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African Rainbow Capital Investments, founded by billionaire Patrice Motsepe, said on Friday its increased stake in a debt-collection business is expected to pay off in the current tough economic environment.
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...
A non-profit organisation, Grace Outreach partnered with Koos Sadie Primary school in Goodwood and held a Winter Blanket Drive for the homeless along Voortrekker Road, as well as an orphanage in Bishop Lavis and a crèche in Kalksteenfontein.