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...
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...
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...
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...
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.
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.
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...
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...
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...
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...