South African billionaires Stephen Saad and Mike Teke are backing a $99 million township fibre push
Billionaires Africa | 01.09.2026 15:16
South African billionaires Stephen Saad and Mike Teke are shareholders in an investment company whose consortium has just paid 1.6 billion rand, about $99 million, for a third of a fibre business that lost 256 million rand last year and carries negative net asset value of 665 million rand.
