Motsepe’s Arc to list later in 2018

African Rainbow Capital (Arc), the diversified black-owned financial services company, intends to list an investment holding company later this year on the JSE.

It will provide the public with an opportunity to participate in the growth and value creation of the company from a relatively early start.

Co-CEO of Arc, Johan van der Merwe, confirmed in an interview that the listing of an investment holding company would probably happen by the third quarter of this year.

The aim would be to hold majority stakes in a diverse array of non-financial services businesses. These would still be majority owned by Arc, and thus fully empowered, but would utilise public shareholders.

“It will also hold a stake in the financial services business [Arc] we are creating. We want to keep the financial services separate because we think we can build a cohesive business,” said Van der Merwe. The idea is that the financial services business will be much more operational in nature than the investments included in the holding company.

The listing of the vehicle will represent the second holding company that billionaire entrepreneur Patrice Motsepe has taken to market, following the listing of ARMGold in 2002. More importantly, the listing will provide another tangible demonstration of Motsepe’s own vision of radical economic transformation.

Motsepe has expressed repeatedly his desire to build a world-class business in financial services that will allow those less fortunate to share the fruits.

We want to keep the financial services separate because we think we can build a cohesive business. Johan van der Merwe Co-CEO of Arc