Tag: johan van der merwe
African Rainbow Capital Investments reported that its ARC Fund which is its investment vehicle rose 19 per cent to R11.1 billion and they have announced a R750 million rights offer to shareholders.
Businesses are looking at more cost-efficient services that also increase their productivity levels. With this in mind, African Rainbow Capital has made an additional investment in Linebooker.
Sanlam and African Rainbow Capital have come together to create one of the largest black-empowered asset management companies in South Africa. Johan van der Merwe, co-CEO of African Rainbow Capital joins CNBC Africa for more.
Investment holding company, African Rainbow Capital has been hit by South Africa’s strained economic landscape. The company Intrinsic Net Asset Value only grew by 2.5 per cent, missing the medium to long-term expectation of 16 per cent per annum. The company has also made a number of direct and indirect acquisitions this year, with its biggest stake in the new digital bank, TymeBank and Insurance business Rand Mutual. Johan van der Merwe, co-CEO of African Rainbow Capital joins CNBC Africa for more.