JSE-listed African Rainbow Capital (ARC) says its diverse investment portfolio has shown remarkable resilience in what was challenging macroeconomic conditions for all the firms it is invested in, in the six months ended December 31, 2022. ARC’s intrinsic investment value in the African Rainbow Capital Fund (ARC Fund) increased by 0.2% from R13.24-billion as at June 30, 2022, to R13.27-billion at the end of December 31, indicating stability.