RC Group Holdings (RCG) has entered into an exclusive joint venture agreement with Techno Investment to set up RCG Systems SA.
RCG Systems will market, sell and distribute biometric, radio frequency identification and security technology products and solutions in southern Africa.
RCG will hold a controlling 53% interest in RCG SA while Techno will hold the remaining stake, RC Group, a provider of biometric identification products, security and RFID systems said in a statement.
RCG SA, which is expected to commence operations by 1 January, will be jointly funded by RCG and Techno.
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