Rise and Shine got off to the perfect start as Jabu Maluleke's free-kick found Rodney Ramagalela, who slotted home to hand the visitors the lead.
Three minutes later, Clinton Larsen's charges were level as Knox Mutizwa headed past George Chigova, following a cross from the byline.
Mutizwa nearly doubled Arrows' lead on 26 minutes, but the striker saw his effort palmed away by Polokwane shot-stopper Chigova.
Arrows ended the half as the stronger side, but they were unable to take a lead into the halftime break.
Polokwane had a couple chances in the opening exchanges of the second half, but they failed to take advantage.
The visitors then took the lead on 70 minutes as Sammy Seabi got on the score-sheet by turning home Ramagalela's cross.
However, Larsen introduced Chiedu six minutes later and it was the Zimbabwean who got the equaliser in stoppage time.
Arrows now remain unbeaten this season, although they missed the chance to move top.