The consortium also includes African Development Partners II, which is managed by Development Partners International (DPI) and the Government Employees Pension Fund (GEPF).
RTT’s current senior management team and a black empowerment staff trust will hold the remainder of RTT’s share capital.
Ethos partner Anthonie de Beer said, “With a leading market position and differentiated business model, the consortium considers RTT a very attractive investment opportunity. RTT’s management team is experienced and energised; we look forward to collaborating with them to grow RTT to achieve full potential.”
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