1time has confirmed that J & M Equities has acquired a beneficial stake in 1time Holdings shares.

J & M Equities, a training company based in Durban also affiliated with the property sector, has acquired an additional 10,5% in shares, following its first acquisition of 5,6% in May.

Commenting on the move, Blacky Komani, 1time CEO, told Tourism Update that he had met with J & M Equities, which had seen an opportunity in acquiring shares in the group, with a possibility of even more co-operation in future. “This shows that investors still have confidence in 1time’s future,” said Komani.