2006

2006

  • Acquisition of a 15% interest in Combined Motor Holdings for R294m
  • Establishment of Indwe Insurance Brokers in a joint venture with Pamodzi Investment Holdings (through the merger of Thebe Risk Services and Prestasi Brokers)
  • Acquisition of 25% stake in engineering and construction company Kentz South Africa
  • Sale of Tusk Resorts to Peermont Global
  • Acquisition of 4.4% stake in Channel Life Holdings (remaining stake in Safrican is sold into Channel Life Holdings in 2007)
  • Batho Batho Trust sells 2,061 shares to Umhlomulo Equity Participation (a company made up of Thebe employees), thus giving Umhlomulo 22% shareholding in Thebe