Patrice Motsepe’s African Rainbow Capital (ARC) Investments has unveiled the initial portfolio it plans to give its investors access to, when it lists on the JSE’s main board on September 7. Through the ARC Fund — in which the public will own 49% on listing while ARC retains the rest — ARC Investments will give investors indirect access to its shares of the following companies: • 4.99% of Alexander Forbes Limited, the retirement administrator’s African business; • 1.45% of Alexander Forbes Group; • 14.76% of mortgage originator Ooba; • 2.93% of healthcare investment holding company Afrocentric Health; • 13.72% of specialist investment manager Colourfield; • 25.45% of insurance broker Indwe Broker Holdings; • 20% of telecommunications company Rain; • 18.4% of construction materials company Afrimat; • 25% of phosphate miner Elandsfontein; • 1.7% of IT group EOH; • 15% of agri investor Acorn Agri; • 20% of wool and mohair processor BKB; • 46.4% of online property manager PayProp; • 20%...

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