Diatla broadens horizons by buying out Molalatau Security

Diatla Investment Holding Company announced last week Wednesday that it has bought out Molalatau Security (MS) entirely. New CEO, Wayne Derksen, told Northern News that through acquiring MS, Diatla added value for its more than 600 share holders and now also has the opportunity to serve the Lephalale community.
“The previous owner of Molalatau, Theo Pistorius, built up a great company known for its community involvement and we plan to build on this en render an even better service to the public.”
More than 75% of Diatla’s shareholders are women from rural areas and according to Derksen the company’s goal is to empower the local community of Lephalale.
Derksen adds that Diatla is currently negotiating with several other already profitable companies to buy shares from them.
“Our aim is to partner with these local companies who will through their partnership with Diatla become compliant with government regulations relating to BEE and other requirements.”
Pistorius told Northern News on Tuesday that the sale of Molalatau affords him the opportunity to become more involved in the Pistorius Group and property development.
“For the first time in eight years I have regular office hours and my phone is not ringing off the hook with crisis to manage!”
Pistorius says Diatla is structured in
such a way that Molalatau Security will benefit from more contracts due to its BEE partnership.
“They have taken over the company as it is with the same personnel who are all very committed to rendering a much needed service in Lephalale, I wish them all the best.”