Tsebo Outsourcing Group

Lereko acquired a 15% interest in Tsebo Outsourcing Group effective 1 December 2007. Tsebo is the holding company of Fedics, the largest catering business in the country, Drake & Scull, the second largest facilities management company and Equality, a catering business with contracts in the mining sector. Absa acquired 100% of the business from Ethos Private Equity through an auction process and then sold down 20% to management and 30% to BEE partners which included Lereko. Lulu Gwagwa chairs the board of Tsebo Outsourcing Group and Tsheko Ratsheko serves as a board member.