Mvela 'factors' in R120m deal

December 10, 2009

Cape Town - Mvelaphanda Holdings, the private BEE investment company, has made a shift into specialist financing with the acquisition of a strategic stake in Merchant Factors.

On Monday MvelaHold confirmed a R120m deal to acquire a 65% stake in Merchant Factors - a transaction that includes participation by key management of the factoring and trade finance company.

Read More