African Rainbow Capital (ARC), the investment house backed by Patrice Motsepe, has brought forward by a year the review of fees it pays a team that runs a fund housing its underlying assets.

The review comes almost a year after the company angered investors for floating the idea that it would use a portion of the R750m proceeds from a rights offer to pay outstanding fees to UBI General Partner for its day-to-day management of the fund...

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