We have mentioned in previous posts that we like the African Rainbow Capital Investments (ARCInvest) story and believe it to offer investors an attractive entry point to great South African businesses.
The company presently trades at a steep discount to Net Asset Value (NAV) – greater than 50% – and the market is looking for a catalyst to see this gap narrow.
Simon Brown (JustOneLap) and Deryck Janse van Rensburg of Anchor Securities dissect African Rainbow Capital: