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Cape Town - Quartile Capital, a black owned, managed and controlled financial services and investments group, announced on Monday that it has acquired 30% of Stakeholder Data Services (SDS).
Quartile Capital’s core business areas are treasury services, corporate finance, infrastructure consulting, wealth and SMME financing and SDS is a South African owned and managed transfer secretary and related business company.
In August this year SDS announced that it has started to offer transfer secretarial services for equities in South Africa.
READ: New transfer secretary in SA
The company was established in 2014, offering expanded, holistic financial services to all JSE listed, as well as unlisted, companies in South Africa including on the African continent.
"Our focus is to grow the business responsibly through the deployment of other financial services, to form alliance partnerships with established and reputable financial services entities, thereby ensuring sustainable growth and attractive returns for our investors," Johan Ras, managing director of SDS, said at the time.
On Monday he said the Quartile Capital acquisition of 30% will enable SDS to substantially grow its business and be "the most transformed and indigenised financial service company in the transfer secretary and stakeholder business sector”.
"Our focus is to grow the business responsibly through the deployment of other financial service offerings and forming alliance partnerships with established and reputable financial services entities, thereby ensuring sustainable growth and attractive returns for our investors,” said Ras.
Quartile Capital CEO Modise Motloba - who is also the deputy chair of Harmony Gold - has been appointed as director and deputy chair of SDS. He will take over the reigns as chair of SDS in January 2016.
"Our decision to invest in SDS compliments and broadens our service offering to our signature customers and we are very excited about the opportunities,” said Motloba.
