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MTN launches a Pan African Internet of Things platform

By Staff Writer

To help African enterprises prepare for the Internet of Things (IoT), MTN Group on Thursday announced a platform to control and manage the connectivity for their devices and sim cards.

The new IoT platform is now live in South Africa, with other MTN operating countries set to follow over the next 12 months.

MTN said the platform removes significant cost and accessibility barriers, ultimately enabling development on a broader scale, leading to the establishment of a vast ecosystem of scalable solutions addressing real-world needs.

As part of the development of IoT, MTN has introduced a global Machine-to-Machine (M2M) sim card, which gives customers the same rate for M2M activity across MTN’s footprint in Africa. M2M services are also referred to as the Internet of Things (IoT) – a concept of connecting devices – ranging from refrigerators, geysers and smart electricity meters to coffee makers – to the internet.

The open platform enables networked devices to exchange information and perform actions, responding intelligently to their environments without human intervention.

“To ensure a seamless customer experience for our customers, wherever MTN has presence, the IoT platform has a dedicated network, separate from the consumer network, for operational and business systems support. As a result, the platform is dedicated to managing all MTN’s machine-to-machine functions,” says Mteto Nyati, MTN Group Chief Enterprise Officer.

The number of global IoT connections is expected to reach 360 million by 2018.

“In South Africa, the wholesale Machine-2-Machine (M2M) market – one aspect of IoT – is already worth an estimated R350 million and expected to grow to R1.2 billion by 2017. This means there are significant business opportunities for aspiring developers in South Africa and the rest of the continent,” says Nyati.

MTN Business competes with XLink Communications and other companies in the M2M market.

Vodacom,  XLink Communications shareholder,  recently said it wants to accelerate growth of this provider of wireless data M2M services.

The intent to grow the business comes at a time when South Africa’s biggest mobile phone operator is struggling to find lucrative acquisitions targets on the African continent.

Cell C’s R10 000 reward for switching service providers raises eyebrows

“Clearly Cell C is positioning itself again as a trend setter – like before I expect that when this campaign goes pear-shaped the struggling operator will run as fast as it can to Icasa, the industry watchdog, to ask for a bailout via regulatory intervention.”

By Gugu Lourie

Cell C is dangling a whopping R10 000 reward to new customers who ditch contracts with Vodacom and MTN and sign up with South Africa’s third largest mobile service provider – but the unprecedented move raises sustainability questions.

Cell C is yet to deliver its first bottom line profit after 14 years in existence.

That said, Cell C is following international trends in which operators entice customers contracted to other service providers by offering to pay early termination fees.

Mobile operator Sprint is doing the same thing in the US. Sprint, not only pays early termination fees, but also covers the settlement balance on phone instalment plans.

Cell C boss Jose Dos Santos has identified early termination fees as being a major stumbling block that deters contract customers from switching service providers.

“So many South Africans are feeling trapped in long-term contracts by their providers that ask for extortion cancellation fees for early termination,” said Dos Santos.

Cell C CEO Jose Dos Santos
Cell C CEO Jose Dos Santos

“Cell C’s contract buy-out proposition releases customers from those fees by offering to help buy themselves out of their existing contracts.”

The R10 000 payment is expected to woo disgruntled Vodacom and MTN contract subscribers.

In theory new customers are expected to move in droves to Cell C – but as with many other campaigns this one is unlikely to have a significant impact.

Cell C’s buyout proposition has so far drawn mixed reactions on TechFinancials.co.za social media platform.

Edwin Naidu tweeted satirically: “Voda-con going to take a hit. Cell C offering users R10 000 to cancel Vodacom, MTN contracts.”

While Tshepo Bailey, tweeted: “Not feasible” and @KinxD_sse tweeted: “How is this sustainable”.

That said, let’s step out of the normal and ask radical questions regarding this Cell C’s proposition to entice rivals customers to switch to its network.

Cell C is not Sprint and it’s not a profitable entity

 South Africa’s third largest mobile operator has massive long-term debts that runs into billions of rand and its main shareholder Saudi Oger Telecom wants to sell its shareholding in the company.

One wonders if Saudi Oger Telecom is still injecting equity capital into the struggling business.

Granted desperate times call for desperate measures – but can Cell C’s offer to Vodacom and MTN customers to settle their contract buyout fees change its fortunes?

Apart from the incentive, why would customers want to be contracted to Cell C?

Why would a Vodacom, MTN contract user opt to switch to Cell C network, which is still playing a catch-up with its rivals?

Why would Cell C want to pay its rivals to let go of contract customers, especially considering that porting is a messy affair in South Africa?

Does Cell C offer a better network than MTN and Vodacom, including Telkom?

Finally, is this buy-out promotion a grandstanding by Cell C to say things are well and we have the cash to compete?

Frankly Vodacom and MTN could create a similar, but better promotion anytime and add more value for customers. Both Vodacom and MTN have very deep pockets to counter Cell C’s proposition.

Cell C has in the past positioned itself as a “champion of the consumer” when it comes to voice calls. But it has failed to attract millions of disgruntled customers from both Vodacom and MTN.

Will this new proposition be any different? Prepaid customers who have ported to Cell C complain that the operators’ network is unreliable.

What is going on at Cell C could in future prove to be a disaster.

Clearly Cell C is positioning itself again as a trend setter – like before I expect that when this campaign goes pear-shaped the struggling operator will run as fast as it can to Icasa, the industry watchdog, to ask for a bailout via regulatory intervention.

In short, Cell C is trying to use money to force Vodacom and MTN customers to fall in love with it, without offering them alluring innovative products, services or a better network.

What’s even more perplexing is that Cell C is trying to entice contract customers, who are already enjoying the benefits of 4G/LTE investments from Vodacom and MTN.

Cell C is still planning to plough R8 billion into building 4G/LTE network.

Maybe just maybe Cell C – in its current fragile financial state – has enough cash stashed somewhere to sustain this buyout promotion?

It will be interesting to find out how Cell C’s want-away main shareholder, Saudi Oger Telecom, react to a possible drain on the company’s coffers in an ambitious, but risky attempt to entice customers from rival network operators.

At this stage, I will not second guess Cell C, but would advise the company to tone down on positioning itself as a marketing company.

 

Going to the office? BYO Apple Watch

The launch of the Apple Watch heralds the transformation of BYOD into BYOX. How can businesses accommodate #GenMobile’s adoption of wearables, while still staying in control?

By Matthew Barker

“Gorgeous”. “Beautiful”. “Actually useful”. “Epic”. The accolades from the reviewers of the Apple Watch keep pouring in and the new device – though not the first of its kind in the market – holds the potential of becoming as ubiquitous as the iPhone or the iPod.

However, the expected popularity of the Apple Watch raises interesting challenges for CIOs and IT managers. The Apple Watch is merely a herald of an expected tsunami of BYOD smart devices and Internet of Things (IoT) wearables into the workplace, potentially opening up new risks to corporate data privacy and security.

It’s highly likely that the first Apple Watches in the workplace will be personally owned. Yet these devices will be able to interact with corporate networks and access, download and store company data. Other wearables (not the current version of the Apple Watch) come with built-in cameras. In fact, one of the more interesting features of the Apple Watch is the ability to tether to, and control, iPhones over a remote connection.

IT departments will be understandably worried about the impact of the Apple Watch on the workplace. Even though many organisations have already adopted BYOD policies, several new conundrums will pop up.

At the very top of the list: Is it appropriate to allow wearable devices to connect to enterprise networks? What if the device is already tethered to a smartphone that has been given access?active_twitter

Bear in mind that, according to a study by Aruba Networks, the new generation of employees – dubbed #GenMobile – expect mobility at the workplace to be a given, so any blanket decision to ban such devices from the workplace will be highly unpopular. In fact, almost two thirds of study respondents say they use mobile devices to help them manage their work and personal lives better.

If the decision is made to accept Apple Watches and other wearables into the organisation, will existing BYOD policies that govern the use of corporate data be enough or will new policies be required?

When tinkering with these policies, CIOs have to keep in mind the fact that there will be other IoT-based devices coming along that could be embedded into an employee’s clothing or even office pantry appliances. In fact, the acronym BYOD will soon have to be replaced with BYOX, with the “X” symbolising practically anything.

Once policies have been amended appropriately, then – and only then – CIOs can turn their attention to the underlying communications network. Many IT organisations have already put in place solutions that can secure any mobile device that connects to corporate Wi-Fi; giving them complete visibility of the number, type and frequency of mobile devices assessing their network.

What’s more, these platforms are also capable of enforcing flexible security policies that are capable of analysing – and acting on – the context of how an employee uses the mobile device. For instance, an employee using an Apple Watch at a coffee shop to access corporate data may not be granted the same level of access as one who uses a PC during office hours. Depending on the context, different policies can be applied to make sure that the right balance between flexibility and security is met.

Given these considerations, CIOs will need to skillfully juggle the competing requirements to arrive at an enlightened BYOX policy that is most appropriate to their company’s needs. The Apple Watch certainly won’t make that juggling act any easier. But it will certainly make it more beautiful.

 

How Small Businesses can use SMS Marketing Effectively

By Tony Smith

Over the years SMS marketing has become extremely prevalent as it is valuable, cost effective, intimate and reaches a specific target audience at a particular time. Small businesses with a tight marketing budget can achieve a high return on investment using SMS technology if they use it correctly.

The majority of mobile users rarely leave home without their devices, meaning businesses are able to connect with their audience, wherever they may be.

Therefore, effective mobile engagement platforms are required to achieve optimum results with SMS marketing.

With the necessary tools to help  enhance and improve interactions with customers, small businesses can fully embrace the power of mobile, ensuring personal and meaningful engagement every time.

Targetting is key

It is crucial that businesses ensure that they are speaking to the right target audience through the correct applications and platforms using accurate databases. This guarantees a well-received message and positive response.

The target audience is profiled, customised messages should be crafted taking such elements as language, style, interests, age and environment into consideration. This will result in relevant and familiar messages that resonate with the recipient. There are many cost effective platforms available on the market that handle the targetting, delivery and analysis of text messages, which also allow you to design and undertake SMS campaigns through web-based applications.

Lets put this into perspective through a local laundry service, which uses SMS to remind customers to collect their dry cleaning. This reminder service assists with cash flow by shortening the time that cleaned items spend on the rack. Likewise a video rental store that sends reminders when rented items are due to be returned, again helping to improve inventory turnover.

Looking at loyalty communications and promotions, some local restaurants send promotional messages for special events, in a very personal and warm tone that leaves one in no doubt that the proprietor wrote the message personally.  Non-profit organisations can also benefit from premium tariff SMS as a tool for fundraising.

Make it interactive

With the competitive growth of smartphone usage, SMS, combined with voice and email, give businesses the perfect opportunity to engage with their audience using multiple touch points. wooletThis can also be supported by offering the recipient the option to respond at no charge. A message accompanied by a picture, link or video heightens interest and engagement.

Perfect your timing

It is very important for any business to know when and how many messages to send to their customers. The mobile campaigns shouldn’t be an after-thought to a marketing campaign – they should be an integral part that are proactively created and scheduled. This gives the business control over the campaign and gives the customer a more or less idea of when to receive messages from the brand, which builds anticipation.

With a limited budget it’s important that small businesses avoid sending out messages unnecessarily or at the wrong time which may encourage opt outs.  Campaign calendars are a great tool to use in this regard as all messages and mobile target lists can be scheduled.

Remember Opt In and Out options

Whether the business thinks that their message is unique and appropriate, SMS marketing relies on recipients to opt in.  That means the target audience must first sign up to receive messages about deals and promotions before receiving them.

When a recipient opts in, it is certain that they are interested in the brand, the product offering or service. On the other hand, opt in also gives the business a clear view of who is interested or not interested. This saves time for the recipient and saves money for the business. Messages must have a clear and visible opt out and when a recipient opts out, they should not be bothered again.

Cell C offering users R10,000 to cancel Vodacom, MTN contracts

By Staff Writer

In a move to encourage mobile subscribers to ditch Vodacom and MTN, Cell C  is giving customers of its rivals up to R10, 000 to help them buy themselves out of their contract should they want to move to Cell C but still have an outstanding value to settle before they can cancel.

On Wednesday Cell C also reported a 44% rise in data traffic on it’s network , with data revenues up 59%  in the first quarter of 2014 versus the same period in 2014.

South Africa’s third mobile phone operator said that contract and TopUp customers can qualify for an amount of between R1, 000 and R10, 000, plus a new handset, if they sign up for one of the seven new Cell C’s EPIC plans.

“So many South Africans are feeling trapped in long-term contracts by their providers that ask for extortionary cancellation fees for early termination. Cell C’s Contract Buy-Out proposition releases customers from those fees by offering to help buy themselves out of their existing contracts,” says Cell C CEO Jose Dos Santos.

The new EPIC products, ranging from R69 per month through to the unlimited package at R999 per month, are all based on flexibility of value, allowing customers to decide whether to spend their contract value on voice, data or SMS. These new packages offer an average discount of 30% on the subscription fees. For Example, pay R129 per month and receive R200 value to use as you please on EPIC 200.

 “We understand that carriers must recoup costs for the handset when customers leave before a contract comes to an end, but charging any percentage of the remaining contract subscription as a termination fee is ludicrous. Some of our competitors are charging exorbitant amounts disguised as ‘reasonable early termination fees’ to customers who wish to end their contracts before the contract term,” says Dos Santos.

Cell C is also guaranteeing that customers signing up for the EPIC Contract packages will not be subject to any price increases for the duration of the contract.

Below is a table with the EPIC package SIM only details and contract buy-out values. EPIC deals will be available on a range of handsets for customers to choose from.

PACKAGE (Postpaid and Hybrid) EPIC 100 EPIC 150 EPIC 200 EPIC 350 EPIC 500 EPIC 650 EPIC 1000 EPIC INFINITY
MONTHLY SUBSCRIPTION (SIM only Fee) R 69 R 99 R 129 R 229 R 339 R 449 R 699 R 999
Buy-out Value Postpaid R 1 000 R 2 500 R 4 000 R 6 000 R10 000 R 10 000
Buy-out Value Hybrid R4 000 R6 000 R10 000 N/A
INCLUSIVE AIRTIME R 100 R 150 R 200 R 350 R 500 R 650 R 1 000 *Unlimited Calls, SMSs and 3GB Data

*Sign-up today and get 7GB additional data for 4 months.

Buy-Out promotion ends 30 September 2015.

Altron to restructure, sell some units & bring global equity partner

By Staff Writer

Allied Electronics Corporation (Altron) will announce an independent management structure later this year, the struggling technology group said on Wednesday.

The company, which is also in a process of selling subscriber base of its struggling Altech Autopage, said it is also exploring strategic equity and technology partnerships with global industry players in other areas of the business.

Altron, which reported a 50% decline in headline earnings per share to 94 cents in the year to end-February,  has also identified certain material non-core assets have been identified for disposal.

“Altron’s board has undertaken a fundamental review of the group’s business strategy. As part of this process, it has been decided that the company will commence transitioning from a family managed business to an independent management structure. The board will make further announcements in this regard in due course,” the company said.

“This has resulted in the development of a plan to focus the group in certain areas where the board believes the group has the resources, competence and skills to leverage a competitive advantage.”

The company’s revenue dropped by 1% to R22.1 billion from R22.3 billion in the prior year, while EBITDA declined by 19% from R1.55 billion to R1.25 billion. The EBITDA margin was 5.7% compared to the prior year’s 7.0%.

The South African-based company, which is valued at more than R3.6bn, also reiterated that it is well advanced in terms of exploring alternative opportunities for this business, without providing additional information.

During the financial year, a decision was taken to dispose of Altech Autopage’s GSM subscriber bases and consequently this business has been classified as a discontinued operation.

 

Altron shares dipped 3.7% on Autopage news

By Gugu Lourie

Shares in struggling technology firm Allied Electronics Corporation (Altron) fell 3.7% to R12.89 by 11am on Tuesday after the company said it was in advanced talks to sell the mobile subscribers of Altech Autopage.

The South African-based company, which is valued at more than R3.6bn, said on Tuesday that the decision to dispose of  Altech Autopage’s subscriber bases has been based on, among others, the impacts of the on-going Mobile Termination Rate reductions, as well as continued industry and consumer deflationary pressures.

“Accordingly this business has been classified as a discontinued operation for purposes of the company’s 2015 annual financial statements,” the company said on the JSE.

The stock has been under-performing on the Johannesburg bourse. Its shares lost 46% of its value in the past year, after dropping 26% in the past six months.

The announcement by Altron to sell Altech Autopage subscriber base comes after last months announcement that the performance of the Altech Node, which is owned by Altron’s TMT division, has not quite gone as planned on the market.

“Altron TMT is well advanced in terms of exploring alternative opportunities for this business,” Altron said late on Thursday without providing additional information,” Altron inform investors last month.

The demise of Altech Autopage will follow that of Nashua Mobile, which sold its subscriber base to MTN and Vodacom.

 

Why Naspers Koos Bekker forfeited his salary?

Naspers chair Koos Bekker said his decision to work without a salary when he was CEO helped him focus on building the value of the company, but he wouldn’t recommend it to everyone.

In an interview with Fin24 at his Naspers office in Cape Town, Bekker said that not taking a salary during his 17 years as CEO was a gamble that, after a shaky start, eventually worked out for him.

“I don’t recommend it to everyone, because it’s high risk,” said Bekker, who started his new role as chair in April.

Controversial decision

Bekker’s decision was quite controversial at the time. He agreed to a deal in terms of which he received no salary, bonus or pension, and could be fired at 24 hours notice with no compensation.  In return, he got generous options at the market price of Naspers shares.

“During the first five-year term, I worked as hard as I could. But the internet bubble burst in 2000 and the market collapsed. So after five years, I earned zero cash and my options were worthless.”

Bekker could survive, because a decade earlier he was a founder of MTN and made substantial profits on that.

In the following decade, Naspers saw remarkable growth mainly as a result of its global internet acquisitions.

His options paid off handsomely.

Aligning your interests

Has anyone followed this model?  A few executives did in the US; however, as far as known, no South Africans have followed, including in the Naspers group. Why not?

“From a personal point of view the risk is high. Unless you’ve made some money early in life that can tide you over if things go wrong, you can actually land up in financial difficulties,” he explained.

“The positive side is that it aligns your interests to that of the company and you tend to think like a co-owner,” he said.

“So when you’re sitting in the bath you remind yourself: ‘it doesn’t matter what the share price is tomorrow evening, but it does matter a great deal what it’s at five years hence.  When there’s no fall-back and no parachute … A gun to the head concentrates the mind admirably.”

Bekker’s new role as chair

Bekker won’t be drawn on Naspers’s recent performance.

“In business, one should never take anything for granted. Your fortune can change in five minutes. Naspers will continue to invest in emerging markets, to try new technologies, to seek out the next generation of young entrepreneurs with ambitions that we can back.”

Bekker said that the roles of CEO and chair differed completely.

“The CEO is the captain of the ship, he makes the executive decisions fast and with enough authority to sail the ship,” he said. “A non-executive chairman is more … a strategic figure in the background.”

“So [Naspers CEO] Bob van Dijk is running the company and I think so far he’s done pretty well,” Bekker said. –Fin24

Email TechFinancials.co.za at editor@techfinancials.co.za

Ricoh’s multifunction devices monitor connect to the cloud

Technology firm Ricoh has released its new 3054SP/3554SP series of A3 black-and-white multifunction devices, for medium to large offices, that support intelligent document functionality. By Staff Writer

“These devices go beyond standard printing, copying, scanning and faxing to help businesses be ready for the future. They can be used as an information portal into the document environment and can connect directly to cloud services from the operation panel,” says Esti Kilian, national head of marketing services at Ricoh SA.

“They allow people to monitor user activity, energy consumption and operating costs and they can form part of Ricoh’s Managed Document Services  (MDS) approach to reduce costs.”

Feature performance improves over similar equipment in the Ricoh range to better resolutions, double in some instances, and the number of pages printed per minute increases by more than 40%, laser scanning technology is improved and the devices have larger finishing capacities.

The new devices range in speed from 30 to 60ppm, they print and copy in black and white, scan in full colour, and offer fax as an option. The optional smart operation panel is 10.1 inches and is touch and swipe operated and emulates tablet operability. Users can customise the interface with simple drag and drop functionality to give them one-touch access to regular tasks.

The devices wake up from sleep in only five seconds. They scan up to 80 colour or black and white images per minute and have a 100-sheet feeder. A single-pass duplex feeder option holds 220 sheets and scans 180 images per minute.

Advanced user authentication helps prevent unauthorised access to documents. Documents are stored at the device until an unauthorised ID card is swiped or a passcode is entered at the device. Encrypted PDF transmission scrambles data on confidential PDFs for additional protection.

Additional paper trays can supplement the standard twin 550-sheet paper trays to increase paper capacity up to 4 700 sheets for uninterrupted runs. Several finishers are available, including the 250-sheet internal staple-free finisher, which received the BLI award for Outstanding Achievement in Innovation. It binds up to five sheets of paper without staples to lower supply costs and make paper recycling easier.

Ricoh is committed to a sustainable future and one of the ways it achieves this aim is to reduce device energy consumption. These devices use as little as 0.49W in sleep mode and 54.6W in ready mode. That cuts energy costs and therefore environmental impact.

Exodus from JSE technology index continues

By Gugu Lourie

The decision by Gijima, a leading South African software and computer services group, to voluntarily delist from the bourse places the JSE technology index under the spotlight.

Gijima’s delisting leaves only nine stocks on the technology index, which is made up of software and computer services as well as technology hardware and equipment shares.

The technology index could be further depleted if Business Connexion (BCX) is bought by Telkom – a development that would see South Africa’s fastest-growing technology firm removed from the JSE. The R2.7bn deal, first announced nearly a year ago, awaits approval from SA’s competition watchdog.

The transaction is likely to be finalised this year after which Telkom has indicated it will reverse integrate Cybernest into BCX – creating a formidable unlisted standalone technology business.

Last month, technology firm ConvergeNet exited the technology index and remodelled itself as an investment company under the new name Stellar Capital Partners.

Despite the exodus, the technology index, which has created value for investors, has risen 116.6% in the past three years – and 29.9% in the past six months.

At its peak in April 2007, the technology index had 18 listed companies.

Over the years, however, the technology index lost big software and computer services firms including Dimension Data (Didata), which was bought by Japan’s Nippon Telegraph and Telephone (NTT) Corp. In November 2010, Didata ended its 23-year listing history on the JSE.

Other firms left the technology index because they went private or were gobbled up by larger companies. They include Altech, Bytes Technology Group, ERP.COM, Faritec, Infowave, Paracon, Spescom, SquareOne and UCS.

The exodus tells a worrying story of stocks vanishing from the technology index and the JSE.

But not all is well for firms that left the technology index.

For example, Allied Electronics Corporation Limited (Altron), which delisted Altech and the Bytes Technology Group, is not doing well.

Altron, which was founded by Bill Venter in 1965, is in trouble and things are getting worse. The technology firm expects its normalised headline earnings per share to be 55% lower than a year ago. While basic earnings per share – which include various significant impairments – could be as much as 110% lower.

That said, there are still gems on the JSE’s technology index that could offer good returns.

One such gem, Adapt IT, a software and computer services group, listed on the JSE in 1998. So far Adapt IT has delivered good returns for investors as its share prices continues to spike – the stock has risen 24.1% in the past 90 days and seems positioned for more growth through organic growth and acquisitions.

Another firm on the technology index, Datacentrix, is also providing investors with good returns. The company’s shares have risen 22.9% in the past 90 days, and EOH has jumped 42.3% over the same period.

The technology index’s biggest stock Datatec has gone up 10.65% in the past 90 days.

These stars are proof that even when listing remains moribund on the technology index, investors still have quality companies to build a healthy stock portfolio.

End of an era for Gijima

On 4 May, Gijima shares were suspended on the JSE. The technology company will delist from the bourse on 12 May – after 15 years as a listed entity.

However, the technology firm will continue to do business as a private, unlisted business.

Although Gijima’s removal from the JSE will make hardly any difference to the total traded value
of the local bourse, it will somewhat limit investment options in the technology index.

Gijima gained popularity in the stock market by rescuing a technically insolvent AST in 2005.

Robert Gumede, founder of Guma and executive chairman of Gijima
Robert Gumede, founder of Guma and executive chairman of Gijima

It is owned by Robert Gumede, who shot to prominence the same year after he bought 37% of AST.

The company changed its name to GijimaAST.

The company, which is led by its CEO Eileen Wilton, is being delisted to focus on executing its turnaround strategy away from the scrutiny of the market.

In October 2014, the company reported a reduction in net losses for the year to end June to R152m down from last year’s R293m loss.

The firm has already raised R100m through a rights offer underwritten by Gumede’s Guma group of companies.

Explaining the move, Gijima said in a statement: “Given the small remaining free float and the current status of the company’s turnaround which is ongoing, Guma believes it is in the best interest of the company to be held 100% by the Guma entities and to delist, thereby enabling it
to complete the turnaround in an unlisted environment.”

That said, the market will be hoping that Gijima returns to the JSE as a revitalised company and having fulfilled its vision to grow into the rest of Africa, and offering investors more value.

There is a glimmer of hope that maybe SA’s biggest technology firm Didata could also make a comeback on the JSE in the future.