Patrice Motsepe’s ARC to invest in reforming private healthcare industry
Patrice Motsepe’s African Rainbow Capital (ARC) has set up a new company, ARC Health, to invest in reforming and restructuring SA’s private healthcare industry. It will also help to integrate the government’s healthcare expenditure on legislated compensation for costs related to compensation for injuries and other similar costs. Motsepe said the sector’s business models and practices needed to be overhauled. "ARC Health plans to be a serious catalyst and player in this space," he said. The new venture comes shortly after ARC secured a 10% stake in financial services firm Alexander Forbes' African operations, over 18% of Afrimat, and 30% of mortgage originator ooba. At its launch in April, ARC had R10bn cashpile from parent Ubuntu-Botho Investments. Led by former Sanlam executives Johan van der Merwe and Johan van Zyl, along with former Afrocentric Investment Corporation CEO Dewald Dempers, ARC Health will focus on businesses dedicated to the reform and restructuring of the private h...
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