SA's floundering economy and ongoing load-shedding leave Patrice Motsepe’s investment vehicle’s private equity play treading water
African Rainbow Capital Investments, the empowered investment company founded by Patrice Motsepe, said the intrinsic value of its underlying portfolio remained more or less static in its financial first-half.
The JSE-listed investment holding company said the closing balance of its investment in the ARC Fund, a portfolio of companies that constitute the group’s only asset, increased by 0.2% to R13.272bn at end-December 2022, from R13.242bn at end-June 2022. The group’s intrinsic net asset value per share decreased marginally by 1.7% to R9.88 per share, according to the firm’s results for the six-months to end-December that were published on Thursday...
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Katlego Danke threatens legal action over Patrice Motsepe rumoursKatlego Danke is speaking out following rumours that she is dating businessman Patrice Motsepe and pregnant with his child. ECREntertainment KatlegoDanke
Read more »
Soil Health Investments Are Central To Africa's Food System Transformation BidGuest Column - The African Food Summit has ended on a positive note with great discussions and strong commitments made by key stakeholders. It is now time for action. It is crucial to build an action-driven agenda to meet the escalating challenge of food security in Africa.
Read more »
CAF confers outstanding Achievement Awards - SABC NewsGlobal football legends, African stars and Football leaders, gathered in Kigali, Rwanda, on Tuesday night for CAF President Dr PatriceMotsepe’s Outstanding Achievement Awards.
Read more »
WATCH: Stock PicksBusiness Day TV speaks to David Shapiro from Sasfin Securities and Wayne Mccurrie from FNB Wealth & Investments
Read more »
Future-Fit eCono-Me | Alternate Energy | 13 March 2023[ICYMI] Is your business affected by load shedding? Find out on FutureFit if there any alternative options. Watch here: BizPartnersLtd eNCA FutureFit eConoME
Read more »