In December 2011 Magus Specialised Funds signed a Memorandum of Understanding with Stellenbosch University and InnovUS (the University’s technology transfer company) to raise funding for the commercialisation of the patented research developed by the University. Fund raising initiatives are currently underway. Magus Specialised Funds is also in discussion with other Universities.
Magus has signed an agreement with Continental Tyres SA (Pty) Ltd to build and own 9 retail fitment, assembly and distribution centres throughout Southern Africa. The first of these buildings is to be built in Port Elizabeth in 2012.
Magus Ventures is in early stage discussions to acquire an interest in a commercial honeybush tea farming, processing and export operation based in the Eastern Cape.
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Magus Ventures has acquired the technology for a revolutionary new health mask for air travel, and has developed the product to a commercialised stage. Magus is in discussions with several leading pharmaceutical companies for the manufacture and distribution rights of the health mask.
Formerly the International Bank of Southern Africa, Boundary Financing Limited was purchased by Magus Specialised Funds in 2003 from BNP Paribas and Dresdner Bank. The two major European banks were exiting South Africa and Magus Specialised Funds was able to structure, and raise funding for, the purchase of the bank. The structuring of the purchase of the bank was complex, with issues such as regulatory and tax considerations, and in depth corporate credit analysis was required on the banking book.