Rain’s value soars 56% in three years
Shareholder African Rainbow Capital remains bullish about the company’s prospects
24 March 2025 - 05:00
UPDATED 26 March 2025 - 14:21
The value of Rain has grown by more than half in three years, says African Rainbow Capital (ARC), which has increased its equity stake in the telecom operator.
Over the years, ARC has seen the value of its investment rise steadily. The entire telecom business is valued at R25.92bn, up from R16.6bn in March 2022 — an increase of 56.1% — according to ARC Investments’ financial statements. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.