Afinitas acquires 50% stake in London conference
Thursday, September 24, 2015
Afinitas executive director, Leutlwetse Tumelo told Mmegi Business on Tuesday that the acquisition is a step in the right direction for the company as it now has a subsidiary.
The 50 percent stake in the London-held conference is being bought for a nominal fee of $100 (P1,040) as its beneficial owner, Rupert McCammon, is also a majority shareholder in Afinitas.
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...