ARC Investments plans a JSE delisting, with moves afoot to bring the company back to South Africa from Mauritius.
Browsing: African Rainbow Capital
Rain shareholder African Rainbow Capital Investments has valued the wireless broadband operator at R25-billion.
Patrice Motsepe is in talks with Canal+ to join the multibillion-dollar bid for MultiChoice Group, sources have said.
TymeBank, in which African Rainbow Capital is majority shareholder, has “onboarded” its eight millionth client.
Rain shareholder African Rainbow Capital Investments has valued the wireless broadband upstart at R22.2-billion.
The wireless data provider is set to record more than R2-billion in full-year Ebitda, after IFRS 16 adjustments, shareholder ARC Investments said.
Rain, which provides wireless, data-only services, plans soon to launch a mobile service, one of its shareholders said.
African Rainbow Capital Investments has attached a valuation to wireless Internet operator Rain of R17.9-billion, a 7.9% increase over last year’s figure.
TymeBank on Wednesday announced that it is acquiring Retail Capital, a fintech company that offers finance to SMEs.
African Rainbow Capital is switching to investing in digital banks and financial start-ups, while shunning mining stocks, saying the boom in commodity prices maybe overdone.