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...
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...
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...
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...