Remgro CEO Jannie Durand has flagged the regulatory costs of doing deals as a deterrent to doing business and attracting international investment, saying if the merger of the group’s fibre assets in Vumatel with those of Vodacom had gone ahead 18 months ago the group would already have spent R3bn-R4bn of capex to roll out connectivity in areas of SA where it is needed.
But Durand said business had had some good conversations with the new trade, industry & competition minister Parks Tau, who has listened with “open ears” and was aware of the issues...
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