African Rainbow Capital (ARC), the investment company that mining magnate Patrice Motsepe launched in 2016, is going to the JSE on September 7 to raise R4bn in capital. Nearly half of ARC Investments will list on the main board of the JSE following regulatory approvals, with ARC majority shareholder Ubuntu-Botho Investments retaining 50.1% of the remaining shares, which will be priced at R8.50. ARC Investments will hold an initial investment portfolio valued at R4.5bn, comprising R2bn invested in the financial services sector and R3.5bn in sectors such as telecommunications, construction and agriculture.

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