In August 2018, South Africa’s leading empowerment investment holding company, African Rainbow Capital (ARC) Investments, acquired 25% of Moloto’s share capital via ARC Fund. ARC Investments is a JSE listed investment holding company backed by Dr Patrice Motsepe that seeks to utilise its empowerment credentials, balance sheet strength, its leadership team’s track record and its brand as part of its investment strategy. The investment group listed in September 2017 with an asset portfolio of R4.47bn that has since grown to R8.14bn by June 2018. ARC Investments as Moloto’s anchor investor, confirms Moloto’s compelling and leading position in the Black Industrialist middle market space.
At the end of 2016, Moloto raised its Series A funding from Barak Holdings, a Mauritius-based asset management company with a strong international investor base. Merafe and Navaid have previously worked with the principals of Barak on transactions in the South African agribusiness vertical.
Moloto seeks to partner with South Africa’s local development finance institutions and government departments as well as local pension funds and institutional investors to execute on our joint ambitions to drive broad-based transformative change in South Africa.