The move is reported by Mustek for the year ended June 30, 2025.
Technology Solutions Provider Mustek It took a major step into the artificial intelligence sector by acquiring a 51% stake in newly established business AI. (Pty) Ltd, August 1, 2025.
Business AI is building a dedicated B2B Marketplace portal designed to connect companies with vetted AI vendors, platforms, solution providers and data centers. The platform acts as a trusted gateway for businesses seeking to adopt AI safely, ensuring that all listed products and services have undergone quality, relevance and security checks.
The move is reported by Mustek for the year ended June 30, 2025. Revenue fell 15% to R718 billion, reflecting lower consumer demand, delays in public sector and lower sales of green energy products. However, the group has improved profitability, with base earnings per share almost doubled to 71.71 cents, while earnings per share increased by 8% to 72.73 cents. A final dividend of 13.75 cents per share has been declared, starting from 7.50 cents in 2024.
CEO Hein Engelbrecht noted that AI is one of the current IT investment priorities, with companies shifting their focus from hype to measurable outcomes of analytics, automation and cybersecurity. Mustek's investment in business AI is positioning the group to capture new growth in AI-enabled hardware, software and services, he said.
The group also reduced working capital management progress, inventory and accounts receivable by 19%, generating R687 million in cash, a sharp turnaround from R60 million last year.
With the adoption of AI accelerates globally and South African companies putting pressure on them to digitalize, Mustek's expansion into businesses is intended to move beyond traditional distribution and play a leading role in shaping the regional AI ecosystem.
