Rain is now valued at R17.1 billion

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Jamie McKane

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Rain is now valued at R17.1 billion

African Rainbow Capital (ARC) released its interim financial results for the six months ended 31 December 2020, which revealed that it values Rain at R17.1 billion.

Rain’s valuation showed exceptional growth over the last three years, rising from R9.46 billion in December 2017 to R17.1 billion now.
 
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Rain’s mobile and 5G subscriber signups increased from 10,000 and 20,000 per month before the lockdown to 60,000 and 80,000 after the lockdown hit.
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I would love to see what those numbers look like now. Every single person I know who bought a Rain SIM card during lock down cancelled their service a few months in because of the terrible speeds. I personally switched my backup connection away from Rain to a fixed LTE solution with a limited cap because the speeds were so bad.
 
SilverCode said:
I would love to see what those numbers look like now. Every single person I know who bought a Rain SIM card during lock down cancelled their service a few months in because of the terrible speeds. I personally switched my backup connection away from Rain to a fixed LTE solution with a limited cap because the speeds were so bad.
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Yep, I had mine less than 24 hours...peak time the internet speeds drop to non-existent.
 
SilverCode said:
I would love to see what those numbers look like now. Every single person I know who bought a Rain SIM card during lock down cancelled their service a few months in because of the terrible speeds. I personally switched my backup connection away from Rain to a fixed LTE solution with a limited cap because the speeds were so bad.
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Method said:
Yep, I had mine less than 24 hours...peak time the internet speeds drop to non-existent.
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Working absolutely fine here... https://mybroadband.co.za/forum/threads/i-feel-for-all-of-you-with-speed-issues-on-rain-not.1126012/
 
For some people in my area Rain is absolutely useless all the while I've been getting "acceptable" speeds and we use the same towers. Which is strange.
 
BBSA said:
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SilverCode said:
I would love to see what those numbers look like now. Every single person I know who bought a Rain SIM card during lock down cancelled their service a few months in because of the terrible speeds. I personally switched my backup connection away from Rain to a fixed LTE solution with a limited cap because the speeds were so bad.
Click to expand...
Same here. Ever since fibre became active in my area in March. Almost everyone is taking up fibre because we were gatvol of rain and it 0.8mbps speed throughout the day. Almost my entire street has taken up some sort of fibre connection. If my whole area is taken into account, then it looks like fibre was adopted by at least 60% of my area which is around 5-10k people. As fibre continues to expand. I expect Rain to lose a lot of clients due to their terrible reputation.
 
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