Saki Macozoma's Safika Holdings has bought a majority stake in powerline communication (PLC) company Goal Technology Solutions (GTS) for an undisclosed amount.
GTS chief technology officer Jaco Naude confirms the deal was inked "about a week ago", but declines to disclose the purchase price or the size of the share sold.
The company was last month reported as seeking an 80% equity partner to accelerate its push into the local market, with Telkom being the understood suitor.
The sale was triggered by the death - in September - of majority shareholder Miko Rwayitare.
CEO Adrian Maguire said at the time he was "in negotiations with Telkom and others... We are looking at concluding a deal at the end of June."
Naude would not comment on the Telkom interaction and Maguire is currently in the US.
Macozoma, a former managing director of Transnet and chairman of Stanlib as well as Andisa Capital, is deputy at Safika to former presidential economic advisor Moss Ngoasheng. Neither was available for comment this morning.
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