Lightedge in LIQUIDATION

J

Jacques

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And that is why the top tier company's can't deliver a service...or maintain anything. They apply BEE like bafoons onto their suppliers...

So it might actually turn out that a quality supplier [which is probably the case in general] are shut out in favor of a BEE-compliant one which are unreliable and lower quality. And then the supplier is doing it ALSO, all down the supply-chain......and we have a big snowball effect of bad quality and decisions rolling up to the top. Then people wonder why things are so crap with big enterprise size companies....
 
BEE snuffs out Lightedge

Looks like Lightedge has gone belly up!

http://www.itweb.co.za/sections/financial/2008/0802141052.asp?A=BSR&S=BestRead&O=FPMR

BY PAUL VECCHIATTO , ITWEB CAPE TOWN CORRESPONDENT
[ Johannesburg, 14 February 2008 ] - Lightedge Technologies director David Musikanth blames the company's failure on its inability to score sufficiently well on broad-based black economic empowerment (BBBEE) criteria as a major contributing factor.

Yesterday, the Cape High Court placed the Cape Town-based technology distributor in liquidation, following an application by one of its suppliers for non-payment. This is an especially hard blow for the 15-year-old company, its 250 staff located in various offices around the country, and its BEE partners Red Magic, as – until two years ago – the business was on the up.
Click to expand...
 
If i've been using lightedge as a supplier should I rather switch to rectron now? (Cape Town area)

Asking on behalf of someone who uses lightedge.
 
Interesting BEE twist here. Did the Tshwane metro stick to their guns when they said a little while ago that they will not allow any white businesses to tender for amounts lower than R30 000? I know the Tshwane example doesn't completely relate to the LightEdge story, but surely smaller companies would have been buying from them, not so?


The truth will come out in time I guess.
 
antowan said:
Interesting BEE twist here. Did the Tshwane metro stick to their guns when they said a little while ago that they will not allow any white businesses to tender for amounts lower than R30 000? I know the Tshwane example doesn't completely relate to the LightEdge story, but surely smaller companies would have been buying from them, not so?


The truth will come out in time I guess.
Click to expand...

If there were other Disti's that were suffering the same fate then I be inclined to feel sorry for LightEdge, however they paid the price for being complaicent. And I don't buy the story of "we were looking for the right partner", for FOUR years? And it's not as though they are a complex multi-billion rand operation. If they had such a struggle, why not have an employee share scheme, it worked for Axiz.
 
I say we begin massive protests against BEE, this is flippin' ridiculous. Its killing peoples jobs and that's where it hurts most.

I'm sure the janitor couldn't give a flying fsck whether the company was BEE compliant or not - however, as a result, he has lost his job. Well done New South Africa, you just destroyed the life of one of your citizens, one who struggled to put food on the table under Apartheid and now can't put any food on the table at all thanks to your "Black Broederbond" policy!
 
timgaul said:
I say we begin massive protests against BEE, this is flippin' ridiculous. Its killing peoples jobs and that's where it hurts most.

I'm sure the janitor couldn't give a flying fsck whether the company was BEE compliant or not - however, as a result, he has lost his job. Well done New South Africa, you just destroyed the life of one of your citizens, one who struggled to put food on the table under Apartheid and now can't put any food on the table at all thanks to your "Black Broederbond" policy!
Click to expand...

The new south african government want the country and all major businesses run by BEE so they can have all the money and power.
It wont ever stop.
I believe its a good thing in a way, but when it comes to the system getting so greedy that even when people comply to the new rules, they still get burnt, its not doing anyone any good.
This country has a great economical foundation, built by our forefathers, yes, the political issue was not favourable.

So where do we go from here? Sadly it looks downhill, because the new government can make promises and be politically correct, but if you cant do the job, you cant do the job.

Power crisis, political scandals, economical crisis, and soon water shortage. It doesnt look good.

my 2c worth.
 
Ya... Tokyo Sexwale already owns a chunk of Sahara..

Good way to guarantee govt's business..
 
One has to wonder how the Asian owned computer suppliers/distributors are managing.
 
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