You could say African Rainbow Capital has been deeply unpopular since coming to market in 2015. Yet the company’s major investments include potentially lucrative assets such as rain, TymeBank and phosphate group Kropz, and it has smaller holdings in Capital Legacy and GoSolr. Its latest announcement was a R750m rights offer to shore up capital, at R5 a share — which has drawn derision from the market, partly given the company’s stated intrinsic NAV of R11.41 a share.

The FM spoke to executive director Johan van der Merwe...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.