{"id":5713,"date":"2007-02-21T06:30:52","date_gmt":"2007-02-21T06:30:52","guid":{"rendered":"http:\/\/localhost:8888\/wordpress\/technology\/5713-secure-connexion.html"},"modified":"2007-02-21T06:30:52","modified_gmt":"2007-02-21T06:30:52","slug":"secure-connexion","status":"publish","type":"post","link":"https:\/\/mybroadband.co.za\/news\/technology\/5713-secure-connexion.html","title":{"rendered":"Secure Connexion"},"content":{"rendered":"

A major software overhaul to instal SAP\u2019s enterprise resource planning software took up more time and money than expected, as SAP projects are wont to do. The work had been put off for at least three years, Watt says, but could not be delayed any longer. <\/font><\/p>\n

At the same time the company completed two data centres costing R150m, which are hosting the software applications and data generated by some of its major customers. Its investment in bigger and better data centre facilities was timely, as more companies opt to outsource their technology services to a specialist third party. <\/font><\/p>\n

It was also great timing to conduct those two major expenses while Telkom\u2019s proposed take over of Business Connexion was firming up. It actually doesn\u2019t matter that it has posted poor results, as the terms of the acquisition give Telkom no leeway to lower its bid price or walk away. <\/font><\/p>\n

That means shareholders are guaranteed R9,25 a share if the Competition Tribunal approves the deal. So it was wise to do the work that needed doing now \u2014 even if the resulting figures disappoint its investors \u2014 since the value of their shares will not diminish unless the tribunal vetoes the deal. <\/font><\/p>\n

That, of course, is a very real possibility, so Business Connexion is making sure its building blocks are all in place. With such major expenses now behind it, better results should be generated for its future, whether that involves Telkom or not. <\/font><\/p>\n

Comments<\/a><\/font><\/p>\n

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TECHNOLOGY company Business Connexion has emerged from a very heavy period of capital expenditure that has dragged down its profitability. CEO Peter Watt says the investments were essential to prepare for future growth and to help it fulfil the demands of increasingly strict corporate governance.<\/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-5713","post","type-post","status-publish","format-standard","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/5713"}],"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=5713"}],"version-history":[{"count":0,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/5713\/revisions"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=5713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=5713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=5713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}