Is African Bank ready to fly yet?

Remember African Bank? If you watched any of President Ramaphosa’s lockdown speeches, you were definitely given a refresher. We don’t know what they paid for those ads, but it was probably the most valuable advertising space anywhere in South Africa at the time. Long before that, African Bank had been on an aggressive campaign, advertising at airports and all over …

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ARC investors vote with their cash

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 …

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ARC: shareholders, can we have some more please?

African Rainbow Capital (ARC) Investments was “pleased to advise shareholders” that the board resolved to undertake a rights offer. That means they will tap into shareholders for another R750 million, which I’m sure shareholders can’t wait to give them after the ARC share price has dropped nearly 70% since listing. I’ll bet the board was pleased. So is anyone else …

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Sanlam lets ARC invest in asset management rats and mice

It’s been a busy week for Sanlam, the Cape Town-based financial services firm that historically entrenched itself in the Afrikaans community and has grown from there. The company released results, announced a B-BBEE transaction and suffered a 4% decline in the share price. The standout asset management result in recent times has without a doubt been Sygnia, reflected in 35% …

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Sanlam lets ARC invest in asset management rats and mice

It’s been a busy week for Sanlam, the Cape Town-based financial services firm that historically entrenched itself in the Afrikaans community and has grown from there. The company released results, announced a B-BBEE transaction and suffered a 4% decline in the share price. The standout asset management result in recent times has without a doubt been Sygnia, reflected in 35% …

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