African Rainbow Capital Investments

Patrice Motsepe’s ARC Investments does U-turn on fund fees

Motsepe’s business abandons plans to use R205m from a share sale to fund management fees

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African Rainbow Capital Investments (ARC Investments), an investment holding outfit backed by Patrice Motsepe, caved in to investor pressure over plans to use a third of a proposed R750m rights offer to pay fund management fees, saying the plan is now off the table...

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