In November 2006 Simeka Group (Pty) Ltd and Fintech (Pty) Ltd joined forces in a Black Economic Empowerment Deal that saw Simeka adding measurable and sustained value to Fintech. Simeka Group’s powerful network connections – particularly in the Government sector – are of great benefit for mutual business growth, and the strategies of both parties are aligned with Fintech’s mission.
Founded in 1996 and incorporated in 2006, Simeka Group holds interests in the financial, property and professional services sectors. Simeka Group’s successful business track record makes them a powerful partner to Fintech.
The deal has assisted in the continued commitment to the transformation process within Fintech, and with all shareholders aimed at growth in the financial services sector, the partnership with Simeka Group has given Fintech an even greater competitive advantage to grow our business in the fields of office equipment finance, copier finance/rental/lease and asset rental finance, and to continue to enjoy great successes in the financing industry.
Mr. Robinson Ramaite, founder and chairman of Simeka and previously the Director General of the Public Services Administration says: “The investment in Fintech not only gives us the opportunity to add skills, resources and infrastructure to the Simeka Group, but also provides us with the ability to expand our business model and strengthen our base from which it can grow in the financial services sector.”
Fintech holds a level 4 BEE rating.