South African billionaire Patrice Motsepe is in talks with Vivendi SE’s Canal+ to join its multibillion-dollar bid for broadcaster MultiChoice Group, according to people familiar with the matter.
Bringing South Africa’s richest Black man into the deal would likely help the French media...
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...
Inside story of why MTN walked away from the Telkom deal
MTN didn’t walk away from negotiations to acquire Telkom over exclusivity demands, a source close to the matter told MyBroadband.
Earlier this week, Telkom informed shareholders that MTN ended their discussions on 18 October because it...
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...
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...
Rain's valuation jumps to R18 billion
Mobile network operator Rain's valuation has jumped by more than R1.5 billion in the past year, according to the latest annual results of shareholder African Rainbow Capital (Arc) Investments.
Arc said the value of its interest in Rain increased 9.7%...
Everyone wants a piece of Telkom
MTN and Telkom have issued cautionary announcements on the Johannesburg Stock Exchange news service confirming that discussions between the two companies are still underway.
This comes after Telkom received several unsolicited offers in recent weeks, including...
Rain retracts Telkom merger offer announcement
Rain has withdrawn its announcement stating that it submitted a merger proposal to the Telkom board.
“As Rain, we are pleased with Telkom’s SENS announcement stating that if an offer or formal proposal is received from Rain, the board of Telkom...
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...