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ARC lifts intrinsic net asset value to R9bn

By: Marleny Arnoldi     13th March 2018 Investment company African Rainbow Capital (ARC) on Tuesday released its maiden interim financial results for the six months ended December 31 and reported an increase in its share price to R8.79 before dilution (R8.75 after dilution) as at December 31, from R8.46 at its JSE listing in September.  

Kropz eyeing first ore through phosphates plant this year

By: Martin Creamer     23rd January 2018 Explorer, developer and miner of plant nutrient minerals Kropz, which has invested $120-million in its 95% complete Western Cape processing facility, is finalising plant design and mulling capital raising to take the Elandsfonten phosphates project to the next level, Kropz CEO-designate Ian... 

Business park to be redeveloped as mixed-use precinct – Atterbury

By: Schalk Burger     7th December 2017 Earthmoving equipment and logistics multinational Barloworld has partnered with property development firm Atterbury and investment finance house African Rainbow Capital – as co-investors – to redevelop the Sandton-based Barlow Park Campus into a 130 000 m2 mixed-use precinct. The property is... 

Miner defends Western Cape phosphate project, highlights its importance

By: Ilan Solomons     19th October 2017 Emerging miner Kropz has warned that the West Coast Environmental Protection Association’s (WCEPA’s) application to have the water-use license (WUL) for Kropz’s Elandsfontein phosphate mine, near Saldanha Bay, in the Western Cape, suspended, would, if successful, cause “irreversible environmental... 

Coal of Africa sells Mooiplaats

By: Martin Creamer     2nd October 2017 The sale of the Mooiplaats Colliery is the final step in Coal of Africa’s balance sheet restructuring strategy, setting the course for the company to become a self-sufficient mid-tier coal mining company, CEO David Brown said on Monday. Mooiplaats, which has been on care and maintenance since... 

ARC Investments lists on JSE

By: Anine Kilian     7th September 2017 Investment company African Rainbow Capital (ARC) Investments on Thursday listed on the speciality finance sector on the main board of the JSE, with shares opening trade at R8.68 apiece. The listing reflects the progress of transformation in the financial services sector, said JSE Capital Markets... 

Company to extend financial services into East and West Africa

By: Robyn Wilkinson     5th May 2017 As part of its strategic ambition to position itself as a leading Pan-African financial services leader, specialised financial services group Alexander Forbes is exploring opportunities for expansion in East and West Africa, as well as further afield in greenfield countries such as Morocco. 

Alexander Forbes secures shareholder approval for ARC’s 10% acquisition

By: Natasha Odendaal     20th January 2017 JSE-listed specialised financial services group Alexander Forbes Group’s shareholders on Friday approved African Rainbow Capital’s (ARC’s) acquisition of a 10% stake in its African operations for R753.45-million, with net proceeds of R678.1-million to be settled in cash. The strategic empowerment... 

Emerging phosphate miner gains momentum, aims to ‘change’ mining perception

By: Natasha Odendaal     25th November 2016 Emerging miner Kropz is working to change the perception of mining and become the new industry benchmark through the responsible operation and rehabilitation of the  Elandsfontein phosphate mine, near Saldanha Bay. The R1.35-billion Western Cape-based mine, a 70:30 joint venture between Kropz and... 

Continued diversification drives Afrimat earnings growth in H1

By: Anine Kilian     3rd November 2016 Empowered openpit mining group Afrimat, which on Thursday celebrated ten years of being a JSE-listed company, lifted its headline earnings a share by 25.3% and its revenue by 15% year-on-year for the six months ended August 31. Revenue increased to R1.2-billion, profit to R109-million and cash... 

Motsepe’s ARC buys 18% stake in Afrimat

By: Anine Kilian     23rd September 2016 African Rainbow Capital (ARC), which is owned by billionaire businessperson Patrice Motsepe, has bought an 18.36% stake in JSE-listed Afrimat. “Afrimat is of the view that this will create a long-term and sustainable black economic empowerment partner with certainty around shareholding which will... 

Patrice Motsepe launches new investment firm

By: News24Wire      15th April 2016 Billionaire Patrice Motsepe, along with two former Sanlam veterans, have officially launched a new money management firm called African Rainbow Capital (ARC). Motsepe, who is chairperson of ARC, together with joint chief executive officers Dr Johan van Zyl and Johan van der Merwe, unveiled the... 

Capital Appreciation to list on the JSE main board as a SPAC

     28th September 2015 Capital Appreciation (JSE share code to be CTA) will today commence a private placement offering process to qualifying and invited investors, with the intention of listing as a Special Purpose Acquisition Company in the Specialty Finance sector on the Main Board of the securities exchange... 


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