By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Shore AfricaShore AfricaShore Africa
Notification Show More
Font ResizerAa
  • Hot News
  • Tourism
  • Entertainment
  • Business
  • Luxury
  • Exclusive
  • Sports
  • Technology
Reading: Remgro, Vodacom clear key hurdle in $671 million Maziv fiber deal
Share
Font ResizerAa
Shore AfricaShore Africa
Search
  • Hot News
  • Tourism
  • Entertainment
  • Business
  • Luxury
  • Exclusive
  • Sports
  • Technology
Have an existing account? Sign In
Follow US
Shore Africa > Hot news > Business > Remgro, Vodacom clear key hurdle in $671 million Maziv fiber deal
Remgro
BusinessHot News

Remgro, Vodacom clear key hurdle in $671 million Maziv fiber deal

Feyisayo Ajayi
Last updated: July 18, 2025 6:03 pm
Feyisayo Ajayi Published July 18, 2025
Share
SHARE

At a Glance


  • Vodacom to invest cash, fiber assets in Maziv to secure 30% strategic equity stake.
  • Competition Commission exits after revised terms, clearing path to finalize the Maziv acquisition.
  • Deal values Maziv up to $1.87 billion, deepening Remgro’s bet on South Africa’s digital future.

Remgro Limited, a Stellenbosch-based investment holding company owned by South Africa’s richest man, Johann Rupert and mobile giant Vodacom, are forging ahead with their long-awaited R12.2 billion ($671 million) acquisition of a 30 percent stake in Maziv Proprietary Limited, the broadband fiber firm behind Vumatel and Dark Fibre Africa, after clearing a key regulatory hurdle.

Remgro

The move highlights the growing strategic importance of fiber connectivity in South Africa’s digital economy, as demand surges for high-speed internet in households, small businesses, and enterprise networks.

Competition Commission steps aside after conditions revised
South Africa’s Competition Commission has withdrawn its opposition to the deal after Vodacom and Maziv—wholly owned by Remgro’s Community Investment Ventures Holdings (CIVH)—agreed to an expanded set of remedies addressing earlier antitrust concerns. 

The transaction, which signals accelerating consolidation in the country’s open-access fiber market, will now proceed unopposed to the Competition Appeal Court on July 22, 2025—clearing a path toward final regulatory approval.

Vodacom
Vodacom

As tracked by Shore Africa, Vodacom first announced the deal in 2021, but it stalled amid regulatory scrutiny over market dominance and fair access. The revised terms, agreed in July 2025, resolve those concerns and put the landmark transaction back on track for completion.

Revised terms put equity value at up to $1.87 billion
Per the new structure, Vodacom will inject R6.1 billion in cash and contribute fiber assets worth R4.9 billion, including its fiber-to-the-home (FTTH), fiber-to-the-business (FTTB), and business-to-business transmission access infrastructure.

Vodacom will also acquire additional shares from CIVH, spending an estimated R2.5 billion to reach the 30 percent ownership mark. The deal values Maziv at R29.8 billion ($1.64 billion) assuming a R4.2 billion pre-implementation dividend, or R34 billion ($1.87 billion) without it.

Vodacom
Vodacom

Herotel stake deepens fiber play
Since 2021, Maziv has acquired a 49.96 percent stake in Hero Telecoms (Herotel). Vodacom will pay another R600 million to secure its share in this asset, pushing the total equity valuation to R31.8 billion ($1.75 billion). If Maziv proceeds with acquiring an additional 49.93 percent stake in Herotel—as currently under review—Vodacom will commit at least R800 million more for its portion.

Shares of Vodacom, as displayed on tradingview.com, reflect its market performance. (Image courtesy of tradingview.com)

The telecoms operator also retains an option to raise its stake in Maziv from 30 percent to 34.95 percent, with the final price determined by independent market valuation post-closing.

Shares of Remgro, as displayed on tradingview.com, reflect its market performance. (Image courtesy of tradingview.com)

Strategic milestone for Rupert’s Remgro and SA’s digital future
For Johann Rupert—who chairs Remgro and controls a 42.91% voting stake—the transaction reinforces his strategic bet on South Africa’s growing digital infrastructure needs. It positions Maziv, the merged fiber asset vehicle, as a dominant open-access platform serving millions of households, small businesses, and enterprise clients.

The longstop date has been extended to September 30, 2025, with an option to further push to November. As the deal now advances unopposed to the Competition Appeal Court, it is set to reshape South Africa’s broadband future—and entrench Rupert’s role at the heart of the country’s digital transformation.

You Might Also Like

Top 7 African countries leveraging sports to drive tourism

Beyoncé’s Cowboy Carter tour heats up as Jay-Z shocks Atlanta crowd

10 must-visit hotels in North Africa

Remgro to unbundle $73 million EMI stake to shareholders via share swap

Nigeria’s Ogun State, set to become Africa’s largest cement-producing region

TAGGED:Featuredfiber network consolidationJohann Rupert telecom expansionMaziv fiber acquisition dealSouth Africa broadband infrastructureVodacom Remgro strategic investment
Share This Article
Facebook X Email Print

Follow US

Find US on Social Medias
FacebookLike
XFollow
YoutubeSubscribe
LinkedInFollow

Weekly Newsletter

Subscribe to our newsletter to get our newest articles instantly!
Popular News
O.R. Tambo International Airport, located in Johannesburg, South Africa, is the busiest airport on the African continent, serving as a major hub for both domestic and international flights.
ExclusiveHot News

Africa’s Top 10 Biggest Airports in 2024

Timilehin Adejumobi Timilehin Adejumobi December 6, 2024
Burna Boy, Travis Scott’s new song nears 7 million streams on YouTube, Spotify
Kendrick Lamar, Taylor Swift vie for American music awards
Top 10 women redefining Africa’s luxury business scene
Top 5 African referees who made FIFA World Cup history
- Advertisement -
Ad imageAd image
Global Coronavirus Cases

Confirmed

0

Death

0

More Information:Covid-19 Statistics
- Advertisement -
Ad imageAd image
Africa retirees
LuxuryTourism

Top 10 African destinations for high-end retirement living

For retirees, Africa offers more than a home—it’s a lifestyle filled with cultural depth, adventure, and tranquility.

Timilehin Adejumobi Timilehin Adejumobi July 18, 2025
Remgro
BusinessHot News

Remgro, Vodacom clear key hurdle in $671 million Maziv fiber deal

Vodacom, Remgro’s $671 million Maziv fiber deal clears regulator, paving way for digital infrastructure growth in South Africa.

Feyisayo Ajayi Feyisayo Ajayi July 18, 2025
Africa's poorest countries
BusinessHot News

Africa’s poorest countries by GDP per capita in 2025

South Sudan, Central African Republic, and Burundi rank among the world’s poorest nations by GDP per capita in 2025.

Feyisayo Ajayi Feyisayo Ajayi July 17, 2025
Babanango Game Reserve
Hot NewsTourism

New Safari gem: Babanango transforms South Africa’s wild

Once nearly barren, the KwaZulu-Natal landscape is now a beacon for sustainable tourism, conservation, and luxury safaris.

Oluwatosin Alao Oluwatosin Alao July 17, 2025
gold-jewelry-display
BusinessLuxury

Top 10 African luxury jewelry brands redefining global style

Heritage meets high fashion as African jewelry houses dominate the luxury spotlight.

Timilehin Adejumobi Timilehin Adejumobi July 17, 2025
Africa retirees
LuxuryTourism

Top 10 African destinations for high-end retirement living

Timilehin Adejumobi Timilehin Adejumobi July 18, 2025
Remgro
BusinessHot News

Remgro, Vodacom clear key hurdle in $671 million Maziv fiber deal

Feyisayo Ajayi Feyisayo Ajayi July 18, 2025
Africa's poorest countries
BusinessHot News

Africa’s poorest countries by GDP per capita in 2025

Feyisayo Ajayi Feyisayo Ajayi July 17, 2025

Categories

  • Business
  • Entertainment
  • Exclusives
  • Hot News
  • Luxury
  • Tourism

About US

A premier digital news platform spotlighting Africa’s top companies, business leaders, athletes, musicians, brands, and luxury destinations.

Our Team

Subscribe US

Shore.Africa is owned by Travel Shore, the media brand behind Shore Africa. Subscribe to our newsletter to get our newest articles instantly.

Feyisayo Ajayi 277 Articles
Feyisayo Ajayi is the Publisher and Co-founder of Shore Africa, the flagship media brand under the Travel Shore umbrella. He brings over a decade of multidisciplinary experience across media, finance, and technology. Feyisayo holds a bachelor’s degree in Geology from the University of Ibadan, Nigeria.
Omokolade Ajayi 84 Articles
Timilehin Adejumobi 177 Articles
Oluwatosin Alao 25 Articles
© Shore Africa All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?