Rain is now valued at R13.1 billion

Jamie McKane

MyBroadband Journalist
Staff member
Super Moderator
Joined
Mar 2, 2016
Messages
5,990
Rain is now valued at R13.1 billion

African Rainbow Capital Investments (ARC) released its financial results for the six months to 31 December 2019, which showed that Rain is valued at R13.1 billion.

Rain now accounts for 27.4% of the African Rainbow Capital Investments fund’s value, up from 26.8% six months earlier.
 

Joseph matane

Senior Member
Joined
Feb 7, 2017
Messages
511
Help me out
"Rain has a strong business-to-business (B2B) division and is currently building a dedicated national LTE-Advanced network"
Does this mean Rain might limit 2CA to fixed LTE-A? Am not well informed but it seems possible in my head of cause.
If new unlimited 24/7 plan offer speed up to 10Mbps that is LTE Cat 4 network and i believe Rain won't discriminate all 4G network plans will be Cat 4 then advanced technology will be made available in Fixed LTE-A model no CA on Mobile Network.
I Know someone here might disagree with that based on facts but it seems possible
 

cr@zydude

Executive Member
Joined
Jul 20, 2008
Messages
7,696
African Rainbow Minerals has proven itself over the years. Tyme looks promising and other than their Pick n Pay issues, I think that they can work once they have a good loan back.

Rain's claimed value is ridiculous though. If it was listed it would fall faster than oil has.
 

Kryptonite

Well-Known Member
Joined
Mar 14, 2006
Messages
404
It's ridiculous that auditors even sign those off. This is exactly how Steinhoff ended up by being able to overstate their base of assets etc etc............this is criminal, it's not worth that and nothing short of fraudulent.
 
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