Sebata sells stake in the Water Group in R388.4m B-BBEE deal
Water management and technology company Sebata will sell a 55% stake in the Water Group with a further 5% stake being donated to Inzalo
On Tuesday, technology group Sebata announced the sale of a majority stake in it subsidiary the Water Group, for R388.4m to Inzalo Capital Holdings in a bid to improve its empowerment credentials.
Sebata, which specialises in servicing the public sector, sold a 55% stake in the Water Group, which comprises USC Metering and Amanzi Meters. A further 5% stake will be donated to Inzalo by Sebata...