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Rain now valued at twice Telkom’s market cap

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…

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Rain’s valuation jumps to R18 billion

 African Rainbow Capital Investments (ARC) has reported an 11.3% increase in its intrinsic portfolio value, to R13 659 million - Co-CEO Johan van Zyl says Rain's contentious merger offer for Telkom is still in the works African Rainbow Capital Investments (ARC)…

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