ARC expands portfolio value despite tough trading in 2020

JSE-listed African Rainbow Capital (ARC) experienced a strained trading period in the six months ended December 31, 2020; however, the company says it has seen market sentiment and activity in certain sectors improving since. ARC’s intrinsic investment value in its ARC Fund increased by 16.6% to R11-billion at the end of the six months under review, compared with a fund value of R9.9-billion at the end of June 30, 2020.

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