurture portfolio companies for long-term success.
In conclusion, African Rainbow Capital Investments is poised for continued growth, driven by strategic investments across key sectors and strong partnerships with industry leaders. With a clear focus on diversification and sustainable value creation, the company remains optimistic about its future prospects in the market.