Sigfox South Africa is now on a sustainable growth trajectory, its chief commercial officer has told the TechCentral Show.
since investors, including the business’s own customers, came to the rescue the Sigfox internet-of-things network in South Africa.is not only on a sustainable growth path, but has big big growth plans for the rest of this decade.This comes after Remgro’s CIVH in 2021 pulled the plug on Sigfox operator SqwidNet, citing weak customer demand.
The Covid-19 pandemic and associated lockdowns resulted in depressed commercial activity, which worsened the problems at SqwidNet. Support from SqwidNet’s customers, though, ensured the Sigfox network was saved. CIVH has remained a shareholder in the newly created Sigfox South Africa, albeit now as a minority one, along with Macrocomm, Discovery Insure, Fidelity ADT and Buffet Investments.
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