Dubai's Aramex buys South Africa's PostNet franchise for $16.5M

PostNet, Hibiscus Mall, Margate, South Africa

Aramex has bought the master franchise for South African retailer PostNet for $16.5 million from OneLogix Group, the Dubai-based courier firm said on Sunday as it expanded its presence in Africa.

PostNet provides courier, printing and copying services, plus stationery and mailboxes, to individuals and businesses and has 287 stores in South Africa, according to an Aramex statement to Dubai’s bourse.

Read more: Dubai's Aramex buys South Africa's PostNet franchise for $16.5 mln | Reuters.

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