22/05/2015 - LABAT SHARES TRADED AT R0.70 AT CLOSE OF BUSINESS:
It has been a busy week of trade in the labat shares after the announcement of the acquisition of the "RTG"group. Around 20 million shares traded between last Friday and today.
20/05/2015: GEM EXTEND ITS $100M LINE OF EQUITY TO LABAT FOR FURTHER 5 YEARS:
New York based Private Equity fund has confirmed that it has extended its $100m line of Equity to labat for another 5 years, to assist with further acquisitions for Labat in the Transport and logistics sector
19 /05/2015 - LABAT TO ACQUIRE REINHARDT TRANSPORT GROUP "RTG"FOR R627.5M:
Labat Announced on SENS today that it is to acquire the Reinhardt Transport Group "RTG" previously announced as the "Target Company" For a cash consideration of R627.5m.
WELCOME TO LABAT AFRICA
Labat Africa is a locally black owned and managed listed Investment Holding Company.We were Incorporated in 1995 and listed on the JSE in 1999,one of the first BEE Listed companies. Labat has been a major Government contractor since 1995 while the companies initial focus was on the transformation of the Public Sector it had expanded its footprint into a variety of high Technology Investments. Labat have implemented many high Profile Government assignments.
The Principal Objectives of the group are:
"To succeed in our mission by establishing and maintaining a corporate image as market leaders in the provision and delivery of quality management, business and technology services to commerce, industry, national and local government, the international market and all other organisations and individuals having a need for such services".
'To take advantage of this corporate image by profitably expanding the business of the group and ensuring a fair return on the capital invested by Labat Africa and the general public in the company, and appropriate rewards for all professionals and other workers employed in it's operations.