Close Menu
TechCentralTechCentral

    Subscribe to the newsletter

    Get the best South African technology news and analysis delivered to your e-mail inbox every morning.

    Facebook X (Twitter) YouTube LinkedIn
    WhatsApp Facebook X (Twitter) LinkedIn YouTube
    TechCentralTechCentral
    • News

      World Bank set to back South Africa’s big energy grid roll-out

      20 June 2025

      The algorithm will sing now: why musicians should be worried about AI

      20 June 2025

      Sita hits back at critics, promises faster, automated procurement

      20 June 2025

      The transatlantic race to create the first television

      20 June 2025

      Listed: All the MVNOs in South Africa – 2025 edition

      19 June 2025
    • World

      Watch | Starship rocket explodes in setback to Musk’s Mars mission

      19 June 2025

      Trump Mobile dials into politics, profit and patriarchy

      17 June 2025

      Samsung plots health data hub to link users and doctors in real time

      17 June 2025

      Beijing’s chip champions blacklisted by Taiwan

      16 June 2025

      China is behind in AI chips – but for how much longer?

      13 June 2025
    • In-depth

      Meta bets $72-billion on AI – and investors love it

      17 June 2025

      MultiChoice may unbundle SuperSport from DStv

      12 June 2025

      Grok promised bias-free chat. Then came the edits

      2 June 2025

      Digital fortress: We go inside JB5, Teraco’s giant new AI-ready data centre

      30 May 2025

      Sam Altman and Jony Ive’s big bet to out-Apple Apple

      22 May 2025
    • TCS

      TCS+ | AfriGIS’s Helen Hulett on how tech can help resolve South Africa’s water crisis

      18 June 2025

      TechCentral Nexus S0E2: South Africa’s digital battlefield

      16 June 2025

      TechCentral Nexus S0E1: Starlink, BEE and a new leader at Vodacom

      8 June 2025

      TCS+ | The future of mobile money, with MTN’s Kagiso Mothibi

      6 June 2025

      TCS+ | AI is more than hype: Workday execs unpack real human impact

      4 June 2025
    • Opinion

      South Africa pioneered drone laws a decade ago – now it must catch up

      17 June 2025

      AI and the future of ICT distribution

      16 June 2025

      Singapore soared – why can’t we? Lessons South Africa refuses to learn

      13 June 2025

      Beyond the box: why IT distribution depends on real partnerships

      2 June 2025

      South Africa’s next crisis? Being offline in an AI-driven world

      2 June 2025
    • Company Hubs
      • Africa Data Centres
      • AfriGIS
      • Altron Digital Business
      • Altron Document Solutions
      • Altron Group
      • Arctic Wolf
      • AvertITD
      • Braintree
      • CallMiner
      • CYBER1 Solutions
      • Digicloud Africa
      • Digimune
      • Domains.co.za
      • ESET
      • Euphoria Telecom
      • Incredible Business
      • iONLINE
      • Iris Network Systems
      • LSD Open
      • NEC XON
      • Network Platforms
      • Next DLP
      • Ovations
      • Paracon
      • Paratus
      • Q-KON
      • SevenC
      • SkyWire
      • Solid8 Technologies
      • Telit Cinterion
      • Tenable
      • Vertiv
      • Videri Digital
      • Wipro
      • Workday
    • Sections
      • AI and machine learning
      • Banking
      • Broadcasting and Media
      • Cloud services
      • Contact centres and CX
      • Cryptocurrencies
      • Education and skills
      • Electronics and hardware
      • Energy and sustainability
      • Enterprise software
      • Fintech
      • Information security
      • Internet and connectivity
      • Internet of Things
      • Investment
      • IT services
      • Lifestyle
      • Motoring
      • Public sector
      • Retail and e-commerce
      • Science
      • SMEs and start-ups
      • Social media
      • Talent and leadership
      • Telecoms
    • Events
    • Advertise
    TechCentralTechCentral
    Home » News » Dimension Data to announce new BEE deal

    Dimension Data to announce new BEE deal

    By Duncan McLeod27 July 2017
    Twitter LinkedIn Facebook WhatsApp Email Telegram Copy Link
    News Alerts
    WhatsApp
    Grant Bodley

    Dimension Data will announce a new black economic empowerment deal by no later than the end of October, the group’s Middle East and Africa CEO, Grant Bodley, told TechCentral on Thursday.

    The new transaction, which will involve its South African operation only rather than the broader region, comes after Convergence Partners, the investment vehicle controlled by now former Dimension Data Middle East and Africa chairman Andile Ngcaba, sold its stake in the business for an undisclosed sum.

    Ngcaba led a broad-based black economic empowerment consortium that acquired 25% of Dimension Data Middle East and Africa in September 2004. The contractual investment term with Dimension Data ended in September 2016 and Convergence Partners negotiated a “consensual exit to the investment” with the IT company.

    We had a really good relationship with Convergence Partners. If you consider the current state of some schemes, we are very proud of the relationship

    Bodley said Dimension Data will create a new company to facilitate the new BEE deal, which will be announced as soon as discussions are concluded.

    He said it’s too early to say how much of the local operation Dimension Data, which is owned by Japanese telecommunications giant NTT, will sell to black investors. “We have a number of options on the table at the moment.”

    The group is considering an employee option scheme for its South African business, too, and this may form part of the new transaction.

    He said the new deal must be concluded by the end of October, otherwise its BEE rating – currently at level 2 – will fall.

    “We had a really good relationship with Convergence Partners,” Bodley added. “If you consider the current state of some schemes, we are very proud of the relationship. And we made a number of joint investments in companies like FibreCo.”

    He said Dimension Data has been working on a new empowerment transaction for the past year. “This is not an overnight thing. We have had teams of people working on this for the past 12 months to make sure we remain relevant in the South African market.”  — © 2017 NewsCentral Media



    Andile Ngcaba Convergence Partners Dimension Data Grant Bodley NTT top
    Subscribe to TechCentral Subscribe to TechCentral
    Share. Facebook Twitter LinkedIn WhatsApp Telegram Email Copy Link
    Previous ArticleAnoj Singh suspended as Eskom CFO
    Next Article For Amazon, being number one has a price

    Related Posts

    Former Dimension Data boss joins iOCO board

    20 March 2025

    NTT Data appoints new managing executive for South Africa

    3 March 2025

    Former Dimension Data executives granted leave to appeal in Campus saga

    29 January 2025
    Company News

    Making IT happen: how Trade Link gears up to enable SA retail strategies

    20 June 2025

    Why parents choose CambriLearn for online education

    19 June 2025

    Disrupt first, ask questions later – the uncomfortable truth about incident response

    18 June 2025
    Opinion

    South Africa pioneered drone laws a decade ago – now it must catch up

    17 June 2025

    AI and the future of ICT distribution

    16 June 2025

    Singapore soared – why can’t we? Lessons South Africa refuses to learn

    13 June 2025

    Subscribe to Updates

    Get the best South African technology news and analysis delivered to your e-mail inbox every morning.

    © 2009 - 2025 NewsCentral Media

    Type above and press Enter to search. Press Esc to cancel.