BUSINESS BRIEF.

Byline: Simon Mundy, Michael Bleby and Business Day Reporter

BUSINESS BRIEF ICC to buy First Light from Sekunjalo FUND MANAGER Industrial Credit Company Africa Holdings (ICC) had agreed to buy First Light Administration Services from empowerment group Sekunjalo, it said yesterday. ICC will pay R12,3m for Sekunjalo's B preference shares and 50,3% ordinary shareholding in First Light, a retirement fund administrator that provides services to 160 corporations. It will pay a further R1,88m to the remaining First Light shareholders for their B preference shares, and an as yet unspecified amount for shareholders' loan accounts against First Light. Simon Mundy Verimark sells shares …