The Secret Empire: How Patrice Motsepe’s African Rainbow Capital is Quietly Amassing Power
As the veil of secrecy lifts, a shadowy empire built by South African billionaire Patrice Motsepe’s African Rainbow Capital (ARC) has been quietly accumulating wealth and influence. The company, a holding firm with a portfolio of 49 investments, has been secretly funding and controlling key players in the country’s telecommunications and financial sectors.
The latest revelation comes in the form of a staggering R295 million investment in digital bank TymeBank and telecommunications company Rain, both of which are poised to become major players in the industry. The investment is just the latest in a long line of deals that have seen ARC quietly accumulate wealth and influence.
Rain, a 5G standalone network, has solidified its position as an affordable data and mobile service provider, with a customer base of over 9.5 million. TymeBank, meanwhile, has shown strong customer acquisition, surpassing the 9.5 million customer milestone this year, with increasing activity per customer.
But what’s behind ARC’s sudden interest in these companies? Is it a case of astute business sense, or something more sinister? The truth is that ARC’s investment is not just about making a quick buck, but about consolidating power and control over the industry.
Rain’s portfolio of licensed spectrum features capacity and coverage bands, having acquired additional spectrum of 2x10MHz of 700MHz and 20MHz of 2 600MHz in the spectrum auction in 2022. This is a strategic move, designed to give Rain a strong foothold in the industry and limit competition.
Similarly, TymeBank’s growth trajectory is being fueled by ARC’s investment. The bank’s full range of banking products offers value to customers, giving the bank many levers for growth. But what’s behind the bank’s sudden surge in popularity? Is it the quality of its products, or the sheer force of ARC’s influence?
The answer is clear: ARC’s investment is not just about making a profit, but about controlling the narrative and shaping the future of the industry. By quietly accumulating wealth and influence, ARC is able to pull the strings from behind the scenes, shaping the industry to its own advantage.
So, what does this mean for the future of South Africa’s telecommunications and financial sectors? It means that a shadowy empire, built on secrecy and manipulation, is quietly accumulating power and influence. It means that the industry is being shaped by forces that are beyond public scrutiny, and that the public is being kept in the dark about the true nature of these deals.
The time has come to shine a light on the secret empire of Patrice Motsepe’s African Rainbow Capital. It’s time to expose the truth behind their deals and reveal the extent of their influence. The public has a right to know what’s going on, and it’s time to take back control of our industry.
