Cape Town – Billionaire Patrice Motsepe’s African Rainbow Capital Investments (ARCI) has announced plans to delist from the Johannesburg Stock Exchange (JSE) and relocate from Mauritius to South Africa.
Acccording to Daily Invest, the company revealed on 18 March 2025, plans to purchase all ordinary shares in ARCI, aiming to enable the delisting of ARCI, ARC, and ARC SPV.
“Subject to the relevant approvals, the offer will result in the delisting of ARCI from the exchange operated by JSE and A2X Markets,” the report quoted the ccompany as saying.
African Rainbow Capital has finally made the call to delist from the JSE & A2X;
AND move its HQ from Mauritius to South Africa to cut costs & improve tax efficiency
Its offering R9.75 per share to buy out investors
ARC, chaired by Patrice Motsepe, owns Tyme Bank & Rain
— Fifi Peters (@FifiPeters) March 18, 2025
The company will acquire all ordinary shares in ARCI to facilitate this delisting, offering shareholders R9.75 per share, a 12.6% premium over the previous closing price.
ARCI’s current structure, established in Mauritius for its business-friendly environment and tax benefits, failed to attract significant international funding.
African Rainbow Capital chaired by @PatriceMotsepe1 call to delist from @JSE_Group pic.twitter.com/pSuqOM7AbZ
— ⚡️Africa_Watcher (@afri_watcher) March 18, 2025
“This strategy has not materialised to the extent expected,” the company said.
Additionally, the cost of operating in Mauritius has become increasingly expensive, and changes in tax legislation have led to inefficiencies for South African shareholders.
The shift to South Africa aims to optimise operations and better reflect the value of its investments in South African companies.
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Compiled by Betha Madhomu
