Articles about Patrice Motsepe

Multi-billion funding bolsters Tyme Group valuation

The Patrice Motsepe-owned digital banking group is now valued at R26.7 billion after securing R4.4 billion in the latest capital raise, to fuel its next phase of growth.

Motsepe’s TymeBank looks to expand into new markets

TymeBank achieves sustainable profit levels, while GoTymeBank continues to track in line with its key metrics, says ARC.

Motsepe’s ARC pumps R295m into Rain, TymeBank

African Rainbow Capital makes additional investments in Rain and Tyme Group, of R126 million and R169 million, respectively.

Motsepe’s ARC pumps R81m into Rain

Billionaire Patrice Motsepe’s Africa Rainbow Capital makes an additional R81 million investment in the telecoms company.

Motsepe’s TymeBank to conclude new funding round

The digital bank is closing its Series C capital raise with a combination of existing and new shareholders.

Sola Group begins construction of R2.5bn solar plant

The independent power producer receives finance to start construction of a 132MWp solar project in North West province.

Motsepe’s ARC expands solar portfolio with GoSolr stake

African Rainbow Capital buys a minority shareholding in GoSolr, a residential solar energy company based in SA.

Motsepe’s TymeBank garners 7m customers since launch

Across its two markets – SA and the Philippines – the business is growing at a pace of 300 000 new customers a month.

TymeBank reaches 6.2m clients as Motsepe injects R2bn

Billionaire Patrice Motsepe-controlled African Rainbow Capital has pumped close to R2 billion into the digital bank.

Rain moves into mobile with expectations of R2bn revenue

Utilising newly-acquired spectrum, the data-only network plans to soon launch a mobile service, to expand its subscriber base and generate additional revenue.

TymeBank’s Retail Capital buyout deal gets thumbs up

The Competition Tribunal unconditionally approves the merger, whereby TymeBank intends to acquire the entire issued share capital in Retail Capital.

Fintech tops Motsepe’s ARC investment priority list

African Rainbow Capital anticipates growth of fintech and positions to capture opportunities in the sector.