
17/09/2024
IT’S RAINING PROFITS
African Rainbow Capital (ARC), led by Patrice Motsepe, has invested an additional R295-million in TymeBank and telecom company Rain.
Rain, known for its affordable mobile services, reported R2.5-billion in earnings and saw a R598-million value gain.
TymeBank now has 9.5 million customers and plans international expansion, with strong growth in Vietnam and the Philippines. Profits for both companies are expected soon.