Mauritian investment group Lonsa Group has acquired fibre cement manufacturer Everite for R600m.
Lonsa Group Limited (Lonsa), a Mauritian principal investment entity investing in the energy, industrials, logistics and property sectors in Africa, has acquired majority and controlling shareholding in Everite for approximately R600m. Everite is an industrial manufacturer of a range of building products for the commercial, industrial and residential markets.
Mauritian private investment entity Lonsa Group has acquired the majority shareholding in Everite, the industrial manufacturer of a range of building products for the commercial, industrial and residential markets.
Mauritian investment entity Lonsa Group Limited (“Lonsa”), has acquired the majority and controlling shareholding in Everite, the leading industrial manufacturer of a range of building products for the commercial, industrial and residential markets, for some R600-million, in a massive vote of confidence in South Africa’s struggling construction sector.
It is vital that service-providers / contractors who carry out work for government are qualified and equipped to do so and being able to challenge sub-par and unprofessional work should be encouraged to ensure the integrity and accountability of government and politicians.
