Wi-fi community supplier Rain is price virtually R26-billion, based on the newest valuation by certainly one of its key shareholders, Patrice Motsepe’s African Rainbow Capital (ARC) Investments.
ARC Investments disclosed the determine on Tuesday in its unaudited interim monetary outcomes for the six months to end-December 2024. The rise in valuation is partially as a consequence of ARC’s funding fund buying shares from present shareholders of Rain. It additionally displays funds invested in new ventures by the wi-fi information operator.
ARC Investments now holds a 21.76% stake in Rain, up from 21% in June 2024. That stake has a price hooked up to it of R5.64-billion, which means the implied valuation of 100% of Rain is now R25.91-billion, based on TechCentral calculations. That places its valuation effectively forward of a lot bigger rival Telkom, which had a market cap at Monday’s market shut in Johannesburg of R18-billion.
Rain, the biggest element of the ARC funding fund, now makes up 27.6% of the fund worth.
“The worth of the corporate’s curiosity in Rain has elevated by R399-million (acquisitions and web revaluations) to R5.64-billion within the interval underneath assessment. The rise in honest worth was on account of the enterprise progressing previous the numerous web money outflow interval, along with the profitable launch of rainOne and the utilisation of the spectrum acquired within the final public sale,” ARC Investments stated.
‘Stable basis’
ARC Investments had valued Rain at R25-billion at its final set of monetary outcomes, the full-year to June, revealed final September.
“Rain has established a stable basis and continues to take pleasure in excessive subscriber development pushed by the robust efficiency of its rainOne and Rain cellular choices. Its community obtained a major improve to Huawei’s Apollo 5.5G, enhancing efficiency and capability,” it stated.
Learn: Rain standalone cellular product launched at R165/month
ARC Investments introduced individually on Tuesday that it plans to delist from the JSE and A2X inventory markets in South Africa and to redomicile the corporate from Mauritius to South Africa. – © 2025 NewsCentral Media
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