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Johannesburg Stock Exchange (JSE) publicly listed, GijimaAst, is an Information Technology, System Integration, Software and Computer Services Company. With a 36.6% unencumbered shareholding, Guma maintains management control and functions as GijimaAst’s strategic investment partner. In 2005 Guma executed a reverse takeover of the then unprofitable AST which led to the formation of the merged entity, namely GijimaAst. Since Guma took over the management of GijimaAst, the merged company has grown year on year in revenue and profitability. In 2007 GijimaAst declared its maiden dividend and has over R200m free cash with no long term debt. The recent announcement of its 2009 financial results reflected a huge jump in profit and a massive R500million in the bank.
Guma was responsible for the establishment of Gijima Technologies and Gijima Support Services, the two primary businesses reversed into AST, resulting in GijimaAst.
- GijimaAst is listed in the "Information Technology - Software and Computer Services" sector of the JSE, and is recognised as a dynamic and innovative ICT company, servicing 90 of the top 100 publicly listed South African companies.
- GijimaAst remains a leading player in the provision of integrated ICT services and solutions across a number of industries.
- GijimaAst is active throughout South Africa (with an unparalleled 70 service centres) and has a presence in the Middle East, Namibia, Canada and Australia, currently employing almost 4 000 staff.
- Its intellectual capacity, business model, strong client base and extended geographic footprint is unmatched in the local market.
- It provides clients with sophisticated and diverse service delivery options in the infrastructure, solutions, system integration and networking arenas. The competencies and vertical market focus of GijimaAst includes broad experience and focussed market penetration in the manufacturing, mining, retail and leisure, telecommunications and financial services markets, as well as national and provincial government departments and parastatals.
The merger has had the following benefits for the newly merged GijimaAst:
- Substantial enhancement of GijimaAst's BEE profile, thereby giving GijimaAst greater access to public and private sector tenders and bolstering contract retention.
- The introduction of further black leadership in undertaking the important process of transforming GijimaAst's businesses, at an equity, board and management and staff level.
- Access to Guma's substantial public sector client and contact base.
- The enhancement of GijimaAst's NAV and TNAV as well as the introduction of new cash flow streams.
For further information on GijimaAst please visit www.gijima.com
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