Why Rain’s valuation dropped by R791 million
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…
Lower returns push Patrice Motsepe’s ARC out of Metrofibre
Four years after picking up a stake in Metrofibre, African Rainbow Capital (ARC) is exiting the business, citing lower returns expected by the investment firm. ARC, which released its full-year results on Tuesday, says it has reached an agreement to…
