Absa Capital buys private equity stake in one of Southern Africa’s largest outsourcing groups

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Absa Capital today announced that it has acquired a 49.9% equity stake in Tsebo Outsourcing Group (Tsebo), one of the largest black empowered hospitality and facilities management companies, including Fedics and Drake and Scull, in Southern Africa with annual turnover in excess of R2bn. This follows the exit by Ethos Private Equity after eight years…. Read more »