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MetroFibre’s South African Network Rollout Backed by Investec MetroFibre’s South African Network Rollout Backed by Investec
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MetroFibre’s South African Network Rollout Backed by Investec

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Investec has taken charge of arranging R2.5 billion in debt funding for MetroFibre Networx, a South African fibre infrastructure provider. “There’s a massive demand for fibre connectivity in many outlying regions. Filling that gap makes sense not only from a business perspective but also from a socioeconomic upliftment standpoint,” says Wayne Edwards, Financial Director of MetroFibre. “In a growing and fiercely competitive market, the timely funding arranged by Investec, together with our recent R1.5 billion equity raise, will enable us to take fibre to more individuals and more businesses, giving them the opportunity to participate in the globally connected economy.” The funding agreement builds on an existing relationship between the two companies that dates back to 2016 when MetroFibre ...

Politics

3 Key Trends for the FMCG Sector Post-Pandemic

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Sourced from Footstuffs SA. It’s clear that the Coronavirus has changed the landscape for FMCGs (Fast-moving consumer goods) – in some ways permanently. However, despite its similarities, the impact has not been the same across its subsectors and through the supply chain. Itumeleng Merafe, Head of Interest Rate Structuring at Investec says that “the lockdown has hit the economy hard and despite efforts by the government and Reserve Bank to mitigate the effects, ultimately only a medical solution is likely to provide lasting relief to consumers and businesses servicing those consumers.” The market for fast-moving consumer goods faces considerable changes – impacted by the demand for consumer-packaged goods, changes in household spending, increase in e-commerce and frequency of shop visits. ...