Raymond Ndlovu is appointed as non-executive chairman of logistics, transportation and financial services group Grindrod.
Community Investment Ventures Holdings, Remgro’s fibre asset company, contributes R264 million to the firm’s headline earnings.
The cash injection and assets from Vodacom will help Maziv to scale its business, as it targets passing 50 000 homes per month with fibre.
Community Investment Ventures Holdings, the parent company of the fibre network operators, posts a loss for the year ended 30 June.
The Maziv-Vodacom merger approval paves the way for accelerated fibre rollout across SA, says the fibre giant.
The Competition Tribunal found that the proposed merger between Vodacom and Maziv “cannot be justified on substantial public interest grounds”.
CIVH’s headline earnings amount to a loss of R141 million, compared to a profit of R6 million in the comparative period, says Remgro.
The Competition Appeal Court informs Vodacom and Remgro that hearing dates have been reserved for 22 to 24 July.
The proposed transaction does not raise significant public interest concerns, says the Competition Commission.
The parent company of Dark Fibre Africa and Vumatel plans to invest R10 billion in the next phase of the business, with a focus on underserviced areas.
Moses Mashisane moves to Maziv, after a career spanning over 20 years at MTN, where he most recently served as regulatory affairs GM.
The group remains intensely focused on achieving a favourable outcome on the proposed transaction between Vodacom and CIVH.
Sigfox South Africa Launch
European internet of things (IOT) wireless network operator Sigfox has officially launched its South African operations. #newsvideo #sigfox #iot