Independent private equity fund manager, Infinite Partners and a consortium of PE firms have acquired South African fintech startup e4 for $52.5m (ZAR1bn).
Fintech e4 acquired by consortium it-online.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from it-online.co.za Daily Mail and Mail on Sunday newspapers.
In the wake of global economic headwinds, eagle-eyed investors are turning to sector-specific quality assets in emerging markets to generate long-term, healthy returns.
A tale of two Tsogos: In mid-2019, Tsogo split into two. Tsogo Sun Gaming (JSE:TSG) holds the casino assets (Montecasino, Gold Reef City and many others) and Tsogo Sun Hotels (JSE:TGO) holds hotel assets that aren’t linked to the casino resorts (Southern Sun hotels, etc). This allowed investo.