ShapeShifter

Meet Niel Schoeman, hellbent on bringing high-speed fibre connectivity to all

(Click here for more from Bruce Whitfield's "The Money Show".)

Niel Schoeman is the CEO of Vumatel; a FTTH (fiber-to-the-home) telecommunications provider.

Vumatel offers high-speed and open access internet using fibre broadband connectivity in partnered neighborhoods known as "fibrehoods".

To date Vumatel is present in Parkhurst, Greenside, Parktown North, Killarney, Riviera, Saxonwold and Parkwood.

Vumatel has made its way into 42 suburbs in certain parts of Johannesburg and Cape Town.

We live in exciting tech driven times and fibre connectivity is changing the way many people and businesses go about their daily lives.

Niel Schoeman, Vumatel CEO

Vumatel is tipped to spend around R3 billion in the next few years to roll out home fibre to 200 000 homes in 100 suburbs across South Africa.

Listen to the audio or watch the video (scroll down) for more detail.

We experiment in business parks. It’s a lot simpler than fibre to homes.

Niel Schoeman, Vumatel CEO

More than half of people in Parkhurst subscribe to Vumatel.

Niel Schoeman, Vumatel CEO

Suburbs adjacent to Parkhurst will be ready in a couple of weeks. There are about 10 suburbs that will be done by the end of the year.

Niel Schoeman, Vumatel CEO

We make money by leasing the lines to service providers that on-sell it to consumers.

Niel Schoeman, Vumatel CEO

Ten years from now; imagine how much bandwidth you might need!

Niel Schoeman, Vumatel CEO

A lot of competitors have come out of the woodwork. There’s a deployment race.

Niel Schoeman, Vumatel CEO

Research shows that investment in connectivity infrastructure gets you more bang for buck than any other investment in social causes.

Niel Schoeman, Vumatel CEO

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI
Read More
Meet Richard Pike, Adcorp CEO and largest “labour broker” in South Africa

Meet Richard Pike, Adcorp CEO and largest “labour broker” in South Africa

We interviewed Adcorp CEO Richard Pike about near-death experiences, defying the odds and labour in South Africa.

Meet Charmaine Mabuza, the shy entrepreneur who wants us all to play the lottery

Meet Charmaine Mabuza, the shy entrepreneur who wants us all to play the lottery

“If you haven’t played the lotto, I guarantee that you will play in the coming years!” says the MD of new lotto operator ITHUBA.

Meet Jay Naidoo, still fighting for justice after all these years

Meet Jay Naidoo, still fighting for justice after all these years

He fought Apartheid, led Cosatu and served as Minister under Madiba. Now he's fighting world hunger and poor governance in Africa.

Meet James Fisher, Snakeboard inventor and South Africa’s leading shipbuilder

Meet James Fisher, Snakeboard inventor and South Africa’s leading shipbuilder

James Fisher founded Nautic Africa in 2008 without a cent; today it has an order book of over R600 million and no debt.

Meet Wendy Appelbaum, one of Africa’s richest and most giving daughters

Meet Wendy Appelbaum, one of Africa’s richest and most giving daughters

We interview one of Africa's richest people about her amazing life and her drive to make a difference by giving back.

Meet Johann Redelinghuys, a man hell-bent on ending retirement (as we know it)

Meet Johann Redelinghuys, a man hell-bent on ending retirement (as we know it)

“Why try and make retirement more palatable? Why not just abolish it completely?” says headhunter Johann Redelinghuys.

Meet Businessman of the Year Steven Kark, payment solutions supplier for Africa

Meet Businessman of the Year Steven Kark, payment solutions supplier for Africa

2014 Businessman of the Year and Paycorp CEO Steven Kark likes to have fun (and do good) more than he likes to make money.

How flower power led to the creation of South Africa's oldest online store

How flower power led to the creation of South Africa's oldest online store

Meet Netflorist MD Ryan Bacher and learn how he created one of Africa’s largest online retailers.

Meet Sipho Maseko, controversial CEO and saviour of Telkom

Meet Sipho Maseko, controversial CEO and saviour of Telkom

We speak to the man who is, against all odds, slowly but surely, turning Telkom around.

How Justin Drennan made it possible to run an online store without a warehouse

How Justin Drennan made it possible to run an online store without a warehouse

Meet the founder of WantItAll, South Africa’s second largest web store, and the brains behind the revolutionary Parcelninja.

Popular articles
[WATCH] Man forgets to engage handbrake, truck almost hits other cars

[WATCH] Man forgets to engage handbrake, truck almost hits other cars

Khabazela shares tweets and Facebook posts that have gone viral.

We have bent over backwards, it appears unions don't want to settle - SAA

We have bent over backwards, it appears unions don't want to settle - SAA

Sacca president, Zazi Nsibanyoni-Anyiam Mugambi and airlines acting CFO Deon Fredricks weigh in on the strike facing the airline.

Can’t find your phone? Drop everything – thieves can get into your banking app!

Can’t find your phone? Drop everything – thieves can get into your banking app!

Did someone steal your phone? Contact your bank without hesitation warns consumer journalist Wendy Knowler.

'Unions are making a mistake. SAA is dying. It’s not Eskom – we don’t need it'

'Unions are making a mistake. SAA is dying. It’s not Eskom – we don’t need it'

SAA is on its knees, cap in hand, asking taxpayers for R2 billion this month. Unions must be careful, warns Guy Leitch (SA Flyer).

Unions and SAA get ready for fight that threatens to break the ailing airline

Unions and SAA get ready for fight that threatens to break the ailing airline

Joanne Joseph plays audio from the media briefing over the impending strike.

White pupils at posh Kingswood College refer to black scholars as 'snoobab'

White pupils at posh Kingswood College refer to black scholars as 'snoobab'

"This problem is bigger than just a Kingswood problem. The relevant processes will unfold," says College Head Colleen Vassiliou.

We’ll shut you down! – unions to SAA ('overstaffed by any measure globally’)

We’ll shut you down! – unions to SAA ('overstaffed by any measure globally’)

The money-pit airline is fighting for its life. Bruce Whitfield interviews Theto Mahlakoana, a senior political reporter at EWN.