Arc Fund invests another R81 billion in Rain

[Jan]

Rain's valuation rockets to R22 billion

Mobile network operator Rain’s valuation has leapt by over R4.35 billion in the past six months, according to the latest annual results of shareholder African Rainbow Capital (Arc) Investments.

Arc Investments holds a 20.25% stake in Rain, and it reported that its share grew R881 million from R3.635 billion last year to R4.516 billion in June 2023.

 

[Mekon]

Pity their service is so dismal. Pity they say they will credit for days the service was down but never do.

 

[Gaz{M}]

Worth more than Telkom Group? I don't think so. Isn't the "valuation" just a number that ARC pull out their ass?

 

[oros]

Pity their service is so dismal. Pity they say they will credit for days the service was down but never do.

Especially when you have to make alot of notice to eventually get help....

 

[oros]

Their rain one package needs a big rework! I struggle alot with it and for assistance.

 

[Pak Fa Fui]

Invest R81 billion in a R22 billion company, numbers dont add up

 

[fismail]

Invest R81 billion in a R22 billion company, numbers dont add up

unless there was a typo in the article , this is what it says when I read it at 14h43 on 14th Sep 2023

The company also reported that the ARC Fund made an additional investment of R81 million in Rain during August 2023.

 

[Johand]

Well anybody that reads the article need to go listen to what Warren Buffet says about EBITDA...

I think especially for a technology company depreciation is a real killer...

 

[Sapphiron]

Value of their spectrum, rather than the company