Sector: Financials
The company is available at Interactive Brokers
Remgro (JSE:REM) is a diversified investment holding company.
Originally established in the 1940s by the late Dr Anton Rupert, Remgro’s investment portfolio has evolved substantially and currently includes more than 30 investee companies. The Company's interests consist mainly of investments in the banking, healthcare, consumer products, insurance, industrial, infrastructure and media and sport industries.
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Among other transactions, Remgro is fighting to get approval for a multibillion-rand fibre deal with Vodacom.
2024-03-19 10:59 +02:00
CIVH, the parent of Vumatel and Dark Fibre Africa, has reported a 97% plunge in headline earnings.
2024-03-19 07:33 +02:00
Frogfoot and Vox have been ordered to hand over documents related to a probe into the fibre transaction involved Vumatel parent Maziv.
2024-02-05 14:56 +02:00
Thabi Leoka, the businesswoman accused of lying about her academic qualifications, has quit the board of MTN South Africa.
2024-01-23 07:06 +02:00
CIVH, the company whose investments include Vumatel and DFA, has reported a big jump in headline earnings.
2023-09-21 07:31 +02:00
Vumatel is making significant progress with its fibre broadband trial in Alexandra in Johannesburg ahead of a wider roll-out.
2023-09-19 19:26 +02:00
Sigfox South Africa is now on a sustainable growth trajectory, its chief commercial officer has told the TechCentral Show.
2023-08-11 07:00 +02:00
CIVH, Remgro and Vodacom are prepared to make more concessions to the competition regulators to get their Maziv deal consummated.
2023-08-10 13:42 +02:00
The Competition Commission has recommended that Vodacom’s acquisition of a stake in fibre operator Maziv be blocked.
2023-08-08 18:09 +02:00
Vuma Key is “probably the most exciting thing” Vumatel is doing, a top executive at parent company Maziv has said.
2023-08-02 17:15 +02:00
Seacom has appointed Alpheus Mangale, a former head of IT at Standard Bank, as its new CEO, replacing Oliver Fortuin in the role.
2023-03-30 11:56 +02:00
CIVH, the Remgro-controlled parent of fibre infrastructure providers Vumatel and Dark Fibre Africa, has swung into profit.
2023-03-23 09:29 +02:00
Rand Merchant Bank has acquired a 25% stake in Remgro-owned Ubiquity Energy, the holding company of Energy Exchange of Southern Africa.
2023-03-22 12:20 +02:00
Seacom said on Thursday that its CEO, Oliver Fortuin, is stepping down after two years in the role.
2023-03-09 14:59 +02:00
Maziv is the new name of the parent company of Vumatel and Dark Fibre Africa that will soon, pending regulatory approvals, be 30% owned by Vodacom.
2022-09-30 09:31 +02:00
CIVH, the Remgro-controlled parent of fibre operators Vumatel and Dark Fibre Africa, has turned profitable.
2022-09-27 19:20 +02:00
Ignore for a moment that Rain, although growing fast, is a relative pipsqueak next to Telkom. Does a merger make any sense? By Duncan McLeod.
2022-08-11 14:24 +02:00
Major companies, including Discovery and Fidelity ADT, have banded together to save the Sigfox internet of things network in South Africa.
2022-07-28 11:19 +02:00
Vumatel will at least double the line speeds for most of its fibre customers until at least the end of January next year on a promotional basis.
2022-06-20 18:36 +02:00
Vumacam, the security camera company, has announced plans to expand its presence in Gauteng’s sprawling East Rand.
2022-06-17 14:18 +02:00
The thousands of camera poles deployed by Vumacam provide an ideal opportunity to deploy next-generation 5G broadband into neighbourhoods, Remgro said.
2022-06-14 18:00 +02:00
Two of South Africa’s biggest fibre providers, Vumatel and Dark Fibre Africa, are being folded into a new infrastructure holding company to be led by Vuma CEO Dietlof Mare.
2022-05-12 19:00 +02:00
The industry body has lodged an objection with the Competition Commission over Vodacom’s plan to buy a significant minority stake in CIVH.
2022-04-29 08:26 +02:00
CIVH, the Remgro-controlled parent company of Dark Fibre Africa and Vumatel, has reported a sharp reduction in losses in its most recent reporting period.
2022-03-24 15:30 +02:00
Seacom’s contribution to Remgro’s headline earnings fell by 77% in the year ended December 2021, driven lower by increased operational costs and forex losses.
2022-03-24 09:44 +02:00
Vumatel has acquired a 45% non-controlling stake in fixed-wireless and fibre Internet service provider Herotel.
2022-02-24 21:20 +02:00
Remgro-controlled fibre telecommunications company Dark Fibre Africa has appointed Heydon Hall as chief information officer.
2022-02-14 13:28 +02:00
Exclusive | Several former executives at Dimension Data are caught up in a fraud scandal following a forensic probe into the December 2019 sale of The Campus.
2022-01-20 15:31 +02:00
Global media player Aleph Group has acquired Ad Dynamo, a Cape Town-based digital media sales business backed by Remgro’s Invenfin.
2022-01-20 10:20 +02:00
Dark Fibre Africa has informed staff that it will embark on a significant restructuring and cost-cutting process that will include retrenchments.
2022-01-18 02:00 +02:00
Vodacom Group may consider a separate listing of its financial services business in South Africa to unlock value.
2021-11-15 14:00 +02:00
Vodacom Group will acquire a co-controlling interest, along with Remgro and New GX Capital, in a new entity made up of assets including Vumatel and Dark Fibre Africa.
2021-11-10 18:42 +02:00
Stanlib Asset Management has invested R2.4-billion in the Khudu Pitje family-controlled company to accelerate the roll-out of broadband across the country.
2021-11-09 15:14 +02:00
Corporate clients and other stakeholders have banded together to save the Sigfox IoT network in South Africa, with an agreement expected soon.
2021-10-19 16:22 +02:00
Richard Came, one of the founding investors in Vumatel and Dark Fibre Africa, has sold his remaining stake in CIVH,…
2021-10-04 21:30 +02:00
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.
2021-09-22 15:00 +02:00
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.
2021-07-19 16:35 +02:00
Remgro said on Monday that it is participating in a the second tranche of a rights offer by CIVH, the parent of fibre telecommunications companies Vumatel and Dark Fibre Africa, aimed at reducing debt.
2021-07-19 14:25 +02:00
A wholesale open-access network in Mexico, designed to break the dominance of the incumbent telecommunications operator and once lauded by South Africa’s government, has gone bust.
2021-07-15 15:30 +02:00
Price cuts at Vumatel, to be implemented from next week, are not a risk to parent CIVH’s balance sheet and are only likely to register as “blip” in the company’s long-term growth trajectory, CIVH CEO Raymond Ndlovu said.
2021-06-24 09:08 +02:00
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.
2021-06-24 08:24 +02:00
Fibre-to-the-home operator Octotel, which was recently acquired by emerging markets investment firm Actis, is boosting customer line speeds at no cost, it said on Friday.
2021-06-18 14:57 +02:00
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.
2021-06-14 13:24 +02:00
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.
2021-06-01 14:00 +02:00
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.
2021-03-25 15:55 +02:00
ICT industry veteran Oliver Fortuin will take over from Byron Clatterbuck as CEO of Seacom with effect from January 2021.
2020-12-10 10:01 +02:00
Icasa this week defended its plan to require successful bidders in the upcoming spectrum auction to support a minimum of three mobile virtual network operators amid industry criticism of the idea.
2020-12-05 09:19 +02:00
The Competition Tribunal has given its blessing to investment firm Actis’s acquisition of a controlling stake in Cape Town fibre broadband operator Octotel, and has attached no conditions to this approval.
2020-11-26 10:16 +02:00
CIVH, the Remgro-controlled holding company that owns both Vumatel and Dark Fibre Africa, is talking to both local and international investors to raise R6-billion in new funding.
2020-11-19 14:12 +02:00
Emerging markets investment firm Actis has agreed to buy a controlling stake in Cape Town-based fibre broadband network operator Octotel.
2020-10-13 14:25 +02:00
Communications regulator Icasa has published an invitation to apply for parties interested in investing in South Africa’s planned wholesale open-access network, or Woan. These are the details.
2020-10-02 15:30 +02:00
Remgro, the largest shareholder in CIVH – the parent company of Vumatel and Dark Fibre Africa – has attached a R19.3-billion valuation to the telecoms infrastructure holding company.
2020-09-30 15:00 +02:00
Remgro-controlled fibre operator Dark Fibre Africa has become the first telecommunications provider in 10 years to be granted an operating licence in Zimbabwe, paving the way for the company to build a network there.
2020-05-04 10:55 +02:00
Vodacom has appointed Dejan Kastelic to replace the long-serving Andries Delport as its group chief technology officer. Kastelic will start on 1 May, subject to receiving a work permit.
2020-04-17 09:39 +02:00
Fibre network operators Vumatel and SA Digital Villages will in future operate as a single entity following the transfer of the SADV wholesale fibre assets to Vumatel.
2020-04-01 06:58 +02:00
Remgro’s CIVH has made it crystal clear that it wants to be a major player in South Africa’s planned wholesale open-access network and has lobbied communications regulator Icasa to provide strong support to the new entity.
2020-02-11 16:20 +02:00
Vodacom Group on Thursday rubbished a report suggesting its CEO, Shameel Joosub, will soon leave the helm of the telecommunications operator to take on a new role as CEO of Vodafone Africa.
2019-11-28 13:50 +02:00
Remgro-controlled telecommunications group Community Investment Ventures Holdings, the parent of Dark Fibre Africa and Vumatel, has appointed Raymond Ndlovu as CEO.
2019-11-28 08:00 +02:00
Outgoing Vodacom Group chief technology officer Andries Delport will join CIVH as CTO where he will drive the strategy around the Remgro-controlled group’s big expansion plans in the telecommunications sector.
2019-11-26 17:00 +02:00
Vodacom Group’s long-serving chief technology officer, Andries Delport, has resigned after 23 years with the telecommunications operator.
2019-11-26 16:55 +02:00
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.
2019-11-25 15:16 +02:00
The Competition Tribunal has approved the acquisition by Remgro’s Community Investment Ventures Holdings of Vumatel, but has attached long-term conditions to the sale.
2019-04-30 11:05 +02:00(Reuters) -South Africa`s Remgro Ltd said on Thursday it will buy hospital chain operator Mediclinic International in a consortium with Switzerland`s MSC Mediterranean Shipping for 3.7 billion pounds ($4.49 billion).
2022-08-04
South Africa`s Remgro Ltd said on Thursday it will buy hospital chain operator Mediclinic International in a consortium with Switzerland`s MSC Mediterranean Shipping for 3.7 billion pounds ($4.49 billion).
2022-08-04
South African wine, cider and spirits company Distell will soon be able to offer cannabidiol-infused drinks after taking a 20% stake in cannabis wellness business RETHINK, it said on Wednesday.
2021-01-20
A South African telecoms company backed by investment firm Remgro plans to expand its high-speed broadband network after completing a 16 billion rand ($1 billion) debt restructuring this week.
2019-12-20
South African investment firm RMB Holdings (RMH) said on Tuesday it planned to distribute among shareholders its stake in lender FirstRand , worth about 130 billion rand ($8.8 billion), as part of a restructuring.
2019-11-19
* Stocks slide as exporters hit by firming currency (Adds latest prices, analyst comments)
2019-07-22
