Cape Town: 1 August 2013 Saicom acquires Bua Bua customer base
Saicom announced today that it had acquired the vending and payphone customer bases of Bua Bua based in Centurion. Already a Kazang vending dealer the approximately 500 vending customers will be absorbed into the current Kazang base. A small payphone base was also acquired and will now be supported by Saicom’s payphone operational team. Regina Kgatle, the General Manager of Bua Bua, has joined the Kazang team and will head sales in the Northern Region from their current Centurion location.
“Many of the vendors that we have added through this acquisition are in the northern provinces of the country, specifically Limpopo, Mpumalanga and the northern half of Gauteng. It’s strategic for us to add more retailers in this area of the country where we have not traditionally had a strong footprint.” said Martin Wright, CEO of Saicom and Kazang. “I am particularly excited to welcome Regina to the Kazang team. She has a wealth of experience in this industry and we look forward to having an experienced person focused on building the Northern Region for us.”
Financial terms of the acquisition were not disclosed.
Kazang operates over 12,000 vending terminal throughout South Africa and has footprints in seven African countries.