remgro

  1. Hanno Labuschagne

    Impressive turnaround for Seacom

    Impressive turnaround for Seacom Remgro released its financial results for the year ended 30 June 2021, which revealed that Seacom improved its headline earnings by 360% over the last year. Seacom is best known for launching Africa’s first broadband submarine cable system along the continent’s...
  2. Jan

    Vumatel sees 50% revenue increase, CIVH valuation now at R27 billion

    Vumatel and DFA now worth R27 billion Remgro released its financial results for the year ended 30 June 2021, which revealed a strong performance of Community Investment Ventures Holdings (CIVH). CIVH is a growing telecommunications player through its subsidiaries, Vumatel and Dark Fibre Africa...
  3. Jan

    Johann Rupert's business empire

    All the companies Johann Rupert owns Johann Rupert is one of South Africa's best-known billionaires with shareholding in a large number of South African and international companies. Bloomberg estimated Rupert's wealth at $9.61 billion — around R140 billion — which gives an idea of the scale of...
  4. Jan

    Vumatel and DFA now have a higher valuation than Telkom's market cap

    Vumatel and DFA now more valuable than Telkom Community Investment Ventures Holdings (CIVH), which owns Vumatel and DFA, is valued at R23.2 billion — higher than Telkom’s market cap of R22.3 billion. Remgro revealed this valuation in its recent announcement about a CIVH rights offer in which...
  5. Jan

    Remgro raises R3.72 billion in equity, pays off debt incurred to buy Vumatel

    Vumatel owner raises R3.72 billion Remgro announced that it is participating in a rights offer being undertaken by Community Investment Ventures Holdings Proprietary Limited (CIVH), which successfully raised R3.72 billion in equity. Prior to the transaction, Remgro held a 55.2% stake in CIVH.
  6. Jan

    CIVH is getting a new name

    New name for South African telecoms powerhouse Community Investment Ventures (CIVH), which owns Vumatel, DFA, and Sqwidnet, is set to change its name and company branding. This is feedback from CIVH CEO, Raymond Ndlovu who spoke to MyBroadband about the planned CIVH brand change. CIVH is...
  7. Jan

    Thinus Mulder steps down as DFA CEO

    DFA CEO resigns ICT-focused investment-holding company Community Investment Ventures Holdings (CIVH) announced that Thinus Mulder will step down as CEO of its subsidiary DFA on 30 September 2021. CIVH group CEO and DFA chairman, Raymond Ndlovu, thanked Mulder for his contribution in overseeing...
  8. J

    South Africa's new fibre and telecoms giant

    South Africa's new fibre and telecoms giant Remgro recently released its financial results for the six months ended 31 December 2019, which revealed that it is building a new telecommunications powerhouse in South Africa. Remgro, through Community Investment Ventures Holdings (CIVH), owns two...
  9. J

    Remgro is building a telecoms powerhouse in South Africa

    Remgro is building a telecoms powerhouse in South Africa Community Investment Ventures Holdings (CIVH), which is 54% owned by Remgro and 35% by NewGX, is growing into a South African telecommunications powerhouse with very valuable assets. CIVH currently owns Vumatel and Dark Fibre Africa...
  10. J

    Johann Rupert considers selling R22-billion stake in fibre networks

    Johann Rupert considers selling R22-billion stake in fibre networks 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 $1.5 billion (R22-billion), people with knowledge of the matter...
  11. Kevin Lancaster

    Internet Solutions in talks to buy Dark Fibre Africa – Report

    Internet Solutions in talks to buy Dark Fibre Africa – Report Remgro is in talks to sell Dark Fibre Africa to Internet Solutions, according to a report by Bloomberg.
  12. rpm

    No desire for DSTV revenge: Rupert

    No desire for DSTV revenge: Rupert Johann Rupert has dismissed a newspaper column claiming that he wants revenge for "a bust-up 16 years ago with his then pay-TV partner, Naspers CEO Koos Bekker."
Top