The diversified investment group, Thebe Investment Corporation, has bought a 17,7percent stake in the flooring and chemical group Safic Holdings for R20,3 million.
The diversified investment group, Thebe Investment Corporation, has bought a 17,7percent stake in the flooring and chemical group Safic Holdings for R20,3 million.
The transaction will boost Safic's black empowerment status from about 26percent to 30percent and provide it with a strategic black economic em-powerment partner.
Thebe is a broad-based black empowerment investment company, which has a mixed portfolio of investments across a range of industries.
Safic, which is listed on the JSE's alternative exchange AltX, is focused on the booming construction and infrastructure sectors.
safic stake sold
The diversified investment group, Thebe Investment Corporation, has bought a 17,7percent stake in the flooring and chemical group Safic Holdings for R20,3 million.
The diversified investment group, Thebe Investment Corporation, has bought a 17,7percent stake in the flooring and chemical group Safic Holdings for R20,3 million.
The transaction will boost Safic's black empowerment status from about 26percent to 30percent and provide it with a strategic black economic em-powerment partner.
Thebe is a broad-based black empowerment investment company, which has a mixed portfolio of investments across a range of industries.
Safic, which is listed on the JSE's alternative exchange AltX, is focused on the booming construction and infrastructure sectors.