{"id":10348,"date":"2012-04-19T13:48:34","date_gmt":"2012-04-19T11:48:34","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=10348"},"modified":"2012-04-19T14:11:12","modified_gmt":"2012-04-19T12:11:12","slug":"business-connexion-to-target-african-growth","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/10348\/business-connexion-to-target-african-growth\/","title":{"rendered":"Business Connexion to target African growth"},"content":{"rendered":"

Business Connexion (BCX)<\/a> CEO, Benjamin Mophatlane<\/a> says that investments in Africa are beginning to pay off, having attained profitability for the first time.<\/p>\n

On Thursday (April 19, 2012) the information communications technology (ICT) group, reported on Thursday a 43.5% rise in revenue for the six months ended February 2012.<\/p>\n

Revenue improved to R2.69 billion from R1.87 billion before, while operating profit increased from R40.2 million to R130.8 million.<\/p>\n

Mophatlane said that Business Connexion would focus on growth in Africa, convergence, the cloud and consolidation strategies going forward.<\/p>\n

Business Connexion boasts operations in Ghana, Nigeria, Tanzania, Namibia, Mozambique, Kenya and Zambia. Operating profit for the international division climbed to R5.3 million, from a prior loss of R3 million before and an overall loss of R7.8 million in 2011.<\/p>\n

\u201cThe pipeline in Africa is healthy, it\u2019s the first time that the international operation has made a profit,\u201d Mophatlane said. He highlighted a significant $20 million public sector deal in Ghana, adding that the group had also started to win business in Nigeria, \u201ca key market\u201d.<\/p>\n

The company lead described Mozambique as the \u2018best kept secret in Sub-Saharan Africa\u2019 with Business Connexion having resigned a contract with mining giant Rio Tinto there.<\/p>\n

Mophatlane said that the ICT group would continue to invest in Kenya with a number of \u2018significant\u2019 deals expected soon. \u201cThe international division is in the best health it\u2019s been for a very long time,\u201d Mophatlane said.<\/p>\n

Related articles<\/strong><\/p>\n

Business Connexion lifts revenue by 43.5%<\/strong><\/a><\/p>\n

Business Connexion buys Quad Automation<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Business Connexion (BCX) CEO Benjamin Mophatlane says that investments in Africa are beginning to pay off, having attained profitability for the first time.<\/p>\n","protected":false},"author":9,"featured_media":10357,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[25,2457,1031,2458],"class_list":["post-10348","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending","tag-active","tag-benjamin-mophatlane","tag-business-connexion","tag-rio-tinto"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/10348","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=10348"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/10348\/revisions"}],"predecessor-version":[{"id":10362,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/10348\/revisions\/10362"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/10357"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=10348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=10348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=10348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}