MetroFibre Networx to provide businesses in Riversands Incubation Hub access to affordable broadband services

In a bid to assist with the development of SME businesses in South Africa, MetroFibre Networx has partnered with Riversands Incubation Hub to bring broadband services, at a rate 50% more affordable than commercially available fibre services, to the companies operating within the Riversands campus.
 
Riversands Incubation Hub was launched in 2015 through a private-public partnership between Century Property Developments and the National Treasury’s Jobs Fund. The organisation’s goal is to boost local economic activity by providing promising SMEs with an affordable premises, a supportive entrepreneurial community and access to business support services. Today, the campus is home to 170 businesses from a variety of sectors.
 
“In order to grow our economy we have to invest in the development of small businesses and entrepreneurs, but often the costs of operating a business can be prohibitive to these companies, which is why the role of organisations such as Riversands Incubation Hub are so important,” states Gary Webster, Head of Wholesale at MetroFibre Networx.
 
“As part of our agreement with Riversands we will be offering its small business owners and other tenants access to greatly discounted broadband services, in a bid to help them grow their businesses with the support of superior connectivity and place them at the forefront of the new digitally-driven world.”
 
The broadband services will be offered to the SME businesses in the campus via the existing infrastructure MetroFibre has laid within the Riversands business park. Today MetroFibre owns and manages South Africa’s first globally compliant Carrier Ethernet 2.0 (CE 2.0) open access fibre network, and connects over 60 cloud, application, voice and Internet service providers with their customers. The businesses in the campus will have direct access to this network via the MetroFibre offerings.
 
“Fast, reliable and affordable broadband internet access is a hallmark of any progressive community. This agreement helps us complete an important piece of the infrastructure puzzle. Our current entrepreneurs benefit from unbelievably low pricing for data and voice, and this will make Riversands an attractive destination for digital content producers. The deal underlines MetroFibre Networx’s commitment to supporting entrepreneurs – we are pleased to welcome them aboard as a partner,” says Jenny Retief, CEO at Riversands Incubation Hub.
 
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About Riversands:
Riversands Incubation Hub is a ground-breaking initiative with the scale to have real economic impact by supporting small businesses, fostering job creation and alleviating poverty. The Riversands initiative was catalysed in 2015 through a private-public partnership between Century Property Developments and National Treasury’s Jobs Fund. Established and start-up small businesses are accommodated at Riversands for a period of up to three years in subsidised premises with access to business support services. The campus is currently home to over 170 small businesses. For more information visit: http://www.riversandsihub.co.za
 
About MetroFibre Networx
Established in 2010, MetroFibre Networx is a South African owned and managed ICASA-licensed open access fibre network operator and Internet Solution Provider (ISP). Today, MetroFibre owns and manages South Africa’s first globally compliant Carrier Ethernet 2.0 (CE 2.0) open access fibre network, connecting over 60 cloud, application, voice and Internet service providers with their customers. When leveraging its CE 2.0 Carrier Class open access fibre network with ultra-high speed and low latency connections, MetroFibre’s customers can derive true value from its tailored digitally transformative technologies, cloud applications, next generation data centre connectivity, high speed file transfer and business continuity solutions.
 
The company has enjoyed active shareholding from Sanlam Private equity since its investment into the business in 2013 and subsequently African Rainbow Minerals who invested in 2016. While initially focused on wholesale managed connectivity, the company has expanded its offerings to include business and residential broadband services.
 
MetroFibre Networx is a MEF Forum member and is licensed by the Independent Communications Authority of South Africa (ICASA) to provide electronic communications services as well as electronic communications network services.
 
To find out more on MetroFibre and its full list of solutions and services visit www.MetroFibre.co.za.
 
To contact at MetroFibre:
Liza Kok
Chief Brand Officer
+27 87 151 4000
lizak@MetroFibre.co.za
 
Media Contact:
Charlene Carroll
Anti-Clockwise
+27 11 314 2533
Charlene@anticlockwise.co.za