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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Naspers: Mind the gap

Do you have a pension? Do you have South African unit trusts? It’s more likely than not that you are a Naspers shareholder, albeit indirectly. Naspers made the news this week again, this time for an investment in Food Supply Network for an undisclosed sum. The company operates an independent business-to-business marketplace that improves the process of food delivery and …

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