South Africa’s richest man plans to take control in Trans Hex

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 South Africa’s richest man plans to take control in Trans HexA wealthy man, the richest in South Africa – Christo Wiese, intends to take control in Trans Hex Group Ltd., as reported in a leading media. He has formed a consortium of investors for the same, reports add. Two companies supported by the Wiese family – Cream Magenta 140 Proprietary Ltd. and Metcap 14 Proprietary Ltd., have bought 47 percent stake in the company.

Plans are to join with RECM Calibre Ltd., which owns 25 percent to form a consortium which then would have 72 percent stake in the compnay, as per reports. Further, the consortium could approach the shareholders for the remainder of the stakes, as per reports.



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