Browsing: Robert Gumede

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

Attention is turning to troubled IT services company Gijima as it prepares to report its results to the year ended 30 June 2013 in the next few weeks. Investors will be looking for signs that the company, which is without a permanent CEO or chief financial officer, has begun to be stabilised following the recent

Gijima nonexecutive director Andrew Mthembu has resigned from the board of the troubled JSE-listed technology services company after nine years as a director. Mthembu was Gijima’s lead independent director and chairman of the remuneration committee. The resignation is with immediate

Troubled IT company Gijima’s share price tumbled to as low as 7c on 2 April following an unexpected R123m loss as well as a proposed rights offer for a R150m cash injection. The loss is the most recent in a string of challenges faced by the company, which appeared to begin in 2010 with the cancellation of a R2,1bn contract with the home affairs department

It’s not going to be a good Easter weekend for the thousands employees of JSE-listed services group Gijima, which announced shortly before markets closed on Thursday that it was embarking on a rights offer in an effort to avert financial disaster. The company, which is chaired

It’s been a good year for most technology stocks listed on the JSE. One notable exception is Gijima, whose share price has tumbled by more than two-thirds in the past 12 months as investors fret about the company’s future. It’s lost nearly half its value since it published its annual results in

Gijima has appointed Eileen Wilton as its interim CEO. This comes after Jonas Bogoshi announced he would step down at the end of the year. Wilton will work alongside Bogoshi until the end of December. Bogoshi has led the company for the past five years. He announced his intention

Jonas Bogoshi, CEO of JSE-listed technology group Gijima, will step down at the end of the year after five years in the job. In a statement to shareholders, the group’s board says there will be a formal handover period of three months to a new CEO. It has

IT mogul Robert Gumede was awarded R53m in damages and costs by a UK court against his former business partner John Sterenborg, it was reported on Monday. The UK ruling reinforced an order by the high court in Johannesburg in favour of Gumede in 2006, Business Day reported. “I was labelled as a corrupt

Public Protector Thuli Madonsela will probe the “flawed” R2,4bn IT tender, “Who Am I Online?”, awarded to technology group Gijima. The contract was awarded in 2007 and later cancelled after costs ballooned. According to City Press newspaper, Madonsela will investigate whether Gijima CEO Jonas Bogoshi