/ 17 July 2001

DATATEC UPS STAKE IN WESTCON

SOUTH African IT group Datatec said on Tuesday it had upped its stake in US unit Westcon to 90,2%, to allow for management changes ahead of Westcon’s planned listing in the United States. Datatec said it paid $22-million, funded from internal cash resources, to the original founders of Westcon and some other shareholders for the additional five percent of the US – based sales channel for leading vendors like Cisco Systems. – Reuters