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PSG Buys Botswana’s CA Enterprises, Financial Mail Reports

March 28 (Bloomberg) -- PSG Group Ltd. will buy CA Enterprises, a Botswana-based consumer goods distributor, for 300 million rand ($39 million), the Financial Mail reported.

The investment holding company is looking for other acquisitions in Africa, the Johannesburg-based weekly magazine said, citing Chief Executive Officer Piet Mouton.

To contact the reporter on this story: Andres R. Martinez in Johannesburg at amartinez28@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net

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