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Patrice Motsepe's African Rainbow Capital in a race to convert naysayers

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African Rainbow Capital co-CEO, Johan van Zyl said most of ARC's,  big investments will turn the corner next year.
African Rainbow Capital co-CEO, Johan van Zyl said most of ARC's, big investments will turn the corner next year.
Gallo Images/Lisa Hnatowicz MEDIA 24

When African Rainbow Capital (ARC) listed in September 2017, its share price closed at R8.30. On Tuesday, after presenting its financial results for the year ended on 30 June and announcing a R750 million rights offer, the share price closed at R2.65, a decrease in value of over two-thirds.  

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ZAR/USD
16.23
(-0.67)
ZAR/GBP
21.03
(-0.30)
ZAR/EUR
19.26
(-0.59)
ZAR/AUD
11.87
(-0.47)
ZAR/JPY
0.16
(-0.81)
Gold
1955.05
(+0.40)
Silver
26.99
(-0.15)
Platinum
933.00
(+0.11)
Brent Crude
43.78
(+2.41)
Palladium
2352.50
(+1.23)
All Share
54716.77
(-0.58)
Top 40
50399.16
(-0.59)
Financial 15
9841.32
(-2.14)
Industrial 25
72558.00
(-1.08)
Resource 10
55438.10
(+0.58)
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