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ARC Investments posts double-digit growth, TymeBank hits 5 million customers.

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African Rainbow Capital Investments (ARC), a firm founded by billionaire Patrice Motsepe, has posted a double-digit rise in its portfolio valuation for its 2022 year, given a boost by gains from its key digital businesses, TymeBank and data-focused mobile operator Rain.
ARC's intrinsic portfolio value rose 11.3% to R13.6 billion in the investment holding company's year to end-June, with the effective value of its TymeBank stake rising a fifth to R1.41 billion, while Rain's valuation gained 9.7% to R3.6 billion.

13 Sep 2022 7AM English South Africa Business News · Investing

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