Author: amavajni

[Johannesburg, 29 July 2008] - dns telecom, a converged telecommunications solutions company, today announced that Amava Holdings had taken a 30% stake in the company. “Amava Holdings is a 100% black-owned and black-managed entity,” commented Vaughn Humphrey, MD of dns telecom. “The group is not just an investment company but one that is actively involved within the ICT industry and thus brings significant value-add to our business, as well as influencing our BEE profile.” “dns telecom is one of our key strategic assets,” added Puventhiren Ramasamy, MD of the Amava Group. “It complements our the strategic interests in have in BCSNet, Fujitsu Siemens Computer Services and Peopletree Holdings; as well as our direct ICT interests, namely, Amava Information Technologies, HR Focus, SA-ICT Ventures and Magnum Simplex International.” Amava Holdings is…

First Multinational Tier One Vendor to Conclude: Empowerment deal at equity level Enterprise development deal with young entrepreneurs. Deal show commitment to South Africa by Europe-based multinational vendor. Fujitsu Siemens Computers (Holding) B.V. has announced the successful conclusion of the sale of 25% plus one share in Fujitsu Siemens Computers (Pty) Ltd to the Thuthukani Investment Consortium (Pty) Ltd. This consortium combines the resources of Thuthukani Information Technology Services (Pty) Ltd and Amava Holdings (Pty) Ltd with an additional broad-based black economic empowerment trust. This transaction is unique in nature in that this is the first multinational tier one IT vendor to have sold equity in its local operation to an SME empowerment group. The Thuthukani Investment Consortium set up a special purpose vehicle to facilitate the acquisition. Thuthukani and…

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