SA financial services group Women Investment Portfolio Holdings (Wiphold) has acquired retiring New Africa Investments (Nail) CEO Dikgang Moseneke's 25% stake in Phaphama, Nail's holding company, for R35m ($4.2m).
Phaphama controls Nail through the ownership of 53% of Nail’s ordinary shares. The other shareholders of Phaphama are Hollard Insurance and Safika. Commenting on the announcement, Wiphold direct...
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