Since the onset of COVID-19 and the consequential lockdown, reliable and fast Internet connectivity has become a vital requirement for businesses and individuals working and learning from home. Expansion in the digital economy and the resultant exponential growth in demand for connectivity is driving the laying of underground fibre-optic cable to feed internet-hungry homes and businesses. It is arguably the highest-growth industry in South Africa today, outstripping other sectors of the economy – even before the current crisis. That’s according to Jessica Spira, Business Development Director at Rand Merchant Bank (RMB). The bank was the joint mandated lead arranger and co-funder of an $8.7-million (R16-billion) senior debt financing package provided to Community Investment Ventures Holding...
