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 leading distributor of pre-paid airtime, mobile subscriber starter packs and sim cards, as well as handsets to emerging consumers in South Africa. The company also owns a significant interest in a range of digital technology platforms which include micro-jobbing, training, airtime advance, SMS aggregation and service delivery platforms in the mobile connectivity space.

Transaction Overview

  • MIC Investment Holdings acquired 25.1% of DNI’s shares in a transaction valued at approximately R760 million and was concluded on  1 April  2020 following the sale and buy back of NET1’s remaining 27.5% interest in DNI.

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.

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.

Transaction Overview

  • In April ‘21, MIC acquired Thebe Investment Corporation’s 11.3% interest in the ordinary share capital of the company.

Our mission is to provide more than just funding  – as active equity partners we are not only providers of capital, but  also offer strategic, board-level guidance on corporate governance and transformation.