Criminals operating on social media promise high returns while falsely claiming to represent African Rainbow Capital.
The US company cites the local resource pool as among its reasons for establishing its Johannesburg-based operation.
The Competition Commission concludes that the transaction is unlikely to lessen or prevent competition.
Prominent CIO Tshifhiwa Ramuthaga joins the board of directors of JSE-listed African Rainbow Minerals.
Leveraging tech to drive growth and operational efficiency, TymeBank is progressing toward sustainable monthly profitability, says African Rainbow Capital.
Hawks arrest suspect in alleged matric results leak
In this week's tech news roundup, The Directorate for Priority Crime Investigation (Hawks) has made an arrest in the case involving the leaking of the class of 2024 matric results. According to a statement, the Hawks arrested a 21-year-old suspect for the alleged sale of the 2024 matric results on the internet. Stay informed and engaged with our comprehensive coverage of these stories and more on our website, www.itweb.co.za and social media platforms. Discover the latest advancements shaping the future of technology by ITWeb. #newsvideo #CES2025 #whatsapp News Links: https://www.itweb.co.za/article/digital-transformation-genai-to-propel-sas-it-services-market/raYAyqorRZgMJ38N https://www.itweb.co.za/article/hawks-arrest-suspect-in-alleged-matric-results-leak/lLn14MmQYdLMJ6Aa https://www.itweb.co.za/article/dr-patrice-motsepe-targeted-in-deepfake-investment-scam/6GxRKqYQ2Pwqb3Wj https://www.itweb.co.za/article/alarm-over-huge-decline-in-maths-science-matriculants/KWEBbvyLJYNqmRjO https://www.itweb.co.z
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.
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
In this week's tech news roundup, Businessman Patrice Motsepe-controlled African Rainbow Capital (ARC) has made an additional investment of R295 million in digital bank TymeBank and telecommunications company Rain. Stay informed and engaged with our comprehensive coverage of these stories and more on our website, www.itweb.co.za and social media platforms. Discover the latest advancements shaping the future of technology by ITWeb. #newsvideo #arc #tymebank News Links: https://www.itweb.co.za/article/cell-cs-transfer-of-licences-to-blue-label-under-scrutiny/Gb3Bw7WaVENq2k6V https://www.itweb.co.za/article/nec-xon-refutes-alleged-breach-of-sandf-systems/mYZRX79gez6qOgA8 https://www.itweb.co.za/article/motsepes-arc-pumps-r295m-into-rain-tymebank/KBpdgvpmpdY7LEew https://www.itweb.co.za/article/amazon-takealot-accelerate-strategies-amid-competition/JN1gPvOAPaBMjL6m https://www.itweb.co.za/article/parliament-seeks-urgent-ministerial-intervention-on-sapo/raYAyqor5JmMJ38N
African Rainbow Capital makes additional investments in Rain and Tyme Group, of R126 million and R169 million, respectively.
Billionaire Patrice Motsepe’s Africa Rainbow Capital makes an additional R81 million investment in the telecoms company.
The digital bank is closing its Series C capital raise with a combination of existing and new shareholders.
The independent power producer receives finance to start construction of a 132MWp solar project in North West province.
African Rainbow Capital buys a minority shareholding in GoSolr, a residential solar energy company based in SA.