IT solutions provider EOH agrees to sell its subsidiary Sybrin for US$24.7m to clear debt

SOUTH AFRICA – Business and IT solutions provider EOH Holdings, has announced the sale of its  subsidiary Sybrin for a cash consideration of US$24.7 million to pay down debt. The business, which currently sits under EOH Mthombo, is being bought by a black-controlled consortium called K2020893770 for cash. The consortium is made up of One Thousand & One Voices Management (Mauritius) and Crossfin Technology Holdings and their black economic empowerment partners led by Isaac Mophatlane, the co-founder of Business Connexion, now BCX with his late brother Benjamin Mophatlane. One Thousand…

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SA gov’t assets manager PIC to acquire agribusiness company Alzu Agri

SOUTH AFRICA – The Competition Commission of South Africa has recommended that the Tribunal approve the proposed transaction whereby Public Investment Coperation (PIC) on behalf of the Government Employees Pension Fund (GEPF) intends to acquire Alzu Agri, an Agri Business healthcare organisation, without conditions.   Alzu is a diversified agricultural and agro-processing group that is involved in, amongst others, maize production, animal feed production, and cattle and pig breeding or genetics.   The Commission found that the proposed transaction is unlikely to result in a substantial prevention or lessening of competition in…

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