ARC Investments to halve its management fees to fix discount
Co-CEO Johan van Zyl says company wants to ‘at least’ halve the roughly R200m a year it charges to oversee its R13.7bn portfolio
13 September 2022 - 12:35
African Rainbow Capital (ARC) Investments, the empowered investment company founded by Patrice Motsepe, plans to halve its management fees to narrow the discount between its listed valuation and its intrinsic net asset value (NAV).
The JSE-listed investment holding company, the only asset of which is the ARC Fund, trades at R5.51 per share, about 45% lower than ARC Investments’ intrinsic NAV per share of R10.06. The ARC Fund is a vehicle comprising 52 companies spanning telecoms, mining, agriculture, financial services and other sectors...
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