Didata may announce the sale of a 25% stake to bla
Didata may announce the sale of a 25% stake to black investors
March 23, 2004
By Godfrey Mutizwa
Johannesburg - Dimension Data Holdings (Didata), Africa's biggest computer services firm, planned to sell about 25 percent of its South African business to black investors, City Press reported, quoting unnamed officials.
An announcement of the sale to investors, which include Saki Macozoma, one of South Africa's richest black businessmen, Moss Ngoasheng's Safika Holdings, and Andile Ngcaba, a former director-general in the department of communications, might be made this week, it said
'Players include Andile Ngcaba, Saki Macozoma and Moss Ngoasheng's Safika'
.
Ngoasheng was a non-executive director of Didata.
Ngcaba refused to confirm the transaction, saying an announcement would be made when talks were concluded.
He would not confirm the talks involved the acquisition of a stake in Didata, the paper said.
Local telecoms and computer companies announced on March 9 that by June 25 they would reveal a strategy to boost black participation in the information technology industry to help make up for discrimination during apartheid.
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