Motswedi buys control of JMR

Black IT company Motswedi has acquired a controlling stake in JMR Software for an undisclosed sum.

Motswedi says its 50.01% shareholding in JMR will increase its resource and skills capacity by an additional 3 000 skilled IT professionals.

It will also bring it closer to realising its targeted R1 billion turnover in the next few years, based on the premise that it exceeds the black economic empowerment (BEE) status prescribed in the new BEE Act.

Read the full article here.

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