mobile | classic  
Dataweek Electronics & Communications Technology Magazine





Follow us on:
Follow us on Facebook Share via Twitter Share via LinkedIn


Search...

Electronics Buyers' Guide

Electronics Manufacturing & Production Handbook 2017


 

Tellumat sells 51,1% BEE stake
15 June 2016, News

Stellar Capital has sold a 51,1% controlling interest in Tellumat, the diversified electronics and communications group, to black-owned investment group Masimong Technologies. Total consideration for the black economic empowerment (BEE) transaction, concluded on May 19, is R180,4 million. The deal is subject to approval by competition authorities and the companies’ respective boards.

Stellar remains upbeat about Tellumat’s future prospects, and will be retaining its remaining shareholding at 48,9%.

About the parties

Tellumat provides innovative technology solutions and services to the ICT, defence, energy and transportation sectors. The group has offices in Cape Town and Gauteng, with core capabilities in integrated ICT solutions, defence and security, air traffic management and advanced manufacturing.

Masimong Technologies is a newly formed 100% subsidiary of Masimong Group, a diversified investment company with interests across various sectors including mining and mining services, mineral agglomeration, industrial chemicals, environmental solutions, financial services, agriculture and media. The group has a dual strategy of value growth and empowerment under owner Mike Teke. The group provides both strategic empowered and operational leadership to support growth and sustainability in the companies it invests in.

“The transaction will enhance Tellumat’s BEE status, allowing us to unlock contracts and improve profitability,” adds Andrew Connold, CEO. “Being 51,1% black-owned is quite unique in the industry and puts us in a very enviable position, with key government and parastatal customers already having indicated additional support for us as a result of the deal. We have listened to the needs of our customers and gone out of our way to enable them to continue to do business with us.”

For more information contact Nicola Small, Tellumat, +27 (0)21 710 2911, nsmall@tellumat.com, www.tellumat.com


Credit(s)
Supplied By: Tellumat
Tel: +27 21 710 2911
Fax: +27 21 712 0008
Email: shartley@tellumat.com
www: www.tellumat.com
  Follow us on Facebook Share via Twitter Share via LinkedIn    

Further reading:

  • Electronics news digest
    22 March 2017, News
    Overseas    Business • For the first quarter of its fiscal year 2017, Analog Devices announced revenue totalling $984 million, down 2% sequentially but up 28% year-over-year. Revenue in its B2B markets ...
  • Online ordering is advancing, but not yet the norm
    22 March 2017, News
    Two local electronic component distributors and a leading security OEM share their insights on the popularity of online ordering platforms.
  • Training and facility upgrade at KZN solar module plant
    22 March 2017, News
    ARTsolar has implemented a certified training and facilities upgrade programme at the only South African owned photovoltaic manufacturing plant.
  • Chronicles of DesignCon 2017
    22 March 2017, Cirtech EDA, Manufacturing / Production Technology, Hardware & Services, News
    Cirtech EDA’s Nechain Naicker was appointed to DesignCon USA’s technical programme committee, and reports back on the conference.
  • New tech is the best tech, but not all old tech is bad
    22 March 2017, Technews Publishing, News
    Over recent years, new technologies have given us nifty new ways of interacting with our mobile devices. Novelties like touchscreens, motion detection and haptic feedback quickly became essential features ...
  • iCORP signs up memory chip maker
    22 March 2017, ICORP Group, DSP, Micros & Memory, News
    iCorp Group recently signed an agreement with Winbond for official distributorship in southern Africa. Winbond is a specialty memory IC company engaged in design, manufacturing and sales services, with ...
  • OSRAM LEDs used to create controlled horticulture environment
    22 March 2017, OSRAM Opto Semiconductor SA, Opto-Electronics, News
    Based in Colorado, USA’s metro Denver area, Infinite Harvest, an indoor hydroponic vertical farm, provides fresh and nutritious produce year-round, consistent in flavour and superior quality, for celebrity ...
  • RS optimises website for mobiles
    22 March 2017, RS Components (SA), News
    RS Components has developed a new and improved website optimised for mobile devices to support its growing mobile user base. The company has seen a fourfold increase in mobile traffic to its website year ...
  • Intel and ARM architectures may battle over IoT
    22 February 2017, News
    Intel is the largest semiconductor company and the combination of Intel Security, Wind River and Intel Architecture silicon is a powerful combination to help secure the IoT.
  • IPD lands agency for top global distributor
    22 February 2017, IPD Electronics, News
    Pretoria based IPD electronics has been appointed as the local distributor for America II Electronics, one of the world’s largest distributors of semiconductors and electronic components.
  • From the editor's desk: This phablet is the hottest thing around – and it has GPS!
    22 February 2017, Technews Publishing, News
    How easy it is to take technology for granted. Perhaps the most fitting testament to the dependability of modern electronics is that, after the honeymoon period of getting to know the latest gadget that ...
  • RS enhances its PCB component models
    22 February 2017, RS Components (SA), News
    RS Components has extended its relationship with SamacSys, the world’s leading supplier of high-quality PCB schematic symbols and footprints. RS is now offering direct access to schematic symbols and ...

 
 
         
Contact:
Technews Publishing (Pty) Ltd
1st Floor, Stabilitas House
265 Kent Ave, Randburg, 2194
South Africa
Publications by Technews
Dataweek Electronics & Communications Technology
Electronic Buyers Guide (EBG)

Hi-Tech Security Solutions
Hi-Tech Security Business Directory

Motion Control in Southern Africa
Motion Control Buyers’ Guide (MCBG)

South African Instrumentation & Control
South African Instrumentation & Control Buyers’ Guide (IBG)
Other
Terms & conditions of use, including privacy policy
PAIA Manual





 

         
    Classic | Mobile

Copyright © Technews Publishing (Pty) Ltd. All rights reserved.