20°C / 22°C
  • Sat
  • 32°C
  • 17°C
  • Sun
  • 32°C
  • 17°C
  • Mon
  • 29°C
  • 15°C
  • Tue
  • 30°C
  • 15°C
  • Wed
  • 32°C
  • 15°C
  • Thu
  • 29°C
  • 11°C
  • Sat
  • 21°C
  • 14°C
  • Sun
  • 25°C
  • 14°C
  • Mon
  • 25°C
  • 13°C
  • Tue
  • 21°C
  • 14°C
  • Wed
  • 20°C
  • 13°C
  • Thu
  • 23°C
  • 13°C
  • Sat
  • 33°C
  • 18°C
  • Sun
  • 33°C
  • 19°C
  • Mon
  • 32°C
  • 16°C
  • Tue
  • 30°C
  • 17°C
  • Wed
  • 35°C
  • 18°C
  • Thu
  • 32°C
  • 14°C
  • Sat
  • 35°C
  • 20°C
  • Sun
  • 34°C
  • 19°C
  • Mon
  • 31°C
  • 16°C
  • Tue
  • 30°C
  • 17°C
  • Wed
  • 31°C
  • 14°C
  • Thu
  • 31°C
  • 12°C
  • Sat
  • 24°C
  • 19°C
  • Sun
  • 22°C
  • 18°C
  • Mon
  • 23°C
  • 18°C
  • Tue
  • 27°C
  • 19°C
  • Wed
  • 22°C
  • 17°C
  • Thu
  • 22°C
  • 16°C
  • Sat
  • 19°C
  • 14°C
  • Sun
  • 19°C
  • 13°C
  • Mon
  • 21°C
  • 15°C
  • Tue
  • 20°C
  • 15°C
  • Wed
  • 18°C
  • 14°C
  • Thu
  • 18°C
  • 13°C
  • Sat
  • 25°C
  • 11°C
  • Sun
  • 29°C
  • 12°C
  • Mon
  • 30°C
  • 14°C
  • Tue
  • 21°C
  • 12°C
  • Wed
  • 25°C
  • 10°C
  • Thu
  • 29°C
  • 9°C
  • Sat
  • 19°C
  • 14°C
  • Sun
  • 24°C
  • 13°C
  • Mon
  • 22°C
  • 14°C
  • Tue
  • 18°C
  • 13°C
  • Wed
  • 19°C
  • 12°C
  • Thu
  • 24°C
  • 11°C
  • Sat
  • 37°C
  • 19°C
  • Sun
  • 36°C
  • 21°C
  • Mon
  • 34°C
  • 19°C
  • Tue
  • 33°C
  • 19°C
  • Wed
  • 37°C
  • 20°C
  • Thu
  • 34°C
  • 17°C
  • Sat
  • 35°C
  • 17°C
  • Sun
  • 35°C
  • 17°C
  • Mon
  • 34°C
  • 17°C
  • Tue
  • 31°C
  • 17°C
  • Wed
  • 26°C
  • 13°C
  • Thu
  • 29°C
  • 9°C
  • Sat
  • 34°C
  • 14°C
  • Sun
  • 28°C
  • 16°C
  • Mon
  • 26°C
  • 14°C
  • Tue
  • 33°C
  • 15°C
  • Wed
  • 31°C
  • 14°C
  • Thu
  • 24°C
  • 13°C
  • Sat
  • 19°C
  • 13°C
  • Sun
  • 19°C
  • 12°C
  • Mon
  • 22°C
  • 13°C
  • Tue
  • 19°C
  • 13°C
  • Wed
  • 16°C
  • 11°C
  • Thu
  • 18°C
  • 11°C

[LISTEN] Patrice Motsepe’s ARC invests in Rain

| Ray White, in for Bruce Whitfield on The Money Show, interviewed ARC's Johan van der Merwe.

JOHANNESBURG - Instead of paying its first dividend, billionaire Patrice Motsepe’s African Rainbow Capital Investments (ARC) will rather hunt for new investments.

Most notable was ARC’s acquisition of TymeDigital and an additional investment of R1.12 billion in data-only mobile network Rain. TymeDigital is South Africa’s first black-owned commercial bank.

ARC's Johan van der Merwe says: "At the beginning of the period, which was at the listing time 7 September 2017, we had about R8.5 billion in assets but only half of that was invested. The other half was cashed."

Listen to the audio above for more.

More in Multimedia

Comments

EWN welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

- Racism (including offensive comments based on ethnicity and nationality)
- Sexism
- Homophobia
- Religious intolerance
- Cyber bullying
- Hate speech
- Derogatory language
- Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the EWN community a safe and welcoming space for all.

EWN reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

EWN is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

comments powered by Disqus