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Vodacom’s annual report revealed details about the accounting treatment of its acquisition of a 30% stake in Maziv.
While most of billionaire Johann Rupert’s $16.1 billion (R263.4 billion) net worth is attributable to his stake in luxury goods maker Richemont, he holds significant shares in local tech and telecoms firms.
Vodacom’s annual results for the year ended 31 March 2026 reveal why Remgro was happy with its R12.6 billion Maziv deal.
South Africa’s biggest fibre network operator has received approval to acquire 100% of the country’s third-largest FNO.
ICASA has given the final approval needed to greenlight Vodacom’s acquisition of a stake in Maziv, Vumatel’s parent company.
A ‘really pleasing’ first six months, with the Please Call Me matter in the past and hopeful finalisation of the Maziv deal in the near future – CEO Shameel Joosub.
Remgro executive Pieter Uys was the driving force behind the successful R11 billion deal, in which Vodacom will acquire a 30% stake in Maziv, which owns Vumatel and DFA.
Several upstart fibre network operators are challenging Vumatel for dominance in a previously untouched market segment.