Gontse Moseneke appointed to board of Intertrading

It is optimal for Encha to achieve its technology investment objectives via a listed entity, enabling it to more readily access the capital markets, improve its profile and rapidly grow a business in the technology sector.

Tiego Moseneke of Encha Group had this to say about Gontse’s appointment:

“It is our view that the technology sector is likely to offer investors higher than average returns in the next while. Many technology shares remain substantially undervalued, with African technology stocks lagging behind North American and European valuations. As the economy recovers, technology spend will increase and impact positively on technology stocks. Africa, in particular, seems set for major technology spend as its economies achieve the projected growth. I am pleased with our acquisition of a significant interest in Intertrading. This will allow Encha and its investment partners to pursue a focused and fully funded strategy in the technology space.“

Gontse had this to say about his appointment:

“We have spent over two years improving our understanding of the technology sector, and the opportunities in this market. We believe that we have crystallised in our minds the opportunity in the market. The various industry experts to whom we have “stress-tested” our business model all concur that there is a gap in the market for us to succeed immensely. I am looking forward to steering the technology play on the listed market, with the active assistance of Encha Group and its investment partners.  This should be thoroughly enjoyable”