Technology group Sebata on Tuesday announced the sale of a majority stake in its Software Group Companies subsidiary for R501.9m 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 its Software Group Companies, which is made up of Sebata Municipal Solutions, R-Data and MICROmega Accounting and Professional Services (MAPS), which are all wholly owned subsidiaries of the company. A further 5% stake will be donated to Inzalo by Sebata...

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