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Global satellite navigation provider Garmin is to acquire Garmin Distribution Africa, the distributor of Garmin's automotive, outdoor recreation, fitness and marine products in southern Africa, as part of efforts to grow its African business.
South African diversified industrial group Bidvest is to acquire the whole of Seafood Holdings, a leading national fresh seafood producer and distributor in the United Kingdom, for £45-million (about R473-million).
South Africa's first regional electricity distributor, known as RED One, has started operating in Cape Town. REDs will combine the functions of Eskom and local authorities, which will buy electricity from power generators at wholesale prices determined by the National Energy Regulator.