ASI Acquires Majority Stake in Conekt to Expand ICT Services
South African investment group ASI has taken a majority stake in Johannesburg‑based managed ICT provider Conekt Group, rebranding the business as ASI Connect. The move combines Conekt’s 30‑year experience in managed services with ASI’s connectivity expertise and Level 1 B‑BBEE status, creating a co…
By Felo News Desk · Published
On 23 September 2026, South African investment group ASI announced it had acquired a majority stake in Johannesburg‑based managed ICT provider Conekt Group. The transaction will see the combined entity operate under the name ASI Connect, positioning the new business as a one‑stop shop for enterprise technology services across infrastructure, cloud, connectivity, workplace support, hardware supply and cybersecurity.
What the Deal Means for Clients
The integration of Conekt’s long‑standing managed services capabilities with ASI’s robust connectivity portfolio will give customers a single accountable provider for all their technology needs. By eliminating the need to engage multiple ICT suppliers, organizations can streamline vendor management, reduce complexity and focus on core business objectives.
ASI Connect will offer 24/7 security monitoring and response, managed security services, a service desk and cloud operations, all governed by an ISO 27001‑certified framework. This unified approach is designed to meet the stringent compliance requirements of regulated sectors, particularly those governed by South Africa’s Protection of Personal Information Act (POPIA).
Background on the Companies
ASI is a well‑established investment group that has built a diversified portfolio in connectivity and ICT. The company holds Level 1 B‑BBEE procurement credentials, a key advantage for clients seeking to meet South Africa’s Broad-Based Black Economic Empowerment (B‑BBEE) targets.
Conekt Group, founded more than three decades ago, has built a reputation for delivering managed services, business continuity solutions, cloud infrastructure and a 24/7 security operations centre. Its client base spans a wide range of industries, and the company has consistently invested in technology and talent to stay ahead of market demands.
Governance, Compliance and Transformation
Both ASI and Conekt have highlighted governance and compliance as central pillars of the new offering. ASI Connect will provide audit‑ready reporting, enabling regulated organizations to demonstrate operational control and compliance with data protection legislation.
The partnership also leverages ASI’s Level 1 B‑BBEE status, allowing clients to access procurement benefits across the expanded ICT suite. This alignment supports transformation goals for both the companies and their customers.
Impact on Existing Clients
Existing Conekt customers will experience no immediate changes to their teams, contacts or service commitments following the investment. The transition is intended to be seamless, with the added benefit of broader capabilities and resources from ASI’s network.
ASI and Conekt executives have emphasized that the collaboration will enhance service delivery while preserving the high level of customer support that both brands are known for.
Next Steps and Future Outlook
With the acquisition complete, ASI Connect plans to roll out its expanded service catalogue over the coming months. The company will focus on deepening its cloud and cybersecurity offerings, expanding its hardware supply chain, and enhancing its connectivity solutions to meet the evolving needs of enterprise clients.
Stakeholders can expect further announcements detailing the integration roadmap, new service launches and potential partnership opportunities as ASI Connect moves forward.
Key facts
- ASI acquires majority stake in Conekt Group, forming ASI Connect
- 24/7 security monitoring and ISO 27001‑certified services offered
- Governance and compliance, especially POPIA, are central to the offering
- Existing clients experience no service disruption
- ASI’s Level 1 B‑BBEE status provides procurement advantages
Why it matters
By uniting ASI’s connectivity strengths with Conekt’s managed services expertise, the deal creates a single, compliant provider capable of meeting the complex demands of South Africa’s enterprise ICT landscape.
Frequently asked questions
What is ASI Connect?
ASI Connect is the rebranded entity resulting from ASI’s majority acquisition of Conekt Group, offering a full suite of managed ICT services.
Will my current service agreements change?
No, current agreements remain unchanged; the transition aims to be seamless for existing clients.
How does the partnership address compliance?
Services are governed under an ISO 27001 framework, with audit‑ready reporting to support POPIA compliance.
What benefits does Level 1 B‑BBEE status bring?
It enables clients to meet B‑BBEE procurement targets, potentially reducing costs and enhancing transformation outcomes.
Sources
- [1] bizcommunity.com — originally reported as “ASI buys majority stake in Conekt to expand enterprise ICT services”
