Published: Friday, 17 January 2014 02:00
Royal Bafokeng Holdings (“RBH”) has sold its 55% stake in the MB Technologies Group to Investec, with effect from 31 December 2013. This is in line with RBH’s strategy of investing in fewer, high growth sectors.
About Royal Bafokeng Holdings
RBH is the primary investment vehicle of the Royal Bafokeng Nation (RBN), a community of approximately 150 000 Tswana-speaking people with substantial minerals-rich land holdings in South Africa’s North West Province. RBH is a community-based investment company whose investment activities are aimed at generating the income required for the funding of sustainable projects that will benefit the Bafokeng community. RBH has assets spread across the mining, financial services, infrastructure, oil and gas services, and industrial sectors.
About MB Technologies
MB Technologies is Southern Africa’s leading IT distribution group. Its operating companies include A.C.T., Channel Capital, Channel Risk Management, Printacom and Tarsus Technologies. Established more than 26 years ago, with Tarsus as the founding company, the MB Technologies Group has grown into the leading southern African distributor of most of the international first tier technology brands.
For further information, please contact:
Tel: +27 11 530 8037
Tel: +27 11 530 8034