South African Financial Info Site Moneyweb Sells 25.1 Percent Stake

South African financial media company Moneyweb, which gets half of its revenues from its online activities, has sold 25.1 percent of its shares (it is publicly traded there) to Isingqi Investment Holdings. The transaction is being financed by Mvelaphanda Holdings, a local investment firm. The company said that with this deal, Moneyweb will now have over R10m in cash – and access to more if required. More details here.

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