African Rainbow Capital Investments lists on the JSE
7 September 2017: Today African Rainbow Capital Investments Limited
(JSE: AIL) listed in the Speciality Finance Sector on the main board of the
JSE. African Rainbow Capital Investments (ARC Investments) is the 12th
company to list on the JSE this year and brings the total amount of capital
raised on the exchange to date in 2017 to just over R76 billion.
Director: Capital Markets at the JSE, says the JSE is privileged to assist ARC
Investments in this chapter of its growth story. “The listing of ARC
Investments represents important progress in the transformation of the
financial services sector and the JSE is proud to be able to aid in its growth
through providing the company with access to deep pools of capital by means of
a credible, liquid and well-regulated platform.”
is a capital raising and investment entity incorporated in Mauritius which will
offer shareholders the opportunity to invest in a permanently broad-based black
controlled investment entity holding a diversified portfolio of investments.
The initial investment portfolio held by ARC Investments will be seeded by
African Rainbow Capital Proprietary Limited (ARC), which will remain the
majority shareholder in ARC Investments.
will invest alongside ARC in this initial portfolio which comprises 16
investments in the financial services sector and 17 non-financial services
investments. Its financial services investments include interests in Alexander
Forbes Limited, Alexander Forbes Group Limited, Indwe Broker Holdings, Senayo
Securities and Santam. The portfolio also includes investments in agriculture
and food production, building and construction, energy, information technology
and telecommunications, investment holding companies and real estate
businesses. Its most significant investment is in the telecommunications
sector, through its 20% interest in Multisource Telecoms Proprietary Limited,
currently trading as Rain.
ARC is a majority black-owned investment holding company which seeks to
utilise its empowerment credentials, strong balance sheet and the track record
of its leadership and brand to invest in financial services distribution
businesses. ARC is wholly owned by Ubuntu-Botho Investments (UBI), which was
created in 2003.
Chairman of both Ubuntu Botho Investments and ARC, says that “the listing of
ARC Investments on the JSE is a major step towards realising one of the key
objectives of ARC, namely to build a world class broad- based black –
controlled investment entity for all South Africans.”
Nemer says the
JSE is equally proud to help ARC Investments facilitate its goal of providing
investment exposure for the public to B-BBEE assets, which are often only held
Finance Sector has a total market capitalisation of R108.8 billion and
contributes 0.7% to the overall market capitalisation of the JSE.
Left to Right: Dr Johan van
Zyl, CEO of African Rainbow Capital and CEO of Ubuntu Botho Investments; Dr
Patrice Motsepe, Chairman of African Rainbow Capital and Ubuntu Botho
Investments and Mr Johan van der Merwe, CEO of African Rainbow Capital.
Left to Right : Donna
Nemer, Director of Capital of Markets at JSE; Mr Johan van der Merwe, CEO of
African Rainbow Capital; Dr Johan van Zyl, CEO of African Rainbow Capital and
CEO of Ubuntu Botho Investments and Dr Patrice Motsepe, Chairman of African
Rainbow Capital and Ubuntu Botho Investments.
Dr Patrice Motsepe, Chairman of African Rainbow Capital and
Ubuntu Botho Investments sounding the kudu horn.
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