Sebata sells stake in the water group in r388.4m b-bbee deal
Features Reports

Sebata sells stake in the Water Group in R388.4m B-BBEE deal

Sebata, which specialises in servicing the public sector, sold a 55% stake in the Water Group, which comprises USC Metering and Amanzi Meters. A further 5% stake will be donated to Inzalo by Sebata.

The deal will boost Sebata’s broad-based BEE (B-BBEE) ratings and create shareholder value, it said.

USC is a supplier of electronic water control and pre-payment devices to water service providers. Amanzi Meters develops and manufactures plastic water meters, ball valves and meter boxes for water management reticulation. Read more

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