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2004
Company Description
African Rainbow Capital is a fully black owned and controlled investment company focusing on the South African.
African Rainbow Capital (ARC) is a fully black owned and controlled investment company focusing on the South African and African financial services industry and businesses that deliver exceptional returns on equity. 'THE BIGGEST CONTRIBUTION ARC CAN PROVIDE TO THE BROADER COMMUNITY IS TO BE A WORLD CLASS COMPANY. THE CHALLENGE IS TO, FIRSTLY, USE THAT WORLD-CLASS BASE TO CREATE MONEY FOR OUR SHAREHOLDERS AND SECONDLY, TO PLOUGH MONEY BACK INTO COMMUNITIES TO MAKE A DIFFERENCE' JOHAN VAN ZYL – ARC CO-CEO. Ubuntu-Botho Investments was created in 2004 with its initial main purpose building black controlled capital through being Sanlam's empowerment partner. In addition the vision of Ubuntu-Botho Investments from the outset was to make a difference in the lives of ordinary South Africans by being the premier black-owned and controlled financial services entity. The first phase of realising this vision was the accumulation of capital in partnership with Sanlam. This objective has now largely been achieved, with Ubuntu-Botho Investments holding about 14.5% of Sanlam's issued shares and being valued at about R17bn at present. The second phase will entail partially investing this capital in African Rainbow Capital, which is set to become a leading South African based, black owned and controlled financial services company.
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Manufacturer:
Financial Services -
Formed:
2004 -
Company Website:
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Company E-mail:
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Company Address:
1st Floor, Marsh Building Cnr Fredman Drive & Fifth Street, SandtonSouth AfricaGauteng -
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