After five years of investing in Metrofibre, the South African Housing and Infrastructure Fund , led by Rali Mampeule, has announced its decision to exit the business. SAHIF aims to diversify into the emerging market independently, with the expectation of high returns.
The Fibre to the Home market in South Africa still has significant potential, with approximately 19 million households yet to be connected to the internet. The majority of these households are located in the emerging markets of townships. SAHIF initially acquired a stake in Metrofibre in late 2019, during the peak of the Fibre land grab and just before the COVID-19 lockdowns.
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