JOHANNESBURG, South Africa – South African investment firm Long4Life has agreed to buy fashion retailer Rage for 3.9 billion rand ($287.5 million) to strengthen its lifestyle brands business. The amount will be settled through a combination of shares and cash from internal resources and bank debt, Long4Life said in a statement on Tuesday. As part of the deal, Long4Life, which targets investments with a lifestyle focus, will issue 270 million ordinary shares at 5.50 rand per share, worth 1.5 billion rand in total. Following this, the owners of Rage will hold about a 22.8 percent stake in Long4Life Post navigation Nike Stores in South Africa Reopen Following Backlash Over Racist Video The 10 Themes That Will Define the Fashion Agenda in the Year Ahead