{"id":552187,"date":"2007-05-03T07:54:39","date_gmt":"2007-05-03T07:54:39","guid":{"rendered":"http:\/\/localhost:8888\/wordpress\/technology\/552187-big-names-net-big.html"},"modified":"2007-05-03T07:54:39","modified_gmt":"2007-05-03T07:54:39","slug":"big-names-net-big","status":"publish","type":"post","link":"https:\/\/mybroadband.co.za\/news\/technology\/552187-big-names-net-big.html","title":{"rendered":"Big names net big"},"content":{"rendered":"<p><font size=\"2\">Last year, Didata placed two small units into a new company called Britehouse. Ngcaba bought 15% of the new operation through his investment company. He did not say who else was in his consortium, but was negotiating to bring in black women and young people. <\/font><\/p>\n<p><font size=\"2\">Siemens Southern Africa became 30% black-owned by selling more shares to two existing investors, Linacre Investments, and Business Venture Investments. CEO Sigi Proebstl said: \u201cEmpowerment is all about how our strategic partners are able to add business and financial value and contribute to our overall objectives.\u201d <\/font><\/p>\n<p><font size=\"2\">Datatec merged part of its South African operations with African Legend Technologies, holding 55% in the new entity with African Legend Technologies holding 45%. Datatec CEO Jens Montanana said uniting with an active black IT firm to create a larger operation with more skills and customers was more effective than selling shares in its existing business. <\/font><\/p>\n<p><font size=\"2\">US networking giant Cisco appointed businessman Dudu Kunene to form a board of economically, socially and politically well-connected people to advise it on empowerment. Cisco has set up two new companies that will be 25% black-owned, although no investors have been named yet. <\/font><\/p>\n<p><font size=\"2\">DataPro sold a 20% stake to Lereko Metier Capital Growth Fund for R120m. Lereko Metier is led by former environment minister Valli Moosa, former North West premier Popo Molefe, and Lulu Gwagwa, a former deputy director-general in the public works department. <\/font><\/p>\n<p><a href=\"http:\/\/mybroadband.co.za\/vb\/showthread.php?t=74488\">Comments<\/a><\/p>\n<p \/>\n","protected":false},"excerpt":{"rendered":"<p>DIMENSION Data sold 25% of its South African subsidiary for R380m to investors led by former communications department director-general Andile Ngcaba. His personal stake was worth R150m, and was only slightly smaller than the 10,2% split between Didata\u2019s staff and various empowerment groups.<\/p>\n","protected":false},"author":23,"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":[17],"tags":[],"class_list":["post-552187","post","type-post","status-publish","format-standard","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/552187"}],"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\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=552187"}],"version-history":[{"count":0,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/552187\/revisions"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=552187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=552187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=552187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}