ZUNGU INVESTMENT CO. CONCLUDES R935 MILLION IN DEAL VALUE DURING AN ACTIVE FINANCIAL YEAR
Reflecting on the past 12 months (July 2016 − June 2017), Sandile Zungu, Executive
Chairman of Zungu Investments Co. comments, “with a tough economic backdrop, our
investment team ends the year on a high note by completing the transactions below
in a year that we also repositioned our investment focus, rebranded Zungu Investments
Co. and moved into our new headquarters at Zungu on Main, in Bryanston”.
Disposes of Crazy Slots, a Gauteng–based LPM Route Operator to Goldrush for shares in Goldrush, which is a market leader in the alternative gaming industry. Please refer to www.goldrush.co.za
Establishes a new player in the Sports Betting industry by rolling out 4 Sports Betting Shops in Gauteng, creating 65 new jobs
Disposes of our interest in Seemann’s.
Disposes of 25.93% shareholding in Taquanta Investment Holdings. Please refer to www.taquanta.co.za
Qhubeka, a national B-BBEE Forensic Investigations, Audit and Fraud Risk Management practice, is now a 100% held subsidiary. Please refer to www.qhubekaforensics.co.za
Establishes a new analytics business specialising in fraud investigation and risk management applications. Qlik implementation partner. Please refer to www.qhuzic.co.ca
Acquires 100% of Accountants@Law, a niche forensic services business. Please refer to email@example.com
Funds the acquisition of the business of LR Plastics through MCG Industries. Please refer to www.mcgindustries.com
Acquires a controlling interest in specialised engineering business, Zungu-Elgin, by taking the business out of business rescue and saving hundreds of jobs. The business is on a solid footing for growth. Please refer to www.zungu-elgin.co.za
Invests in Zico Capital II, a mid–market South African– based private equity fund.
Acquires a 25% interest in Seriti Resources Holdings. Please refer to www.seritiresources.com
Increases investment in Scinta to 49% with Scinta acquiring the Ermelo & Davel coal assets from South32.