Rain Mobile is now valued at R17.1 billion

African Rainbow Capital (ARC) released its interim financial results for the six months ended 31 December 2020, which revealed that it values Rain at R17.1 billion. Rain’s valuation showed exceptional growth over the last three years, rising from R9.46 billion in...

Rain executive director steps down

Rain has announced that its chief risk officer, Phumlani Moholi, will step down as an executive director effective from 1 March 2021.“Phumlani will continue to sit on Rain’s board as a non-executive director and remains a shareholder,” Rain said. “Phumlani has been an...

SA poised for wet Christmas

The Department of Water and Sanitation says South Africans are poised for a bumper wet Christmas following persistent rains that fell over large parts of the country in the past month. The latest weekly report by the department shows that the persistent downpours have...
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