DESTINY
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20.0%
Destiny Corporation (Proprietary) Limited (Destiny) is a black economic
empowered Johannesburg-based company whose primary business is making equity
investments with a view to long-term capital appreciation. VenFin owns 20%
of Destiny, which is now in its second year of operation. |
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Overview of the year to 30 June 2007
The year under review saw a significant increase in business activity, with
Destiny concluding the following transactions:
- a 57% interest in Thermaweld Industries (Proprietary) Limited, a supplier
of welding equipment and associated gases
- a 33% interest in Specpharm Holdings (Proprietary) Limited, a manufacturer
and distributor of pharmaceuticals
- a 75% interest in Koenigsegg Automotive, an importer and distributor of
the Koenigsegg supercar.
BEE
Destiny is a black controlled business that was started by a group of young
black professionals with investment banking experience.
The future
Destiny intends to continue with the expansion of its investment portfolio
through a number of high-value transactions under consideration.
