Dimension Data was one of South Africa’s great business stories. It’s a terrible shame how its history is concluding.
Browsing: Saki Missaikos
Former NTT CEO Jason Goodall has admitted secretly taking part in the 2019 sale of The Campus and will pay NTT R208.6-million.
Four former executives named by Jason Goodall say his confession was dictated by NTT’s settlement terms.
Sonja De Bruyn has lashed out at former Dimension Data executives over an allegation that her company misappropriated R5-million related to the sale of The Campus.
The high court has found that former Dimension Data executives’ scheme to sell The Campus was “brazen and dishonest” – and now NTT wants them to pay up and be declared delinquent directors.
Dimension Data has filed papers against several former top executives, including Jeremy Ord, over the transaction involving the sale of its head office in 2019.
Dimension Data executive chairman Jeremy Ord has stepped down from the technology group he co-founded, while a string of other top executives, including co-founder Bruce “Doc” Watson, have also left.
Dimension Data and its parent, Nippon Telegraph and Telephone Corp, are poised to announce a major restructuring as early as next week, according to sources who claim to have knowledge of the situation.
Internet Solutions has begun a retrenchment programme and may lay off as many as 200 staffers, TechCentral has learnt from two separate sources with knowledge of the developments.
Between 1999 and 2004, Telkom’s monopoly of access to crucial international bandwidth and high-speed ADSL lines meant the company could freely charge Internet service providers excessive fees. And they did. Inevitably, this