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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 rockets to R22 billion

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…

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Rain is now valued at R18 billion

In what has been a whirlwind journey for Rain, growing rapidly and garnering a large, loyal following for fixed wireless broadband connectivity. The mobile network operator is now worth R18 billion, a jump of more than R1.5 billion in a…

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