Technology

With more than 1.1 million connected vehicles, over 1,600 staff members and more than 23 years’ experience in the vehicle tracking and telematics industry, Tracker is the largest telematics company in Africa and the third largest in the world.

Most people see Tracker as a Stolen Vehicle Recovery (SVR) company, and while it is still at the core of their business, they have evolved significantly since their birth in 1996. Through a culture of continuous innovation driven by one of the most experienced and dynamic teams, Tracker has built a reputation far beyond its SVR roots which has cemented its position as the leading provider of telematics solutions to an automotive ecosystem which includes OEMs, Dealers, Insurers, Fleet Operators and Consumers.

MIC transaction overview

  • In December 2001, MIC acquired an interest in the ordinary share capital of the company
  • In August 2006, Mobile Data and Tracker merged
  • In October 2011, Actis, MIC, RMBV and management acquired the majority stake from Wesbank, Remgro and other sellers, allowing the MIC to increase its stake
  • The MIC owns 30% of Tracker

DNI is a market leading investment company providing distribution and technology related services from a B2B perspective, with reach in 29 countries globally.

DNI has four main operating segments:

  1. Mobile product distribution (sim cards, airtime etc.)
  2. Hardware distribution (handsets and related products)
  3. Technology (financial technology and payments, advances, mobile content, platforms-as-a-service, omni-channel communication etc.)
  4. Value-added services (insurance, digital marketing via free commuter Wi-Fi etc.)

 

MIC transaction overview

MIC Investment Holdings has been invested in DNI since April 2020 with a shareholding of ~24.6%, having invested approximately R777 million.

Innovation and insight combine in Vox, a market leading end-to-end integrated ICT and infrastructure provider and telecommunications company. From data to voice, as well as cloud, business collaboration and conferencing tools, Vox offers intelligent solutions that connect South Africans to the world, supporting entrepreneurs, customers and commerce, whilst practicing values of integrity, choice and service excellence in all of its dealings.

MIC Transaction Overview

  • In 2020, MIC acquired a 9.9% stake in Vox Telecom.

YeboYethu Limited was incorporated in 2008 and was formed for the specific purpose of acquiring an interest in Vodacom SA (in which it holds a 6.23% stake). Vodacom is a leading and purpose-led African connectivity, digital and financial services company. From its roots in South Africa, its has grown to include operations in Tanzania, the Democratic Republic of the Congo (the DRC), Mozambique, Lesotho and Kenya. Its mobile networks covers a population of over 295.8 million people. Through Vodacom Business Africa (VBA), it offers business-managed services to enterprises in 48 countries.

MIC Transaction Overview

  • In April ‘21, MIC acquired Thebe Investment Corporation’s 11.3% interest in the ordinary share capital of the company.
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Boasting offices in Cape Town, Mossel Bay, Durban and Namibia, African Marine Solutions (AMSOL) is a specialist solutions provider and partner to clients who operate in marine environments. AMSOL is the only marine solutions provider in the region that is employee and management owned, and is a catalyst for economic empowerment and shared value creation. The company’s services offering is vast and covers several industries, including ports, mining, maritime and energy. MIC transaction overview In 2016, MIC Capital Partners (a joint venture between MIC and RMB Ventures) acquired an 18% interest in AMSOL

Investment sectors

Financial
Media
Business Services
Consumer
Industrial
Technology