KTH ‘confident’ in growth prospects following Tiso Blackstar exit
Kagiso Tiso Holdings (KTH) says it has full confidence in its prospects for further growth following the exit of Tiso Blackstar Group (TBG).
The exit occurs as KTH enters their tenth year of operation since the merger of Kagiso Trust Investments and Tiso Group, which dates back to July 2011.
“The contribution that TBG has made to KTH, through Nkululeko Sowazi, David Adomakoh and Andrew Bonamour, has been invaluable,” says KTH Group CEO Paballo Makosholo.
“While the merger dates back to 2011, the close relationship between the two companies has endured for much longer. Our corporate histories are irrevocably intertwined and will continue to be the legacy on which KTH is founded.”
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Nkululeko Sowazi, past KTH chairman remarked, “The exit from KTH has enabled TBG to significantly deliver on its strategic imperatives and growth plans into the future.
“As a black-owned and managed investment company, KTH has consistently delivered on its role of being a shareholder of reference in its underlying investments.
“TBG’s exit will in no way detract from this mandate and I am convinced that the company will continue to go from strength to strength.”
