DATATEC LIMITED - DTC : Westcon Southern Africa BEE Transaction
4 September 2019 16:59
DTC : Westcon Southern Africa BEE Transaction: 
Datatec Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005004/06)
ISIN: ZAE000017745
Share Code: DTC
("Datatec" or "the Group")


Datatec, the international Information and Communications Technology (ICT) company,
announces a change of the black economic empowerment ("BEE") partner of its subsidiary
Westcon Southern Africa Holdings Proprietary Limited ("Westcon SA").

MIC Investment Holdings Proprietary Limited ("the MIC") has disposed of its 40% equity interest
in Westcon SA and Ascension Capital Partners Proprietary Limited ("Ascension"), a private equity
investor has acquired a 40% equity interest to become the new BEE partner of Westcon SA.

Westcon SA has maintained its level 1 BEE rating pursuant to this transaction.

Jens Montanana, Datatec's Chief Executive Officer, commented:

"I am delighted to welcome Ascension as our new BEE partner in Westcon SA and thank
the MIC for its valued contributions during its nine years as a shareholder of Westcon SA.

"As a South African company, Datatec strongly supports the BEE programme and we are
very proud of the level 1 BEE rating achieved by Westcon SA."

4 September 2019
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 04/09/2019 05:00:00
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