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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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Patrice Motsepe’s African Rainbow eyes 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
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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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African Rainbow Capital Investments on track despite pandemic’s disruptions

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Mobile network Rain ‘a victim of its own success’, says ARC

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Rain continues exponential growth while TymeBank feels lockdown effects, says ARC

Patrice Motsepe’s African Rainbow Capital (ARC) Investments says its mobile data operator Rain is working on connectivity issues as its footprint expands exponentially. When ARC presented its 2020 financial results in March, it said that Rain had started generating profit
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Making it rain – Talking telecoms with the industry’s new kid on the block.

There is so much growth and opportunity within the local telecoms space and the team from Rain is poised to make the most of it. As I write this story, Rain is in the news. Headlines detail Telkom’s calls to
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TymeBank grows customer base to 2.5m, Rain banks on new CEO

TYMEBANK said on Tuesday that it was tracking slightly behind its projections to attract clients, largely due to the national lockdown and sustained financial pressure on consumers even though it managed to grow its customer base to 2.5 million by
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Rain is making good money from Vodacom

Vodacom’s latest results revealed that the biggest contributor to its increase in expenses is its roaming agreement with Rain. Vodacom’s interim results for the six months ended 30 September 2020 showed that its expenses in South Africa increased by 6.9%
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