Lessons from HBO s Succession : How to estate plan with your parents iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.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.
How do you ensure your legacy company keeps up with innovation? Well, when you have discretionary capital of R6.6-billion, as in the case of Sanlam (as at end June 2022), you simply buy two innovative, entrepreneurial companies.