Investment holding company African Rainbow Capital (ARC) Investments increased its intrinsic portfolio value by 14.1% to R14-billion during the six-month period to December 31, 2021, up from R12.27-billion as at June 30, 2021, mainly as a result of a net increase of R2-billion in asset values. Its investments in wireless data services company Rain, phosphate production company Kropz and digital financial services company Tymebank are providing ARC with good short- to medium-term prospects as they scale up and grow, said ARC Investments co-CEO Johan van Zyl during a presentation of the company's interim results on March 17.
