Pan African Capital has purchased a 25,1% share in XLink Communications, one of the companies in the Vodacom Ventures stable.
XLink is currently a market leader in the position of wireless-based EFT communication solutions and continues to develop in the fast growing sector of machine-to-machine (M2M) communication solutions.
This is a positive move for XLink as there are numerous opportunities that Pan-African will bring to the already successful business.
Anton Leal, CEO of XLink, says he is delighted to have Pan African on board as a shareholder, as there is great chemistry between XLink and the new investor. XLink’s improved BEE Accreditation Status, now a level four contributor, will facilitate active targeting of government and parastatal opportunities in the M2M market sector.
Zuko Kubukeli, CEO of Pan-African Private Equity Fund, is pleased to be part of the XLink growth and development going forward. “Our investment strategy is to partner with like-minded, entrepreneurial owners and managers of niche, high IP businesses. In XLink, we believe we have found that combination and are excited about the prospects that lie ahead for XLink.”
Pan African also looks forward to being part of a fast growing market machine to machine market, in which the added-value services within the M2M market space is experiencing an estimated annualised growth rate of 43%, according to ABI Research.
XLink is recognised as a market leader in GSM-based EFT communication services, with in excess of 26 000 retail clients and over 40 000 units of deployed nationally and provides communication services for in excess of 180-million transactions per year.  XLink also provides service in other African countries and is looking to take the service beyond Africa, where there is a similar card-based telecoms infrastructure.
Shareholders in XLink include Vodacom Ventures with 54%, Pan African with 25,1% and XLink management hold the remainder.