Etion was also ranked the most empowered company in the AltX and Management Control categories, and placed third overall under the new BEE codes.

The equity investments firm acquires 14.16% of Etion's shares to boost innovation in digital security.

Conexus Capital Growth Fund invests R27 million to boost innovation in digital security.

Identity is becoming critical to digital transformation, says Maeson Maherry, chief digital officer of Etion.

There are many similarities between what people want to achieve with smart cities and with what's being done in the digital mine, says Michael Walters, product engineer at Etion.

The ability to build digital capacity into legacy systems is crucial, as the financial and operational implications of having to replace entire systems are enormous, says Teddy Daka, Group CEO at Etion.

Group profit for the year also dropped by 50%, from R67.7 million a year ago to R33.4 million at the end of March 2018.