Patrice Motsepe's African Rainbow Capital Set To Disrupt South Africa's Banking Sector After Acquiring 10% Of TYME

Patrice Motsepe's African Rainbow Capital (ARC) is reported to being close to acquiring a banking licence in South Africa. This is after ARC announced and concluded the purchase of 10% equity in FinTech company, TYME, owned by the Commonwealth Bank of Australia. TYME, is an acronym for 'Take Your Money…

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South African Billionaire Patrice Motsepe's African Rainbow Capital Has Acquired A 20% Stake In LTE Provider Rain

Patrice Motsepe's African Rainbow Capital (ARC) has acquired a 20% stake in South African LTE provider, Rain. Apart from the equity stake that ARC will be acquiring, the deal details and amount were not disclosed. “We are delighted to partner with African Rainbow Capital and look forward to the strategic…

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