Getting ready
NamITech has made good on promises to boost its empowerment credentials by bringing new black investors on board. The deals place a value of more than R430 million on the group, which looks a strong candidate for a listing if the market turns.
28 October 2002
NamITech Holdings, the Nampak-controlled information security group, has strengthened its hand in the public sector market by announcing deals that will see black empowerment groups take ownership of 30 percent of its equity.
The timing of the deal could not be more opportune. At the time of writing, a State IT Agency (Sita) tender for information security products and services potentially worth millions of rands was due to close in November.
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