On The Money - In Brief

Mergers, Acquisitions and Financial Results

- SA’s MGX Holdings has sold Software Futures to an investor consortium for R20m. The deal took effect from 7 August. The transaction has been completed and depends for its finalisation only on normal suspensive conditions, such as approval from shareholders, the approval of the banking consortium and the Competition Board, and due diligence, which is expected to be completed within a week. The investor consortium is made up of Cape-based structured finance house, Brown Brother Holdings, and Kopano ke Matla Investment Company, an investment arm of Cosatu.