|
Shareholders |
|
|
Simeka Group |
25.1% |
|
Investec Bank Limited |
25.1% |
|
Fintech Management |
49.8% |
|
Total |
100% |
Investec Bank Limited
Investec is an international, specialist
banking group that provides a diverse
range of financial products and services
to a select client base. Since
inception, Investec has expanded through
a combination of substantial organic
growth and a series of strategic
acquisitions. Today, Investec have an
efficient integrated international
business platform, offering all their
core activities in the UK and South
Africa, and select activities in
Australia.
“The decision to invest in Fintech is
part of a deliberate strategy for
Investec. We strive to be recognised as
a distinctive specialist banking group
and the acquisition of Fintech is in
line with our goals to build value-add
businesses. With the joint experience
in securitisation and asset finance, I
am certain that this transaction will
result in expanded growth for all
parties. ” – Anton Millar
Fintech Directors from Investec:
Stuart Spencer
Simeka Group
Simeka was founded in 1996 with the aim
of being a meaningful player in the
professional services space and has to
date successfully invested in a number
of companies. The acquisition of shares
in Fintech is in line with the overall
strategy to establish a financial
services group that provides skills,
resources and financial support to its
current investment portfolio.
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 directors from Simeka:
Robinson Ramaite
Cecil Maswanganyi