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…
The African Rainbow Gold Cup – featuring 32 teams from around South Africa – kicks off in September following a four-year hiatus and will introduce a new and exciting knockout format, which has never been seen before in the nationwide…
Salary advance delivers significant benefits for cash-strapped employees TymeBank, South Africa’s fastest-growing digital bank, is helping South African businesses reduce their employees’ financial stress with TymeAdvance, a zero-interest solution that gives staff early access to their earned salary, while protecting…
South Africans have three banks to choose from that don’t require visiting a branch to open an account or perform a variety of everyday transactions — Bank Zero, Discovery Bank, and TymeBank. MyBroadband compared these banks’ prices and user experiences…
TymeBank is helping South African businesses reduce their employees’ financial stress with TymeAdvance, a zero-interest solution that gives staff early access to their earned salary, while protecting them from expensive debt. “Consumers are having a tough time making ends meet,…
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…
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…
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