african rainbow capital (arc)

  1. Jan

    Arc keeps 20.65% Rain stake at R3.635 billion valuation

    Rain's R18 billion valuation African Rainbow Capital (Arc) Investments has released its half-year financial results and announced that it had maintained its 20.25% shareholding of Rain at a R3.635 billion valuation. Dividing the valuation by Arc’s shareholding shows that the company believes...
    • Jan
    • Thread
    • african rainbow capital (arc) african rainbow capital investments (arci) rain telkom
    • Replies: 1
    • Forum: Broadband and IT News
  3. Jan

    African Rainbow Capital confirms Rain will launch mobile services "soon"

    Rain shareholder announces plans for mobile services African Rainbow Capital (Arc) released its interim financial results on Thursday and confirmed that 4G and 5G network operator Rain plans to launch mobile services. This comes after Rain founder and director Michael Jordaan revealed they...
  4. Jan

    Rain to launch mobile 5G in the next year

    Rain plans to launch mobile 5G Rain plans to launch a mobile 5G product within the coming year, according to Johan van Zyl, co-CEO of shareholder African Rainbow Capital (ARC). Van Zyl also provided more details on Rain's plans to add to its fixed 4G and 5G offerings during an interview with...
    • Jan
    • Thread
    • african rainbow capital (arc) african rainbow capital investments (arci) rain
    • Replies: 5
    • Forum: Broadband and IT News
  5. Jan

    ARC says will Rain will be fixed and mobile "player of note" in South Africa

    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...
    • Jan
    • Thread
    • 4g 5g african rainbow capital (arc) african rainbow capital investments (arci) johan van zyl rain telkom
    • Replies: 14
    • Forum: Broadband and IT News
  6. Jan

    TymeBank acquiring fintech business loans company Retail Capital

    TymeBank to acquire Retail Capital TymeBank plans to bolster its business banking offering with a series of initiatives, including a proposed acquisition of Retail Capital. Retail Capital is a fintech company providing funding to small and medium-sized businesses in South Africa.
    • Jan
    • Thread
    • african rainbow capital (arc) coen jonker retail capital tymebank
    • Replies: 0
    • Forum: Broadband and IT News
  7. Jan

    ARC Investments expecting cash from Metrofibre sale soon

    ARC stake in Metrofibre sold African Rainbow Capital (ARC) Investments has sold its stake in Metrofibre Networx and expects to receive the cash this week. Responding to questions during an investor call on Thursday, ARC co-CEO Johan van Zyl said he expects the money to clear into their bank...
    • Jan
    • Thread
    • african rainbow capital (arc) african rainbow capital investments (arci) ed stumpf johan van zyl metrofibre networx
    • Replies: 0
    • Forum: Broadband and IT News
  8. Jan

    Rain's investors are smiling

    Rain's billionaires African Rainbow Capital’s (ARC’s) interim results for the six months ended 31 December 2021 revealed that it values Rain at R16.6 billion, an increase of R287 million over the last six months. The increased valuation is partly thanks to the mobile operator’s strong...
    • Jan
    • Thread
    • african rainbow capital (arc) independent communications authority of south africa (icasa) michael jordaan patrice motsepe paul harris rain
    • Replies: 7
    • Forum: Broadband and IT News
  9. Jan

    Rain on track to make more than R1 billion - ARC

    Rain to make more than R1 billion Rain is on track to exceed its budgeted R1 billion earnings before interest, taxation, depreciation, and amortisation for the year ended February 2022. This is according to African Rainbow Capital’s interim results for the six months ended 31 December 2021.
  10. Jan

    TymeBank raises R1.1 billion - Tencent and CDC Group buy stake

    Tencent invests in TymeBank TymeBank has raised over R1.1 billion and brought two new shareholders onboard — Tencent and CDC Group.
    • Jan
    • Thread
    • african rainbow capital (arc) african rainbow capital investments (arci) cdc group tencent tymebank
    • Replies: 27
    • Forum: Broadband and IT News
  11. Jan

    Crossfin acquired by African Rainbow Capital in R1.5 billion transaction

    African Rainbow Capital acquires Crossfin in R1.5 billion transaction ARC Financial Services is part of a consortium that has entered into agreements to acquire 100% of Crossfin Technology Holdings.
  12. Jan

    Why ARC dropped Rain's valuation by R791 million

    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...
  13. Jan

    Rain is profitable and on track to generate R1 billion EBITDA this year

    Rain on track to make R1 billion this year ARC co-CEO Johan van Zyl said Rain has been profitable in 2021 and is set to generate R1 billion in EBITDA (earnings before interest, taxes, depreciation, and amortization) this year. Speaking to investors, van Zyl said if Rain did not accelerate the...
  14. Jan

    Rain’s valuation drops to R16.357 billion

    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 its...
  15. Jan

    Patrice Motsepe's business empire

    All the companies Patrice Motsepe owns Patrice Motsepe is one of South Africa’s most successful businessmen with shareholdings in many of the country’s top companies, including Sanlam, Rain, Alexander Forbes, and TymeBank. Motsepe is also a shareholder in Mamelodi Sundowns and the Blue Bulls...
    • Jan
    • Thread
    • african rainbow capital (arc) african rainbow minerals (arm) alexander forbes blue bulls confederation of african football (caf) mamelodi sundowns patrice motsepe rain sanlam tymebank
    • Replies: 48
    • Forum: Broadband and IT News
  16. Jan

    How ARC co-CEOs' made R192 million betting big on ARC Investments share price

    ARC co-CEOs' incredible R370 million bet African Rainbow Capital (ARC) co-CEOs Johan van Zyl and Johan van der Merwe made R192 million in less than a year by betting big on the ARC Investments share price. On 30 April 2021, Van Zyl and Van der Merwe bought 67,272,736 of ARC Investments’s...
    • Jan
    • Thread
    • african rainbow capital (arc) johan van der merwe johan van zyl
    • Replies: 8
    • Forum: Broadband and IT News
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