South African financial services company, Prescient, has announced a deal with Lebashe Investment Group to boost black ownership of the company. The deal is expected to have a positive impact on Prescient’s business operations and financial performance, as well as on the broader financial services industry. The deal reflects a broader trend towards increasing black ownership and promoting transformation in the South African business sector.
- Subject to regulatory approval, the deal involves the sale of a 25% stake to black-owned investment firm, Lebashe Investment Group.
- This move will increase black ownership of the company to 51% and is part of Prescient’s commitment to transformation and promoting diversity in the financial services industry.
- The deal is part of Prescient’s commitment to transformation and promoting diversity in the financial services industry.
- Furthermore, the deal will provide Prescient with access to additional capital and expertise, which will help to support the company’s growth and expansion.