Freshly listed ARC sniffs profit coming
African Rainbow Capital Investments’ invested assets rise to R6.6bn since JSE debut as it redeploys R2.5bn of cash pile to selected sectors
African Rainbow Capital Investments (ARC) has grown its assets nearly 50% in the three months it has been listed and could deliver its first profit on the sale of an investment soon. The investment holding company listed on the JSE main board in September with R4.5bn in invested assets and R4.2bn in cash. This has since grown 48% to R6.6bn after it deployed R2.5bn of this cash towards investments in telecommunications, financial services, mining and agriculture.