Browsing: African Rainbow Capital
South African blockchain-based renewable energy start-up Sun Exchange has raised R50-million from a company backed by one of the country’s richest businessmen.
African Rainbow Capital Investments has attached a remarkable R13.1-billion valuation to Rain, giving it a value 40% above Telkom’s current market capitalisation.
African Rainbow Capital’s banking partner is close to getting a licence that it wants to use to challenge the dominance of South Africa’s biggest lenders. The Commonwealth Bank of Australia has said it will sell 10% of Tyme
Metrofibre Networx, the fibre broadband company led by former Absa CEO Steve Booysen, has secured a new shareholder in the form of African Rainbow Capital (ARC), whose directors include billionaire Patrice Motsepe and former Sanlam CEO Johan van Zyl