ARC co-CEO Johan van Zyl. Picture: FINANCIAL MAIL
ARC co-CEO Johan van Zyl. Picture: FINANCIAL MAIL

African Rainbow Capital (ARC) was one of the rarest of beasts on the JSE on Thursday: its share price rose.

The empowerment investment firm has managed to grow its intrinsic net asset value per share by 3.4%, though at R9.52 it is far from its actual share price of R2.20.

Joint-CEO Johan van Zyl joined Business Day TV to discuss the group’s performance.

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