25% of stake in Altech's Netstar division is being taken over by two empowerment groups, in a "R350 Million deal" that will reportedly not even cost them a cent. 25% share, plus one share of Netstar, is being given by Altech to Thebe Investment Corporation and Identity Capital Partners.

The shares will initially be funded by Altech itself and the two black groups' payment of the stock will be recovered over the next 5 years, which will basically be done using the cash from the dividends that their shares which have been recently acquired will generate.

"The majority of fleet management customers are government- related, so black empowerment is critical. With the right partners we are going to see tremendous benefits for the fleet management business. Our competitors don't have an empowerment structure that's as powerful as we have put together here", said Altech CEO Craig Venter.

Another similar deal is underway for Altech's UEC division, and is scheduled to be announced in the first quarter of the coming year.