ConvergeNet Holdings has concluded an agreement to acquire an additional 3,8% in Sizwe Africa IT.
Sizwe Africa IT is the ICT services and solutions provider of choice to a number of private and public organisations, and holds several South African government term supply contracts. The company employs more than 550 people and has a countrywide service and support capability.
The new agreement provides for the acquisition by ConvergeNet of an additional 3,8% shareholding in Sizwe Africa IT for R15-million, to be sttled in cash.
This will take ConvergeNet's interest in Sizwe Africa IT to 60%.