TymeBank, a home-grown digital banking group controlled by business magnate Patrice Motsepe’s African Rainbow Capital (ARC), now has deposits totalling close to R7 billion. This was disclosed today, when JSE-listed ARC published its interim financial results for the six months…
ARC Investments plans a JSE delisting, with moves afoot to bring the company back to South Africa from Mauritius. Patrice Motsepe’s African Rainbow Capital Investments (ARCI), which owns stakes in TymeBank and Rain, is planning to delist from the JSE and…
Rain is worth almost R26-billion, according to the latest valuation by one of its key shareholders. Wireless network provider Rain is worth almost R26-billion, according to the latest valuation by one of its key shareholders, Patrice Motsepe’s African Rainbow Capital (ARC)…
Billionaire Patrice Motsepe’s Africa Rainbow Capital (ARC) has made an additional R81 million investment in telecoms company Rain. This emerged when ARC, which holds a 20.25% stake in Rain, announced its interim financial results for the six months to 31…
Relative newcomer TymeBank has been crowned News24 Bank of the Year. Acknowledging the relatively brief length of time the bank has been operating, CEO and co-founder Coen Jonker said the team had worked to succeed against the odds. "If you…
SIMON BROWN: I’m chatting in now with Chantal Marx, head of research at FNB Wealth and Investments. Chantal, I appreciate the early morning. You’ve put out a list of five local and five offshore stocks you like. Let’s stick to the…
Kropz said that its subsidiary Kropz Elandsfontein has further extended a loan facility of 250 million South African rand ($13.3 million) to meet immediate and near-term funding requirements at the Elandsfontein project in South Africa. The phosphate company said Thursday…
Aim-listed Kropz, which operates the Elandsfontein phosphate mine, in South Africa, has secured a R250-million loan facility from the African Rainbow Capital (ARC) Fund to meet the immediate and additional near-term funding requirements at Elandsfontein as it progresses commercial sales, as…
Mobile network operator Rain’s valuation has increased by R4.35 billion to R22.3 billion over the last six months thanks to improved business performance and acquiring additional spectrum. The latest valuation was revealed in African Rainbow Capital Investments’ (ARCI’s) audited annual…
African Rainbow Capital (ARC) saw a significant increase in the company’s intrinsic value in the 2023 financial year and completed acquisitions of almost R2 billion. However, the company’s debt also skyrocketed by over 50% in the period. ARC released its…
Please be aware of fraudsters claiming to collect investment deposits using African Rainbow Capital's name. The public can only invest in our business if they have a share trading account.
We will never take direct payment or deposits from the public.
