african rainbow capital investments (arci)

  1. pratlou

    Billionaire Patrice Motsepe could join $2.9bn Vivendi bid for MultiChoice

    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...
  2. 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...
  3. Jan

    Source says MTN didn't walk away from Telkom deal over exclusivity demand

    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...
  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...
  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...
  6. Jan

    ARC sets Rain's worth at over R18 billion

    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%...
  7. Jan

    Telkom and MTN issue further cautionary announcement to shareholders

    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...
  8. Jan

    Rain retracts press release about Telkom merger offer

    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...
  9. 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...
  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.
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