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...

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