The Reatile Group, an investment holding company, has acquired a 37.54% stake in Pragma, one of SA’s leading enterprise asset and facilities management companies. This move enhances Pragma’s potential international growth, while accelerating the organisation’s transformation agenda. “I’ve been involved with Pragma for a while, and I’ve known Reatile for much longer. I believe it’s a great move forward for both companies. I think what’s important is that it’s a very sound business decision based on normal business principles and creates a good platform for growth for both Pragma and Reatile. It will increase the business footprint in the energy sector in South Africa, but beyond that, this deal also accelerates Pragma’s South African transformation agenda and enhances the potential for international growth,” says Marjo Louw, Pragma Chairman.
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