African Rainbow Capital (ARC)
African Rainbow Capital (ARC) is a fully Black owned and controlled company focusing on the South African and African financial services industry and businesses that deliver exceptional returns on equity. It is listed on the JSE, under the Finance – Speciality Finance sector.
Ubuntu-Botho Investments was created in 2004 with its initial main purpose building black controlled capital through being Sanlam's empowerment partner. In addition the vision of Ubuntu-Botho Investments from the outset was to make a difference in the lives of ordinary South Africans by being the premier black-owned and controlled financial services entity.
The first phase of realising this vision was the accumulation of capital in partnership with Sanlam. This objective has now largely been achieved, with Ubuntu-Botho Investments holding about 14.5% of Sanlam's issued shares and being valued at about R17bn at present.
The second phase will entail partially investing this capital in African Rainbow Capital, which is set to become a leading South African based, black owned and controlled financial services company.
ARC's business philosophy has dual aims – benefitting its stakeholders and positively contributing to the lives of South Africans.
Its vision is to be a leading provider of financial services, covering the full spectrum of fiscal needs, such as life insurance, health care, asset management, general financial services, short-term insurance, property and banking. ARC does this by building strategic partnerships, both in South Africa and further afield, by obtaining equity stakes in product providers. Astute capital management is used to create the best possible return on equity. In this way, ARC creates value for its stakeholders.
ARC makes a difference on a much broader front by supporting deserving communities and causes through wide-ranging social and corporate investment initiatives. ARC strives to uplift previously disadvantaged individuals and assist them to achieve financial independence during their lives. ARC also supports diverse groups such as trade unions, churches, traditional leaders, women and the youth through Ubuntu-Botho Investments, which is Sanlam’s empowerment partner and which owns ARC.See more