Articles
The company wants to grow revenue from Africa to more than the current 10% of its total turnover.
The company will assist two staff consortiums to buy 20% of its shares at the current market value.
The Simeka Business Group subsidiary will distribute the Techneos Entryware product line in Africa.
The deal was made via a share swap agreement and the companies will trade as Mint going forward.
The business unit will be known as Red Edge Solutions as of 7 October.
The companies' joint venture will deliver Microsoft business solutions in Nigeria and West Africa.
The company reports a 46% increase in headline earnings, and revenue of R597 million.
Simeka Business Group implemented a multimillion-rand asset finance software solution for Laiki Bank Asset Finance Division in Cyprus.
Articles About Simeka Business Group (1)
On 7 March, Simeka Business Group was officially renamed Morvest Business Group.