After an extended period in corporate limbo, flooring and infrastructure services specialist Accentuate is on the move again.Last week the company raised R7.5m by issuing 10m shares at 75c/share. While the capital raised will be used to service working capital requirements, there are signs Accentuate is keen to pursue new strategic opportunities.This week Ion Exchange Safic, a joint venture between Accentuate and Ion Exchange India, clinched an agreement with construction giant Stefanutti Stocks to capitalise on opportunities in the local water sector.Ion Exchange India is one of the largest water purification companies in the world.As per the agreement, Ion Exchange Safic will handle the process, design, engineering and procurement of process equipment and Stefanutti Stocks will be responsible for the execution and construction and civil works required on the water projects.Accentuate CEO Fred Platt says water is a critical asset for SA. “If not managed effectively, [shortages] wil...
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