Since listing in late 2017, African Rainbow Capital Investments has hardly set the JSE alight. On the contrary, it has been a dismal share-price performer, declining 54% since its October 2017 high. This is a pity, as it has not exhibited a disastrous showing during this period in terms of net asset value growth.
Co-CEO Johan van der Merwe puts it succinctly: “We have been singularly unsuccessful in convincing the market of the value proposition of ARCI.”A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.
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