Johann Rupert, the billionaire who controls luxury goods giant Richemont, is considering selling stakes in two South African fibre networks valued at as much as R22-billion, people with knowledge of the matter said.
Shareholders in telecommunications company Vox, including Rand Merchant Bank, have agreed to buy out fellow investor Investec as part of a R2-billion recapitalisation of the company.
In its policy paper published this week, national treasury devoted considerable space to the telecommunications sector. Though many of the proposals make sense, an anachronism stuck out. By Duncan McLeod.
Vumatel has started rolling out fibre-to-the-home broadband in Mitchell’s Plain, while at the same time it is finally gearing up to begin a roll-out of fibre in the impoverished Johannesburg suburb of Alexandra.