Browsing: Gijima

If you’d invested R40 000 in the shares of Durban-based technology company Adapt IT five years ago, you’d be a millionaire today. Adapt IT’s shares have risen by a spectacular 2 400% in the past five years, making it the best performing technology counter on the JSE

Long-troubled technology group Gijima looks set to delist from the JSE after chairman Robert Gumede’s Yebo Guma Investments made an offer on Tuesday evening to buy out the remaining minority shareholders. Guma has

One has to wonder if Eileen Wilton, the eminently likeable CEO of Gijima, rues the day she joined the company as chief operating officer in June 2012. Within months of her taking on the role, Gijima’s then-CEO, Jonas Bogoshi

Gijima’s share price plunged by 36% on Monday, reaching a new record low of 9c/share, as investors fret about the struggling technology services company’s ability to survive. The share has come under considerable pressure in recent weeks as it gears up for a second rights offer in as many years. A rights offer is a way

Financially distressed technology services company Gijima has appointed Bill Hoggarth, who was named as its chief sales officer in May, to its board of directors. Gijima, which is currently seeking to raise R100m from shareholders through a new rights offer, says Hoggarth’s appointment as an executive

The Competition Commission has recommended the approval of MTN’s acquisition of a majority stake in Afrihost. It won’t impose any conditions on its support of the deal, it said on Wednesday. TechCentral reported in early June that the

Freeman Nomvalo, the CEO of the State IT Agency (Sita), has promised that a turnaround strategy he is leading will transform the organisation for the better, but it could take as many as four years for the project to be completed fully. He told journalists

Technology group Gijima is facing a difficult and uncertain future after it warned on Tuesday that it had failed to comply with financial covenants related to borrowings of R213m and auditor KPMG warned of “the existence of a material uncertainty which may

Troubled IT firm Gijima has secured the services of one of South Africa’s top technology businessmen, Maphum Nxumalo, who will join the JSE-listed company as chief operating officer on 1 July. Nxumalo, a former chief operating officer of SAP Africa, has also been named to Gijima’s board as an executive director

Gijima has moved to fill its crucial sales leadership function, naming IT industry veteran Bill Hoggarth as its new chief sales officer, effective immediately. According to Gijima, Hoggarth has more than 30 years of executive, general management and sales experience in the IT sector. He joins the company, which has had a torrid time