Remgro, the R150bn investment giant controlled by the Rupert family, appears to be developing a strong connection with Community Investment Ventures Holdings (CIVH) — an empowerment group with a technology bent. CIVH’s main asset is Dark Fibre Africa (DFA), which builds, installs, maintains and finances fibre-optic networks across SA. By the end of September last year DFA — which started operations in 2007 — had rolled out 9,503km of fibre network in major metropolitan areas and on long-haul routes In the interim period to end-December, Remgro invested another R329m into CIVH (via a rights issue), pushing its stake in the company to 51%. While the investment in CIVH/DFA is one of Remgro’s smaller holdings, it must rank as one of the best investments the group has made in the past decade.
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