GIJ - Gijima Ast Group Limited - Update on dispute over contract
GIJ
GIJ
GIJ - Gijima Ast Group Limited - Update on dispute over contract
GIJIMA AST GROUP LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1998/021790/06
Share code: GIJ
ISIN: ZAE000064606
("Gijima")
UPDATE ON DISPUTE OVER CONTRACT
Shareholders are referred to the SENS announcement released on 15 April 2010,
where Gijima reported that it had received a letter dated 13 April 2010 from the
Department of Home Affairs ("the Department"), in which the Department contended
the validity of a contract it concluded with Gijima in June 2008. The contract
for the "Who Am I Online" system covers the design, development and
implementation of an integrated core system for the Department, including all
business processes of both its Civics and Immigration Divisions.
Shareholders are advised that Gijima is engaged in without prejudice
negotiations with the South African Government to resolve the dispute regarding
the contract. Gijima remains committed to pursuing a commercial resolution in
order to avoid litigation to resolve the dispute.
Johannesburg
10 August 2010
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 10/08/2010 12:18:02 Produced by the JSE SENS Department.
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