Browsing: Liesl Tweedie

Gijima posted a huge, R210,8m loss for its 2013 financial year to June, but management promises its turnaround efforts are starting to bear fruit and says this view is supported through investments from key shareholders. Chairman Robert Gumede says he has put R75m

Gijima’s management team is “confident” it has taken the “correct strategic decisions” to get the company “back on track”, despite reporting a massive R210,8m loss in the financial year ended 30 June 2013, from a much smaller loss of R50,6m in 2012

Financially troubled IT services group Gijima has lost its long-serving chief financial officer, Carlos Ferreira, who is stepping down after eight years in the role. The move comes just two months after Gijima shareholders approved a rights offer, meant to raise R150m in order to meet its “funding