Simeka Group and Fintech conclude BEE deal

November 13, 2006

Simeka Group (Proprietary) Limited and Fintech (Proprietary) Limited have joined forces via a new Black Economic Empowerment (BEE) deal effective November 2006...

The transaction will result in Simeka acquiring a direct ownership of 25.1% in Fintech, making it significant shareholders in conjunction with management of Fintech and Sanlam Capital Markets Limited (SCM).

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