Datatec makes further investment in consulting services

Information and communications technology group Datatec has made further investments in its consulting services division with the allotment of 174,912 ordinary shares at R34.14 apiece.

The investments are:

* The acquisition of a 30% equity stake in Cornwall Energy Associates, a UK-based research and consulting business focussing on the areas of electricity generation and distribution, including renewable energy, and smart grids (intelligent networked distribution).

* The acquisition of 11,215 further shares in Analysys Mason ("AML") - 0.56% of the equity of AML from a management shareholder - taking Datatec's interest in AML to 92.1%.

Story provided by StockMarketWire.com

13/12/2010