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

      Public money, private plans: MPs demand Post Office transparency

      13 June 2025

      Coal to cash: South Africa gets major boost for energy shift

      13 June 2025

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

      13 June 2025

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

      13 June 2025

      10 red flags for Apple investors

      13 June 2025
    • World

      Yahoo tries to make its mail service relevant again

      13 June 2025

      Qualcomm shows off new chip for AI smart glasses

      11 June 2025

      Trump tariffs to dim 2025 smartphone shipments

      4 June 2025

      Shrimp Jesus and the AI ad invasion

      4 June 2025

      Apple slams EU rules as ‘flawed and costly’ in major legal pushback

      2 June 2025
    • In-depth

      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

      South Africa unveils big state digital reform programme

      12 May 2025

      Is this the end of Google Search as we know it?

      12 May 2025
    • TCS

      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

      TCS | Sentiv, and the story behind the buyout of Altron Nexus

      3 June 2025

      TCS | Signal restored: Unpacking the Blue Label and Cell C turnaround

      28 May 2025
    • Opinion

      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

      Digital giants boost South African news media – and get blamed for it

      29 May 2025

      Solar panic? The truth about SSEG, fines and municipal rules

      14 April 2025

      Data protection must be crypto industry’s top priority

      9 April 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
      • 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 » Gary Morolo leaves Datacentrix

    Gary Morolo leaves Datacentrix

    By Duncan McLeod8 November 2013
    Twitter LinkedIn Facebook WhatsApp Email Telegram Copy Link
    News Alerts
    WhatsApp
    Gary Morolo
    Gary Morolo

    Long-serving Datacentrix director Gary Morolo is stepping down as chairman and board member of the JSE-listed technology services company “with immediate effect”.

    Morolo, who joined Datacentrix 15 years ago and who served as its CEO, is leaving following news at the end of last month that the Competition Tribunal had approved what it described as a hostile bid by Pinnacle, another JSE-listed technology company, to acquire a controlling interest in Datacentrix, subject to conditions.

    According to the tribunal, Pinnacle acquired 34,9% of the total voting shares in Datacentrix, giving its “material influence over shareholders’ votes and therefore control” of the company. The takeover was hostile as the offer by Pinnacle had not been recommended by Datacentrix’s board to shareholders.

    Pinnacle first announced in September that it was buying Datacentrix shares in a move designed to allow it to move into the technology services business more aggressively.

    Datacentrix confirmed on Friday that Morolo is standing down immediately as its nonexecutive chairman and as a director.

    “Following recent changes in the shareholding structure of the company with the introduction of a new significant shareholder, Mr Morolo wishes to make way for new leadership to be put in place by the board,” it said in a tersely worded statement.

    “The board wishes to express its sincere gratitude to Mr Morolo for his services and leadership to the board since his appointment in August 1998, and wishes him well going forward.”

    Pete Backwell, the lead independent nonexecutive director, will assume the role of interim chairman until a full-time replacement has been named.

    Datacentrix was trading 2,9% higher in morning trade on the JSE, although on thin volumes.   — (c) 2013 NewsCentral Media

    • Image: Ernst & Young


    competition tribunal Datacentrix Gary Morolo Pete Backwell Pinnacle
    Subscribe to TechCentral Subscribe to TechCentral
    Share. Facebook Twitter LinkedIn WhatsApp Telegram Email Copy Link
    Previous ArticleWhere would AT&T deal leave Vodacom?
    Next Article Vodacom takes aim at WhatsApp

    Related Posts

    MultiChoice sale to Canal+ clears major hurdle

    21 May 2025

    Khudusela Pitje: SA regulators failed black entrepreneurs in fibre sector

    23 April 2025

    Vodacom fibre deal is ‘anti-competitive and irreversible’: tribunal

    28 March 2025
    Company News

    Huawei Watch Fit 4 Series: smarter sensors, sharper design, stronger performance

    13 June 2025

    Change Logic and BankservAfrica set new benchmark with PayShap roll-out

    13 June 2025

    SAPHILA 2025 – transcending with purpose, connection and AI-powered vision

    13 June 2025
    Opinion

    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

    Digital giants boost South African news media – and get blamed for it

    29 May 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.