Close Menu
  • Homepage
  • News
  • Cloud & AI
  • ECommerce
  • Entertainment
  • Finance
  • Opinion
  • Podcast
  • Contact

Subscribe to Updates

Get the latest technology news from TechFinancials News about FinTech, Tech, Business, Telecoms and Connected Life.

What's Hot

Remittix Will Produce More Gains For Early Investors Than Pepe Coin & Shiba Inu Did

2025-08-30

Cardano Price Prediction For 2026 & Analysts Predict The Chances Of Dogecoin Reaching $1

2025-08-30

Top Cryptos To Invest In At The End Of August: SUI, Pi Coin, Hedera & Remittix

2025-08-30
Facebook X (Twitter) Instagram
Trending
  • Remittix Will Produce More Gains For Early Investors Than Pepe Coin & Shiba Inu Did
Facebook X (Twitter) Instagram YouTube LinkedIn WhatsApp RSS
TechFinancials
  • Homepage
  • News
  • Cloud & AI
  • ECommerce
  • Entertainment
  • Finance
  • Opinion
  • Podcast
  • Contact
TechFinancials
Home»News»Minister Parks Tau Welcomes New Agreement In Vodacom-Maziv Merger
News

Minister Parks Tau Welcomes New Agreement In Vodacom-Maziv Merger

Staff WriterBy Staff Writer2025-07-09Updated:2025-07-09No Comments2 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Email
Parks Tau
Parks Tau. Image source: Bloemfontein Courant
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link

Parks Tau, the Minister of Trade, Industry and Competition, has welcomed the agreement reached between the merging parties and the Competition Commission in the Vodacom-Maziv merger deal.

The Competition Commission announced on Tuesday that it has reached an agreement with Vodacom and Maziv – owner of Dark Fibre Africa (DFA) – that could allow the deal to proceed. This comes despite earlier rulings by both the Commission and the Competition Tribunal blocking the merger over competition concerns.

“The substantial public interest commitments made by the merging parties will significantly improve access to affordable internet for underserved communities, thus enabling easier participation in economic activity, particularly for young people,” Tau said in a statement.

The Minister further welcomes the investment committed by parties.

“This commitment will ensure that South Africa participates meaningfully in the global economy through new sectors like Generative Artificial Intelligence, the Internet of Things and other ICT related sectors which will propel the world into the future.”

The Commission will now submit the revised terms to the Competition Appeal Court on 22 July 2025, explaining how they address earlier antitrust concerns that led to the deal’s blockage in October 2024.

The matter will proceed, unopposed, at the Competition Appeal Court where the agreement will be placed before the Court for its final consideration. The Minister thanks all parties involved for their constructive engagement throughout this process.

The revised conditions “substantially remedy the competition concerns” initially raised, the Commission said.

The agreement follows negotiations to address flaws in previous proposals that led to the deal’s initial rejection.

There were three primary competition concerns that were not adequately addressed by the proposed conditions at the time of concluding the Tribunal hearings.

 

 

CIVH Dark Fibre Africa Parks Tau Remgro Vodacom-Maziv merger deal. VumaTel
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Staff Writer

Related Posts

Zayna Mahomed Is EPF Solve’s For X August Winner 

2025-08-29

Eskom Fraudster Sentenced, Ordered To Repay R2.6M

2025-08-29

WeThinkCode_ Graduates Stand Out In Job Market With Cutting-Edge Industry Electives

2025-08-26

Africa Can Turn Its Minerals Into Green Gold

2025-08-26

SwapVend Launches Its Minimum Viable Product To Bridge SA’s Informal And Formal Economies

2025-08-25

MortgageMarket & Takealot Launch SA’s 1st E-Commerce Home Loan Hub

2025-08-25

Spaza Market Lays The Foundation For Africa’s Enterprise Economy

2025-08-25

Why South Africa Is The Hidden Powerhouse For Global Executive Search

2025-08-25

University Of Pretoria Ranked No. 1 In SA For Artificial Intelligence Research

2025-08-24
Leave A Reply Cancel Reply

DON'T MISS
Breaking News

BankservAfrica Rebrands As PayInc

The financial market infrastructure giant BankservAfrica has officially been rebranded to PayInc. The launch, held…

KZN’s First Supercar-Centric Luxury Residential Development Unveiled

2025-08-27

Government Pensions Administration Agency CEO Placed On Precautionary Suspension

2025-08-26

Airtel Africa & Vodacom Forge Landmark Infrastructure Partnership

2025-08-12
Stay In Touch
  • Facebook
  • Twitter
  • YouTube
  • LinkedIn
OUR PICKS

SA’s Skhokho 2.0 Puts Enterprise AI In SME Hands

2025-08-28

Please Call Me: After 25 Years, Will SCA’s New Bench Silence ConCourt?

2025-08-26

Vodacom Invests R400M To Expand Network In Free State And Northern Cape

2025-08-26

Elon Musk’s Starlink Backs BEE Equity Equivalents, Not 30% Ownership

2025-08-18

Subscribe to Updates

Get the latest tech news from TechFinancials about telecoms, fintech and connected life.

About Us

TechFinancials delivers in-depth analysis of tech, digital revolution, fintech, e-commerce, digital banking and breaking tech news.

Facebook X (Twitter) Instagram YouTube LinkedIn WhatsApp Reddit RSS
Our Picks

Remittix Will Produce More Gains For Early Investors Than Pepe Coin & Shiba Inu Did

2025-08-30

Cardano Price Prediction For 2026 & Analysts Predict The Chances Of Dogecoin Reaching $1

2025-08-30

Top Cryptos To Invest In At The End Of August: SUI, Pi Coin, Hedera & Remittix

2025-08-30
Recent Posts
  • Remittix Will Produce More Gains For Early Investors Than Pepe Coin & Shiba Inu Did
  • Cardano Price Prediction For 2026 & Analysts Predict The Chances Of Dogecoin Reaching $1
  • Top Cryptos To Invest In At The End Of August: SUI, Pi Coin, Hedera & Remittix
  • Why Remittix, Solana, Avalanche, & Litecoin Are The Best Altcoins To Buy Today
  • Hoskinson Talks Network Future & ADA Plans As Price Drops With Top Investors Eyeing This New Altcoin
TechFinancials
RSS Facebook X (Twitter) LinkedIn YouTube WhatsApp
  • Homepage
  • Newsletter
  • Contact
  • Advertise
  • Privacy Policy
  • About
© 2025 TechFinancials. Designed by TFS Media.

Type above and press Enter to search. Press Esc to cancel.

Ad Blocker Enabled!
Ad Blocker Enabled!
Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.