Remgro’s fibre empire roars back

Remgro's fibre infrastructure arm CIVH has returned to profitability, reporting headline earnings of R216-million for the six months to December 2025, compared to a R248-million loss in the prior period. The turnaround was driven by the completion of the Vodacom-Maziv transaction, in which Vodacom acquired a 30% stake in Maziv (the holding company for DFA and Vumatel) for R4.89-billion in assets and R6.11-billion in cash. Vumatel posted 15.4% revenue growth to R2.17-billion and holds roughly 30-31% market share in South Africa's fibre-to-the-home segment. DFA grew revenue 3.6% to R1.44-billion. CIVH's overall revenue rose 11.1% to R3.76-billion, with Ebitda up 10.9%. Remgro's group headline earnings jumped 38.8% to R5.18-billion, and it declared an interim dividend up 80.2%.