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Rain hits R25 billion valuation
The valuation of mobile network operator Rain has increased by almost R3 billion over the past year, according to the latest annual results of shareholder African Rainbow Capital Investments (ARCI).
ARCI, where billionaire Patrice Motsepe is a major shareholder and chairman, revealed that it invested a further R160 million in Rain in August 2024, bringing its shareholding in Rain to 21.0%.
The valuation of mobile network operator Rain has increased by almost R3 billion over the past year, according to the latest annual results of shareholder African Rainbow Capital Investments (ARCI).
ARCI, where billionaire Patrice Motsepe is a major shareholder and chairman, revealed that it invested a further R160 million in Rain in August 2024, bringing its shareholding in Rain to 21.0%.