ARC Investments boosts portfolio value even as discount widens news24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news24.com Daily Mail and Mail on Sunday newspapers.
ARC grows intrinsic net asset value by 15.8%, reports portfolio restructuring progress engineeringnews.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from engineeringnews.co.za Daily Mail and Mail on Sunday newspapers.
JSE-listed investment fund African Rainbow Capital Investments (ARC Fund) notes that the third quarter of its 2023 financial year was characterised by a challenging macroeconomic environment featuring currency weakness, elevated inflation, rising interest rates and electricity supply constraints.
"Gross domestic product growth is sluggish, and business and consumer sentiment remain suppressed.
“Despite the current economic climate, the performance of several portfolio companies has been resilient, and we continue to identify attractive investment opportunities,” the company said on June 9.
All the companies Patrice Motsepe owns mybroadband.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mybroadband.co.za Daily Mail and Mail on Sunday newspapers.
African Rainbow Capital Investments (ARC), founded by Patrice Motsepe, on Friday provided a performance overview of its investments in the ARC Fund, its investment vehicle, which holds stakes including Rain and TymeBank, for the first quarter of 2021, which were on track despite Covid-19 disruption.