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Fair Value: 3314
% of Fund Value: 27.9
The telecommunications company has an initial focus on data as a primary offering and the goal of becoming a full-service mobile network operator.

Rain is intended to be a “full service” Mobile Network Operator, focusing on data as a primary offering. The major assets constitute spectrum licenses and Rain has made significant progress in building a dedicated national LTE Advanced network in the valuable under-utilised frequencies. Among other frequencies, Rain currently holds an allocation in the 1800 MHz band, along with the other major operators, as well as an allocation in the sought after 2.6GHz band, where it holds the only licence.

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African Rainbow Capital eyes a bigger slice of fintech pie

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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
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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
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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
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Rain’s valuation takes a hit — but it is still over R16 billion

African Rainbow Capital (ARC) released its financial statements for the year ended 30 June 2021, which revealed that it values Rain at R16.357 billion. ARC owns a 20.26% stake in Rain, down from 20.7% a year ago. The value of
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Patrice Motsepe’s ARC continues to bet on SA: ‘Still huge opportunities here’

Bruce Whitfield interviews co-CEO Johan van der Merwe about African Rainbow Capital’s year-end results and future plans. Patrice Motsepe’s African Rainbow Capital (ARC) has posted its results for the year ended 30 June 2021. The company’s intrinsic portfolio value increased by
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Motsepe’s TymeBank plans new salary advance products

Digital bank TymeBank is set to introduce new salary advance products in the new financial year, as the bank seeks to diversify its client base. Salary advance products include the bank agreeing to give clients a portion, or the entirety, of
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African Rainbow Capital’s portfolio expands on back of fair value gains

JSE-listed African Rainbow Capital’s (ARC’s) intrinsic portfolio value increased by 16.3% from R10.55-billion as at June 30, 2020, to R12.27-billion as at June 30, this year. Net fair value gains accounted for R909-million of the increase and net investments for
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