Remgro-controlled CIVH reduced its losses in the year ended 30 June 2021, with its contribution to headline earnings of a loss of R435-million, from R649-million a year ago.
South Africa’s mobile operators, including Vodacom, MTN and Rain, are set to face a big challenge to their business models from an unexpected quarter: fixed-line broadband. By Duncan McLeod.
CIVH, the Remgro-controlled company that owns Dark Fibre Africa and Vumatel, is now worth more than Telkom, the company that once enjoyed an absolute monopoly over telecommunications in South Africa.
The rapid deployment policy on offer from the government has the potential to transform South Africa and the industry, says Dark Fibre Africa executive Vino Govender.
CIVH, the Remgro-controlled parent of fibre players Dark Fibre Africa and Vumatel, remains interested in participating in government’s planned wholesale open-access network, according to its CEO.
Former Vodacom Group chief technology officer Andries Delport will replace Thinus Mulder as CEO of Dark Fibre Africa, Remgro-controlled DFA parent CIVH said on Monday.
Exclusive | SqwidNet, the Internet of things network operator in the CIVH stable, is at risk of being shut down as it embarks on a major restructuring to slash operating costs.
Remgro has increased its stake in CIVH, the parent of Vumatel and Dark Fibre Africa, following a rights issue used by CIVH to raise capital for expansion and reduce debt.
Promoted | Dark Fibre Africa was recently awarded Top Employer status in South Africa for 2021 by the Top Employers Institute. Company executives Portia Thokoane and Vino Govender explain how they did it in this podcast.
Promoted | As connectivity becomes fundamental to our way of life, the need to deliver quality and cost-effective access by private service providers is of paramount importance. By Vino Govender.