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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 compa...

Cognition Holdings has announced that it is selling its 50.01% stake in the property listing website Private Property for R150 million.

Four offers this week alone, with a further nine offers/deals underway …

TymeBank tracking behind growth projections By Sandile Mchunu Share DURBAN - TYMEBANK said on Tuesday that it was tracking slightly behind its projections to attract clients, largely due to the national lockdown and sustained financial pressure on consumers even though it managed to grow its customer base to 2.5 million by the end of November. The digital bank, in which African Rainbow Capital Investments ( ARC Investments) owns a majority stake of 35.18 percent as at the end of June, has shown tremendous growth after its official launch in February last year. The bank has approximately 1.5 m...