TymeBank, Rain boost ARC portfolio value
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…
Rain’s valuation jumps to R18 billion
African Rainbow Capital Investments (ARC) has reported an 11.3% increase in its intrinsic portfolio value, to R13 659 million - Co-CEO Johan van Zyl says Rain's contentious merger offer for Telkom is still in the works African Rainbow Capital Investments (ARC)…
Rain will be “player of note” in fixed and mobile broadband
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…
Motsepe’s ARC sets aside R350-million for fintech investments
African Rainbow Capital Investments is planning to expand its portfolio and has entered negotiations to add a fintech conglomerate to the group. The firm, controlled by South African billionaire Patrice Motsepe through his Ubuntu-Botho Investments company, already owns branchless TymeBank and…
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…
