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African Rainbow Capital Investments Ltd (AILJ.J)

AILJ.J on Johannesburg Stock Exchange

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Latest Key Developments (Source: Significant Developments)

ARC Financial Services Commits R100 Mln Investment Into Ethos AI Fund
Monday, 10 Jun 2019 

June 10 (Reuters) - African Rainbow Capital Investments Ltd ::JSE: AIL - INVESTMENT UPDATE.AFRICAN RAINBOW CAPITAL INVESTMENTS LTD - DURING PERIOD 1 JANUARY 2019 TO 31 MAY 2019, ARC FUND MADE NET INVESTMENTS OF R348 MILLION.AFRICAN RAINBOW CAPITAL INVESTMENTS - TYMEBANK AIMS TO ACHIEVE 2 MILLION CLIENTS OVER NEXT THREE YEARS, WITH 1.3 MILLION ACTIVE CLIENT ACCOUNTS.AFRICAN RAINBOW CAPITAL INVESTMENTS LTD - INVESTMENT OF R200 MILLION BY ETHOS AI FUND IN TYMEBANK.AFRICAN RAINBOW CAPITAL INVESTMENTS - ARC FINANCIAL SERVICES COMMITTED TO R100 MILLION INVESTMENT INTO ETHOS AI FUND.  Full Article

African Rainbow Capital Reports INAV Of R9.21 Per Share At Dec. 31 2018
Thursday, 14 Mar 2019 

March 14 (Reuters) - African Rainbow Capital Investments Ltd ::AFRICAN RAINBOW CAPITAL INVESTMENTS - INAV DECREASED FROM R9.23 PER SHARE AT 30 JUNE 2018 TO R9.21 PER SHARE AT 31 DECEMBER 2018.AFRICAN RAINBOW CAPITAL INVESTMENTS - DILUTED INAV PER SHARE INCREASED FROM R9.12 PER SHARE AT 30 JUNE 2018 TO R9.21 PER SHARE AT 31 DECEMBER 2018.  Full Article

Alexander Forbes Says "Disgruntled" Former Employee Discloses Confidential Information Of Co
Tuesday, 5 Mar 2019 

March 5 (Reuters) - Alexander Forbes Group Holdings Ltd ::BREACH OF CONFIDENTIAL COMPANY INFORMATION.CO AND ONE OF ITS MAJOR SHAREHOLDERS, AFRICAN RAINBOW CAPITAL SUBJECT TO "ADVERSE" MEDIA COMMENTARY.BOARD HAS REASON TO BELIEVE A "DISGRUNTLED" FORMER EMPLOYEE DISCLOSED CONFIDENTIAL INFORMATION OF CO.COMMENTARY HAS FACTUALLY INACCURATE IN MANY RESPECTS, CONTAIN SPECULATIVE, MISLEADING COMMENT, RELY ON UNRELATED, DATED INFORMATION.INSTITUTED INVESTIGATION ON BREACH, WILL CONSIDER LEGAL AVENUES AVAILABLE TO IT TO PROTECT CO'S CONFIDENTIAL INFORMATION.FORMER EMPLOYEE DISCLOSED CONFIDENTIAL COMPANY INFORMATION, WITH SPECIFIC PURPOSE TO DISCREDIT COMPANY AND ITS SHAREHOLDER, ARC.  Full Article

African Rainbow Capital Investments Says Regulatory Approval Secured To Buy TymeDigital
Friday, 2 Nov 2018 

Nov 2 (Reuters) - African Rainbow Capital Investments Ltd ::REGULATORY APPROVAL SECURED TO ACQUIRE TYMEDIGITAL.CONTROLLING SHAREHOLDER AFRICAN RAINBOW CAPITAL GOT APPROVAL FROM PRUDENTIAL AUTHORITY OF SOUTH AFRICAN RESERVE BANK.APPROVAL TO ACQUIRE 90% OF TYMEDIGITAL BY COMMONWEALTH BANK SA.DEAL TO BE EFFECTED THROUGH ARC'S 50,1% HELD UNIT, ARC FINANCIAL, FOLLOWING WHICH FINHOLDCO WILL BECOME 100% OWNER OF TYMEDIGITAL.ARC FUND, AN EN COMMANDITE PARTNERSHIP IN WHICH ARC INVESTMENTS IS A LIMITED PARTNER, HOLDS 49.9% OF FINHOLDCO.TYMEDIGITAL WILL CHANGE ITS NAME TO TYMEBANK WHEN IT OFFICIALLY LAUNCHES TO SOUTH AFRICAN PUBLIC.  Full Article

African Rainbow Capital Investments FY HEPS 81 Cents
Thursday, 13 Sep 2018 

Sept 13 (Reuters) - African Rainbow Capital Investments Ltd ::FY INAV/SHARE AFTER FEES FOR PERIOD INCREASED BY 7.8 PCT FROM R8.46 TO R9.12.FY HEADLINE EARNINGS PER SHARE 81 CENTS.  Full Article

African Rainbow Increases Ownership In Tymedigital
Wednesday, 8 Aug 2018 

Aug 8 (Reuters) - African Rainbow Capital Investments Ltd ::INCREASED OWNERSHIP IN TYMEDIGITAL.SHAREHOLDER AFRICAN RAINBOW CAPITAL REACHED AGREEMENT TO ACQUIRE, THROUGH ARC FINANCIAL HOLDING, 90% OF TYMEDIGITAL BY COMMONWEALTH BANK SA.DEAL FOR UNDISCLOSED CONSIDERATION AFTER WHICH FINHOLDCO WILL BECOME 100% OWNER.FOLLOWING ACQUISITION, ARC MAY CONSIDER INTRODUCING NEW SHAREHOLDERS IN CURRENT STRUCTURE, WHICH MAY INCLUDE MANAGEMENT.  Full Article

African Rainbow Capital Investments Says ‍Total INAV Increased To R9,076 Bln At Dec 31, 2017​
Tuesday, 13 Mar 2018 

March 13 (Reuters) - African Rainbow Capital Investments Ltd ::‍TOTAL INAV INCREASED BY 3,9 % TO R9,076 BILLION AT 31 DECEMBER 2017​.‍ARC INVESTMENTS' MEDIUM TO LONG-TERM OBJECTIVE IS TO GROW ITS INAV BY AT LEAST 16% PER ANNUM​.‍INAV PER SHARE AS AT 31 DECEMBER 2017 INCREASED FROM R8,46 AT LISTING TO R8,79 BEFORE DILUTION (R8,75 AFTER DILUTION).  Full Article

Global Asset Management Says To Sell 27 Pct Shares In Plastics Green Energy
Friday, 1 Dec 2017 

Dec 1 (Reuters) - GLOBAL ASSET MANAGEMENT LIMITED :​:UNIT ENTERED SALE OF SHARES AGREEMENT WITH ARC FUND ON AFRICAN RAINBOW CAPITAL.GLOBAL ASSET MANAGEMENT LTD - ‍CONSIDERATION PAYABLE FOR 27% DISPOSAL IS R12.7MLN, WHICH IS PAYABLE IN CASH​.DEAL NOT EXPECTED TO HAVE MATERIAL IMPACT ON COMPREHENSIVE INCOME, NET ASSET VALUE OF GLOBAL.  Full Article

African Rainbow Capital Investments updates on listing on JSE
Tuesday, 5 Sep 2017 

Sept 5 (Reuters) - African Rainbow Capital::OFFER WAS OVERSUBSCRIBED AT MARKET CLOSE ON MONDAY, 4 SEPTEMBER 2017.ARC INVESTMENTS TO INCREASE NUMBER OF OFFER SHARES ISSUED FROM 223.1 MILLION TO 258.4 MILLION ALL OF WHICH WILL BE ISSUED AT R8.50 PER SHARE.NET PROCEEDS RECEIVED BY ARC INVESTMENTS FROM OFFER AND CORNERSTONE SUBSCRIPTIONS IS EXPECTED TO BE R4.2 BILLION.GROSS PROCEEDS FROM OFFER WILL INCREASE FROM R1.9 BILLION TO R2.2 BILLION.  Full Article

CORRECTED-South Africa's startup TymeBank could break even by 2022

JOHANNESBURG, Feb 26 TymeBank, one of several digital-only startups aiming to shake up South Africa's banking industry, could break even by 2022, the bank's executives said on Tuesday.

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