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Tellumat looks secure

RETREAT-based technology manufacturer Tellumat might soon get additional security in its operations. Stellar Capital Partners – one of the largest shareholders in Tellumat – recently proposed buying out security technology specialist Amalgamated Electronic Corporation (Amecor.) The deal – depending on profit warranties being achieved – could be worth as much as R268m.

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Stellar on the move

CAPE Town-based investment firm Stellar Capital Partners (SCP) – which spearheaded by deal- making whizz Charles Pettit and retail tycoon Christo Wiese – looks ready to rumble.

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Tellumat sells industry-leading 51.1% BEE stake to Masimong technologies

Stellar Capital has sold a 51.1% controlling interest in Tellumat, the diversified electronics and communications group, to black-owned investment group Masimong Technologies.Total consideration for the Black Economic Empowerment (BEE) transaction, concluded on May 19, is a little over R180m. The deal is subject to approval by competition authorities and the companies’ respective boards.

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Cape industry reinforced for 2015

The past year has been a most trying period for industrial concerns throughout SA – their very viability threatened by a combination of higher energy and labour costs as well as a weak rand and brittle economic conditions locally and abroad.

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GPI betting on manufacturing

SOME eyebrows in Cape Town were raised when empowerment company Grand Parade Investments (GPI) opted to relinquish the bulk of its gaming investments. But perhaps it is GPI’s concerted push into manufacturing in Cape Town that is the real eye opener. Earlier this year GPI sold its stakes in the GrandWest casino in Goodwood and Golden Valley casino in Worcester as well as selling control of its limited payout machine (LPM) operations to gaming giant Sun International.

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