Aug 18

R21 million Preference Share capital raised

Ditikeni has raised R21 million by the issue of preference shares to two leading Cape Town institutions. They are Metropolitan Asset Managers and the Old Mutual (South Africa) Foundation, which have each committed R10 million, and Pick n Pay Foundation R1 million.

Ditikeni has pledged to co-invest 10% of the total amount raised.

The capital will be used to make empowerment investments where cash is required.