Net1 raises R215m by trimming its stake in DNI
09 May 2019 - 09:07
Net1, the former social grants distributor that has shifted its attention to fintech, said on Thursday it had sold 8% of DNI to Rand Merchant Bank (RMB) for R215m. The Net1 Applied Technologies SA unit cut its stake in DNI, which provides prepaid airtime services and mobile subscriber starter packs, from 38% to 30.4%, Net1 said.
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