The growth, it said, is the result of good financial performances by some of the businesses it has invested in, including Rain, TymeBank in South Africa, Tyme Global in Singapore, Alexforbes, Fledge Capital and Capital Legacy.
“Notwithstanding difficult trading conditions, most of the key assets in our portfolio delivered strong results, while others continue to show improvements in their financial performance. Despite the adverse trading conditions, the diversified nature of our investment portfolio has shielded the overall performance of the portfolio from the vagaries of the market.”
Rain continues to do well on the sale of both 4G and 5G products as the company continues to enjoy good demand for its products; It has launched several hundred TFG kiosks in August 2022 to be rolled out over a period of four months.