Business telecommunications company, BCX, has announced the sale of wholly-owned subsidiary Netcampus.<\/p>\n
The sale of Netcampus will take the form of a management buyout with current managing executive, Tebogo Makgatho, taking 70% of the company while the remaining 30% will be sold to Telkom FutureMakers – Telkom\u2019s enterprise development programme.<\/p>\n
“With the completion of this transaction, Netcampus will now be able to focus on their core strengths and more effectively compete in the ICT sector with a stronger market offering. They will also be able to pursue opportunities outside of the BCX Group of companies,” BCX said.<\/p>\n
\u201cSkills and enterprise development along with empowering black and woman owned businesses is a top priority for BCX,\u201d said Ian Russell, CEO of BCX.<\/p>\n
\u201cEven though Netcampus is one of our niche subsidiaries, we feel that this sale allows them the chance to become a major player in the ICT Learning and Development space.\u201d<\/p>\n
Netcampus will still remain a service provider for BCX and the Telkom Group and will still be used for ICT training and skills development purposes.<\/p>\n