Royal Bafokeng Holdings (RBH) is to become the primary shareholder of MB Technologies, making it South Africa's largest black-owned technology organisation. 

About a year ago, RBH acquired a 26% stake in the group and today announces that it has exercised its option to buy out minority stakeholders to become the group's primary shareholder.
This announcement comes hot on the heels of last month's venture agreement between MB Technologies and Ingram Micro, the world’s largest technology distributor.
Leo Baxter, CEO of MB Technologies, says that the group has seen significant benefit through Royal Bafokeng’s involvement and all stakeholders within the group are delighted that it has chosen to acquire a majority interest to strongly cement this relationship.
“Partnering with both the Royal Bafokeng and Ingram Micro gives us a unique position in the region’s technology industry and will certainly facilitate our growth to new levels,” he adds.
“These partnerships additionally give enormous benefit to technology buyers and the reseller channel. Through access to the massive range of products and buying power Ingram Micro commands on one hand, and that of at last having access to a black owned distributor on the other, resellers are now afforded an ability to maximise their Black Economic Empowerment credentials in technology purchases for the first time.
“At present, plans for the launch of Ingram Micro South Africa are progressing extremely well and we continue to examine the opportunities this will present. We look forward to continuing our track record of growth,” he adds.
Niall Carroll, CEO of Royal Bafokeng Holdings, comments: "Our positive view on MB Technologies and its continued strong performance led us to decide to take a majority stake in the group. This has been underscored by its recent agreement to form a joint venture with the world’s largest technology distributor, Ingram Micro.
“These two developments should strengthen MB Technologies' position within the market for the benefit of customers, suppliers, employees and shareholders,” he adds.