30 October 2003

South Africa: Black Economic Empowerment ICT Firm Launches in Pretoria

Johannesburg — Black economic empowerment (BEE) solutions and services company, Waymark Infotech, with equity shareholding held by senior black executives, was launched at a gala event at the Sheraton Hotel in Pretoria yesterday.

Waymark represents the consolidation of four ICT companies: Affinity Business Solutions, Molepe Business Solutions, Zero & Ones Solutions and Xcel Information Technologies.

Pikie Monaheng, MD of Waymark Infotech, says the consolidation allows "a few large IT system integrators to combine the skills of the dynamic teams to form one concrete business solution".

Waymark offers customer-focused solutions and services, and aligns with local and international business partners to deliver business solutions. These include IT planning, design, development, integration and technological support, and enterprise resource management as well as enterprise knowledge management.

Waymark is a certified Oracle business partner and says it is the first black company in SA to acquire a relationship with the international organisation.

Certified implementation consultants provide Oracle implementation and support services. Waymark's service earned Oracle the e-business suite implementation partner award for 2001

In the enterprise content management solutions field, Waymark is a Signature partner for Documentum. It is also a preferred southern African partner for the InputAccel range of imaging systems, including Captiva.

Waymark has a previously disadvantaged individual (PDI) shareholding of 67% and a staff complement of 160 full-time and 40 part-time, of whom 65% are PDIs.

Guest speaker at the launch event, Dr Danisa Baloyi, woman of the year 2003 and CEO and chairman of DB Consulting International, said: "IT is critical in our lives. Waymark should channel itself into competing globally, as well as implementing equity for women in the IT workplace, which is renowned as a male-dominated sector."

In reply, Monaheng said the company is mindful of its low gender representation at management and executive levels (21%). He said Waymark has initiated an advanced leadership programme targeting PDIs (of whom 50% are female) to enhance their technical and managerial skills.

Monaheng says the company is targeting any service sector that requires business solutions. Waymark has a subsidiary office in the UK for the export and import of products as well as for international subscribers.

Monaheng, Clive Fynn, Leslie Mampe and Louis Buys are the founder members and executive directors of the company.

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