The disposal forms part of TMG's turnaround strategy‚ which includes exiting non-core businesses. MAPIT provides navigation data and related navigational mapping services to navigation device suppliers in the South African market and as such MAPIT is not aligned to TMG's core businesses‚ being media and retail solutions.
"The proceeds of the disposal will be used to reduce acquisition leverage with respect to future acquisitions more aligned to TMG's core business‚" the group said.
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
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Jeremy Lang, Business Partners Limited 23 hours
