Browsing: Leo Baxter

The technology distribution business in South Africa has become “massively overtraded” and competitors are in a “race to the bottom” if they can’t diversify by entering complementary business areas. That’s the view of Miles Crisp, CEO of

MB Technologies co-founder Leo Baxter has sold his 45% stake in the IT distribution business to Investec Bank for an undisclosed sum. The company says Baxter has decided to focus all his efforts on his medical recovery following a polo accident in 2007 which left him paralysed. The treatment has produced encouraging results and Baxter has regained some movement.