African Rainbow Capital , the investment house backed by Patrice Motsepe, has brought forward by a year the review of fees it pays a team that runs a fund housing its underlying assets.
The review comes almost a year after the company angered investors for floating the idea that it would use a portion of the R750m proceeds from a rights offer to pay outstanding fees to UBI General Partner for its day-to-day management of the fund...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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