Maziv, South Africa's leading open-access fiber infrastructure provider, has announced a historic R9 billion investment pledge in the sixth South Africa Investment Conference. This significant capital commitment, spread over the next five years, is set to accelerate the country's high-speed digital rollout and includes a dedicated pledge to create 10,000 direct and indirect employment opportunities over 7 years, cementing Maziv's role as the primary driver of digital growth. South Africa's digital economy and infrastructure development.
This pledge follows the approval by the Competition Commission and ICASA of the acquisition of Vodacom's 30% stake in Maziv and marks a transformational chapter for Maziv and the millions of citizens who will benefit from enhanced connectivity.
“Investment is a powerful catalyst for digital inclusion. It's about more than infrastructure; it's about changing lives. By bringing high-speed connectivity to every corner of the country, we are ensuring that more people than ever before can participate in the digital economy,” says Dietlof Mare, CEO of Maziv.
Dietlof Mare – Maziv Chief Executive Officer
Maziv's rollout plan will prioritize low-income and underserved areas; Ensuring that residents have access to high quality broadband. As part of its social mandate, Maziv will also provide 1 (one) Gbps free, uncapped access to every public or private school, public clinic and public library passed by its network, effectively turning digital infrastructure into a tool for social upliftment while supporting the modernization of South Africa's education and health care systems.
The pledge to create 10,000 jobs underlines Maziv's commitment to sustainable economic growth. These opportunities will include direct and indirect employment opportunities through a vast ecosystem of local SMME partners, installers and community-based service providers. The initiative aims to promote specialized technical skills and support small business growth across South Africa.
“Our commitment today is a vote of confidence South Africa's digital future,” says Mare, “By enhancing our infrastructure through this R9 billion investment we are creating a foundation for economic participation. We are proud to create tangible value and ensure that world-class connectivity is accessible to all South Africans.
Maziv is dedicated to its open-access model, which encourages competition among Internet service providers, reduces the cost of communications and ensures a diverse choice of services for South African consumers.
