Seacom completes 100% acquisition of South Africa’s FibreCo

Seacom completes 100% acquisition of South Africa’s FibreCo

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SOUTH AFRICA – Seacom, a submarine communications cable operator has completed the acquisition of 100% shareholding in FibreCo Telecommunications for an undisclosed sum. Based in South Africa, FibreCo owns and operates a national fibre network providing infrastructure and connectivity services across the…

MMI Holdings sells 67% stake in Swazi insurance business to Vunani for US$3.9m

MMI Holdings sells 67% stake in Swazi insurance business to Vunani for US$3.9m

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SWAZILAND – MMI Holdings, the South African based financial services group has sold majority stake of 67% in its Swaziland insurance business to Vunani Limited for US$3.94 million (R55m). The transaction involves MMI’s Eswatini insurance business, Metropolitan Life Swaziland (“MetLife Swaziland”) and…