Investec South Africa

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 ...