Rain shareholder African Rainbow Capital (ARC) Investments has valued the wireless broadband upstart at R22.2-billion, nearly twice Telkom’s current market capitalisation. Rain, which makes up 27.6% of ARC’s ARC Fund portfolio (it also includes its stake in TymeBank), raised the value…
Mobile network operator Rain’s valuation has leapt by over R4.35 billion in the past six months, according to the latest annual results of shareholder African Rainbow Capital (Arc) Investments. Arc Investments holds a 20.25% stake in Rain, and it reported…
African Rainbow Capital Investments (ARC Investments), the empowered investment company backed by Patrice Motsepe, has reported a notable rise in the value of its underlying portfolio. The JSE-listed investment holding company, the only asset of which is the ARC Fund,…
ARC Investments Annual financial results announcement for the year ended 30 June 2023 14 September 2023 ARC INVESTMENTS ANNOUNCES ROBUST ANNUAL GROWTH AND NOTABLE PROGRESS IN RESHAPING THE PORTFOLIO HIGHLIGHTS Significant advances at several of the large early-stage portfolio…
Intrinsic net asset value per share has shown decent growth African Rainbow Capital Investments (commonly referred to as ARC) has been a disappointment for investors, with a history of large management fees at the expense of shareholders. A recent change to…
Kropz said that its subsidiary Kropz Elandsfontein has further extended a loan facility of 250 million South African rand ($13.3 million) to meet immediate and near-term funding requirements at the Elandsfontein project in South Africa. The phosphate company said Thursday…
Aim-listed Kropz, which operates the Elandsfontein phosphate mine, in South Africa, has secured a R250-million loan facility from the African Rainbow Capital (ARC) Fund to meet the immediate and additional near-term funding requirements at Elandsfontein as it progresses commercial sales, as…
Mobile network operator Rain’s valuation has increased by R4.35 billion to R22.3 billion over the last six months thanks to improved business performance and acquiring additional spectrum. The latest valuation was revealed in African Rainbow Capital Investments’ (ARCI’s) audited annual…
African Rainbow Capital (ARC) saw a significant increase in the company’s intrinsic value in the 2023 financial year and completed acquisitions of almost R2 billion. However, the company’s debt also skyrocketed by over 50% in the period. ARC released its…
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