• South Africa
• African Rainbow Capital, B-BBEE, Private equity, Rights issue, Rights Offer
• September 15, 2020

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 …