Morvest Business Group: Pruta lifts beneficial holding to 7.28%

Morvest Business Group had attracted further investment from Pruta Securities, the company said yesterday. Pruta Securities had lifted its holding in Morvest to 7.28 percent after acquiring an undisclosed beneficial interest in the technology firm. Morvest provides professional services and outsourcing solutions, information and communication technology solutions and retail and consumer services to companies in South Africa, Mozambique, India, the United Arab Emirates and the US. Shares shed 1c to close at 21c on the JSE yesterday. – Asha Speckman