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…
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…
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…
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…
Telecommunications operator Rain has seen increasing demand for its rainOne 4G mobile voice offering in the three months since it launched to the South African market. This emerged when Rain’s shareholder, African Rainbow Capital (ARC), today published its full-year financial results…
FIFI PETERS: African Rainbow Capital, the investment firm founded by Patrice Motsepe, released its annual results today. The company, which has investments in a wide range of sectors such as telecommunications, mining, agriculture and financial services, tripled its cash in the year to…
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