{"id":3071,"date":"2008-03-04T23:02:00","date_gmt":"2008-03-04T21:02:00","guid":{"rendered":""},"modified":"2008-03-04T23:02:00","modified_gmt":"2008-03-04T21:02:00","slug":"itweb-gets-bee-partner","status":"publish","type":"post","link":"https:\/\/mybroadband.co.za\/news\/internet\/3071-itweb-gets-bee-partner.html","title":{"rendered":"ITWeb gets BEE partner"},"content":{"rendered":"<p><a href=\"http:\/\/www.fmtech.co.za\/media\/sexwale-buys-into-itweb\/\" target=\"_blank\">FMTech reported<\/a> that ITWeb &#8211; the technology media house known for the online publications ITWeb and MyDigitallife and print publications Brainstorm and iWeek &ndash; has sold a 25.1% stake to Ummango Investment Holdings.<\/p>\n<p>Ummango Investment Holdings is a woman&rsquo;s empowerment consortium backed by Tokyo Sexwale&rsquo;s Mvelaphanda (Mvela).<\/p>\n<p>Mvela also recently concluded a deal with Moneyweb and Vox Telecom, expanding their shareholding in the technology and media space.<\/p>\n<p>Mvela Holdings CEO Mark Willcox is quoted by FMTech as saying that this latest move is in line with its strategy to invest in niche players who dominate their market. &ldquo;ITWeb leads its market and has a long history of consistently growing revenues and profits&rdquo;.<\/p>\n<p>&ldquo;We are acquiring significant empowerment credentials and a long-term, supportive empowerment shareholder, committed to growing the business,&rdquo; ITWeb CEO Jovan Regasek said in a statement. <\/p>\n<p>&ldquo;Our empowerment partners are on a mission of redefining the local media space. We feel that we should play a meaningful role in the process and we are happy to be part of the action.&rdquo;<\/p>\n<p><a href=\"http:\/\/mybroadband.co.za\/vb\/showthread.php?t=108443\">Comments<\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ITWeb has strengthened its BEE status by selling a 25.1% stake to Ummango Investment Holdings.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_facebook_post_id":"","_sma_instagram_post_id":"","_sma_threads_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[18],"tags":[],"class_list":["post-3071","post","type-post","status-publish","format-standard","hentry","category-internet"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/3071"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=3071"}],"version-history":[{"count":0,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/3071\/revisions"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=3071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=3071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=3071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}