AYO Technology to acquire controlling interest in Sizwe Africa IT for R165 million

Published 11 September, by a staff writer

AYO Technology, previously Sekunjalo Technology Solutions, has entered into a binding offer to acquire a controlling interest in Sizwe Africa IT.

AYO Technology has entered into an agreement with Loxisource and Alexisource, to acquire 55% of the share capital of Zaloserve from Loxisource and Rev Vukile Mahana. Zaloserve is an investment holding company that holds a 100% shareholding in Opiwize, which in turn holds a 100% shareholding in Sizwe.

The purchase price for the 55% interest in Zaloserve is R165 million, based on an equity value of R300 million for Zaloserve.

Please read the full article here:

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *