| Rain (Pty) Ltd | |
| Type: | Private |
| Isin: | MU0553S00000 [1] [2] |
| Industry: | Telecommunications |
| Founders: | Brandon Leigh[3] |
| Location City: | Johannesburg |
| Area Served: | South Africa |
| Products: | Mobile telephony Internet services |
| Parent: | AFRICAN RAINBOW CAPITAL INVESTMENTS LTD.[4] |
| Homepage: | |
Rain or Rain (Pty) Ltd is a South African mobile communications company, providing voice, messaging, data and converged services.[5]
Rain (Pty) Ltd launched in February 2018, and began providing data only services using 3000 of their own cell towers and leasing infrastructure from Vodacom and MTN.[6] Clients who were interested on using the services create an online profile and the SIM card would be delivered by CCD Couriers
In June 2020, rain announced the addition of 1500 5G standalone towers to be launched in 2021[7] [8] [9]
Rain offers data-only mobile network services in South Africa. They provide 4G and LTE services through a partnership to use Vodacom and MTNs infrastructure.[10] [11] It launched The first Standalone 5G (3600) network in the country. Powered by Huawei.[12] [13]
Rain’s Standalone 5G is currently available in major metropolitan areas around the country.
In August 2020, the advertising appeal committee of the advertising regulatory bureau banned rain from claiming unlimited 5G 24/7 after receiving multiple complaints from the public[14] [15]
in October 2021, Telkom has approached Independent Communications Authority of South Africa (ICASA) to report spectrum arrangements between competitors Vodacom and Rain.[16] Telkom argues Vodacom’s ability to control Rain’s spectrum entrenches its position as a dominant player in a highly concentrated market. An investigation is still underway.[17] [18]
| Rain Shareholders[19] [20] | ||||
| Company | Shareholding | Notable Directors | Value | |
| Quarme Private Equity Investments | 41.36% | Paul HarrisNicola Harris | R6.22 billion | |
| UBI General Partner | 19.93% | Patrice MotsepeJohan van ZylJohan van der Merwe | R3.00 billion | |
| Pluvial | 11.75% | Willem RoosRoger GroblerRavi Naidoo | R1.77 billion | |
| Montegray Capital | 11.53% | Michael Jordaan | R1.73 billion | |
| Ata Fund 1 | 6.42% | Nicola HarrisKgotlello Sere | R0.96 billion | |
| Arakot | 3.41% | Catherina Heunis | R0.51 billion | |
| Institute X Idea Incubators | 2.30% | Phumlani MoholiBrandon Leigh | R0.35 billion | |
| Employee Trust | 1.70% | — | R0.26 billion | |
| Management | 1.32% | — | R0.20 billion | |
| Pralene | 0.28% | Grant Gelink | R0.04 billion | |