Jasco has been listed on the South African stock exchange, the JSE, since 1987.
It operates across South Africa and have offices in Kenya to conduct businesses in East Africa and the United Arab Emirates to serve the Middle East.
Jasco is a South African-based group that delivers smart technologies across the disciplines of telecommunications, information technology, energy and industry.
On Friday, CHI acquired more than 24 million shares or 19.3% shareholding in Jasco from JSE-listed black-owned group AfroCentric for R32 million.
The JSE-listed electronics group said the deal would result in AfroCentric reducing its stake in the business to nil.
AfroCentric will utilize the cash proceeds to enhance organic growth in its healthcare business segments.
The transaction has made CIH ‘s slice in Jasco to be bulked-up to 31.95% from 12.1%.
CIH is 100% black-owned, women-led company with significant interests in six vital areas of the economy: healthcare, ICT, power & energy, logistics, mining and infrastructure.
Mokogokong is a medical doctor by profession, who set off in 1995 with businessmen Joe Madungandaba to start what has today become one of South Africa’s biggest business success stories
Their foresight, dynamism and entrepreneurial talents have enabled the company to move from its humble origins to a leading empowerment concern, with operations globally and in Southern Africa.
They have contributed immensely through their active involvement in the management of the businesses that CIH has acquired, by utilising strategic guidance, and not as passive players.
It is now one of the eminent B-BBEE (broad-based black economic empowerment) company’s in the country.