{"id":22992,"date":"2012-09-26T08:59:51","date_gmt":"2012-09-26T06:59:51","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=22992"},"modified":"2012-09-26T10:15:48","modified_gmt":"2012-09-26T08:15:48","slug":"gijima-ceo-steps-down","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/it-services\/22992\/gijima-ceo-steps-down\/","title":{"rendered":"Gijima CEO steps down"},"content":{"rendered":"

Jonas Bogoshi<\/a>, chief executive officer of ICT\u00a0services group, Gijima<\/a>, has announced his resignation from the group.<\/p>\n

“The Gijima Board wishes to announce the resignation of the chief executive officer of Gijima, Mr Jonas Bogoshi, effective 31\u00a0December 2012. While there will be a formal handover period of\u00a0three months, the board would like to take this opportunity to\u00a0thank Mr Bogoshi for his hard work over the past five years and\u00a0wishes him well in his pursuit of new endeavours,” Gijima said in a statement on Wednesday (26 September).<\/p>\n

Also on Wednesday, Gijima\u00a0reported a decline in revenue for the 12 months ended 30 June 2012,\u00a0to R2.53 billion, from R2.56 billion in 2011; but the group reduced its operating loss to R49.1 million, from R258.2 million before.<\/p>\n

The group recorded a diluted loss per ordinary share of 5.28 cents, from a prior loss of 21.76 cents; and a diluted headline loss per ordinary share of 5.27 cents, from a loss of 21.65 cents in 2011.<\/p>\n

The company said its results were significantly impacted by the cost of establishing its client-centric business\u00a0model, the loss of two significant contracts, as well as the cost of an internal optimisation programme.<\/p>\n

The company said it has completed the implementation of its new structure, and its business model has been altered to reflect an organisation where\u00a0client centricity is the primary focus. The cost of establishing the client-centric model amounted to R22.3 million.<\/p>\n

The group said that a\u00a0significant contract was lost and a material portion of another key contract was insourced during the 12 months ended 30 June 2012.<\/p>\n

Gijima had been rendering hardware break-fix services to the South African Police Services (SAPS) since 2002. Following the expiry of\u00a0the latest three-year term of the SITA 433 Contract in 2009, Gijima and SITA entered into several short-term extensions.<\/p>\n

On\u00a025 January 2012, however, Gijima received notification from SITA that a new service provider would take over the month-to-month provision of\u00a0services from 1 February 2012.<\/p>\n

A new tender for these services is expected to be issued for SAPS in the near future that will replace the current month-to-month\u00a0agreement. “Gijima is well-positioned to respond to this tender,” it said.<\/p>\n

The group also lost a significant contract with Absa<\/a> during the reporting period.<\/p>\n

Gijima launched an internal optimisation programme in February 2012. The company’s headcount, once the programme has been completed, is expected to reduce by some\u00a0700 employees from the 3,902 employees at the start of the financial year.<\/p>\n

Of this reduction, approximately 200 employees reduced were\u00a0through retrenchment, with the balance of the reduction coming from the Absa insource, contractor terminations and natural attrition. The\u00a0cost of the people optimisation of R38.3 million is reflected in the results for the year ended 30 June 2012.<\/p>\n

Looking ahead,\u00a0Gijima said it has invested to position the group for stability, consolidation and growth.<\/p>\n

“New generation services in the areas of mobility and cloud are\u00a0starting to bear fruit. Gijima’s mobility framework, which includes Mobile Device Management, application development along with the ability\u00a0to integrate into existing legacy platforms is complete, and the market has begun to show good interest in the solutions,” it said.<\/p>\n

The group added that its end-to-end\u00a0security offerings are being positioned to target the significant pain-points being felt by large organisations today, particularly in the financial\u00a0services industry.<\/p>\n

“These new generation services will also provide useful impetus to Gijima’s traditional strength in the infrastructure space.”<\/p>\n

“Despite the challenges in the 2012 financial year, management is confident that the remedial actions taken have positioned the company for\u00a0an improved performance,” Gijima said.<\/p>\n

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

Gijima expected to reduce FY losses\u00a0<\/strong><\/a><\/p>\n

Gijima close to sale of MineRP<\/a><\/strong><\/p>\n

Solidarity prevents retrenchments at Gijima<\/strong><\/a><\/p>\n

Gijima FY revenue seen flat<\/strong><\/a><\/p>\n

Gijima secures long term funding extension<\/strong><\/a><\/p>\n

Gijima advises shareholders of discussions<\/strong><\/a><\/p>\n

Absa to continue business with Gijima<\/strong><\/a><\/p>\n

Absa takes Gijima project in-house<\/a><\/strong><\/p>\n

Gijima to trim staff by 8-12%<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

CEO of IT services group Gijima, Jonas Bogoshi has announced his resignation from the group.<\/p>\n","protected":false},"author":9,"featured_media":4583,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[641,26,1834],"class_list":["post-22992","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-it-services","tag-gijima","tag-headline","tag-jonas-bogoshi"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/22992","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=22992"}],"version-history":[{"count":10,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/22992\/revisions"}],"predecessor-version":[{"id":23003,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/22992\/revisions\/23003"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/4583"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=22992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=22992"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=22992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}