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.
Community Investment Ventures Holdings, the parent company of the fibre network operators, posts a loss for the year ended 30 June.
Comms minister Solly Malatsi acknowledges the commitment to lower-cost broadband packages, broader coverage and improved connectivity.
The watchdog reaches agreement with the firms on revised conditions that remedy the competition concerns raised for the merger to be prohibited.
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 watchdog issues an order barring the proposed transaction involving mobile operator Vodacom and fibre infrastructure company Maziv.
Moses Mashisane moves to Maziv, after a career spanning over 20 years at MTN, where he most recently served as regulatory affairs GM.
The operator is not opposing the merger, nor does it support a prohibition of the proposed R10 billion transaction.
Sigfox South Africa Launch
European internet of things (IOT) wireless network operator Sigfox has officially launched its South African operations. #newsvideo #sigfox #iot