The Funds are rated by the National Empowerment Rating Agency NERA as complying with the rules relating to Private Equity Funds in the Interpretive Guide to the Codes of Good Practice on Broad Based Black Economic Empowerment.
Astrapak announces the successful conclusion of the sale of certain flexible operations including certain associated properties to Afripack Consumer Flexibles for a purchase consideration of R183.6 million.
Astrapak also announces the conclusion of the purchase of certain assets from Nampak Flexpak comprising mainly equipment to be integrated into existing operations.
Libstar exercises its call option to acquire a further 20% of Rialto from a non-executive shareholder, thus increasing its interest to 60%.
South Point acquires buildings in Braamfontein, Doornfontein, Randburg, Pretoria and Cape Town and Old Mutual agrees to advance further expansion capital to South Point.