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…
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)…
Rain intends to be a “player of note” in South Africa’s fixed and mobile broadband market, according to African Rainbow Capital (ARC) co-CEO Johan van Zyl. During ARC’s annual financial results for the year ended 30 June 2022, Van Zyl…
African Rainbow Capital Investments is planning to expand its portfolio and has entered negotiations to add a fintech conglomerate to the group. The firm, controlled by South African billionaire Patrice Motsepe through his Ubuntu-Botho Investments company, already owns branchless TymeBank and…
Rain’s valuation dropped by R791 million in six months because of challenging economic conditions, increased forecasted network investments, and increased employee cost. African Rainbow Capital’s (ARC’s) financial statements for the year ended 30 June 2021 revealed that it values Rain at…
African Rainbow Capital (ARC) released its financial statements for the year ended 30 June 2021, which revealed that it values Rain at R16.357 billion. ARC owns a 20.26% stake in Rain, down from 20.7% a year ago. The value of…
Bruce Whitfield interviews co-CEO Johan van der Merwe about African Rainbow Capital's year-end results and future plans. Patrice Motsepe’s African Rainbow Capital (ARC) has posted its results for the year ended 30 June 2021. The company's intrinsic portfolio value increased by…
African Rainbow Capital Investments is planning to expand its portfolio and has entered negotiations to add a fintech conglomerate to the group. The firm, controlled by South African billionaire Patrice Motsepe through his Ubuntu-Botho Investments company, already owns branchless TymeBank…
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