CIVH has swung to profitability after the implementation of Vodacom South Africa's landmark Maziv fibre transaction.

TechCentral

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%.

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