• South Africa
• African Rainbow Capital, African Rainbow Capital Investments, ARC, Discount to NAV, Investment holding company
• October 6, 2020

I have been openly critical of the way the African Rainbow Capital Investments (ARC) story has played out. Without rehashing what I’ve previously written, I thought I should touch on the news that ARC’s capital raise has been less than ideal. To be clear: they’ve raised the full R750m they wanted. The problem is that shareholders didn’t give them as much …