| Tue 15 May 2012, 7:30 | | GIJ - Gijima - Gijima people optimisation process to improve efficiency |
|
GIJ
GIJ
GIJ - Gijima - Gijima people optimisation process to improve efficiency
GIJIMA GROUP LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1998/021790/06
Share code: GIJ
ISIN: ZAE000147443
("Gijima" or "the Company")
GIJIMA PEOPLE OPTIMISATION PROCESS TO IMPROVE EFFICIENCY
Gijima wishes to advise shareholders in the Company of the launch of an internal
people optimisation strategy aimed at improving efficiency and reducing its cost
base.
The ICT industry landscape has changed dramatically. ICT spend globally is under
pressure and commoditised offerings have become the most price-sensitive. At the
same time, clients, particularly those in the financial sector, have come under
pressure to be even more competitive following global acquisitions. For Gijima
to adequately respond to these changes, the Company will also be streamlining
its operations focusing on efficiency, nimbleness, and human resources
optimisation. Focus will be on ensuring that Gijima`s cost structures remain
relevant to its growth plans, market expectations, and are in line with turnover
targets.
CEO Jonas Bogoshi said the changes in the global market have warranted that
Gijima reassess its business operating model and restructure it to make it
relevant. "Our aim is to enhance our business competitiveness, and that of our
valued clients, and this optimisation strategy will enable us to do just that,
without compromising our track record of quality service delivery." He said the
strategy is part of Gijima`s Vision 2025 plan, which it initiated in early 2011.
The plan aims to enhance Gijima`s competitiveness and position it as a world-
class ICT company that that is innovative, ahead of trends, and is customer-
focused.
"We are already seeing traction of the plan we have put in place," said Bogoshi.
As part of the optimisation strategy, Gijima will be streamlining its
operations. The first phase of the implementation of the new business structure
resulted in some role duplication and staff under-utilisation, which the group
is now correcting. Unfortunately, this will include reducing its human capital
costs by between 8% and 12%, depending on the business area. Top talent will be
retained across the company`s skills value chain to ensure that Gijima continues
its track record of excellent quality service and delivery. The process will be
completed by mid-August 2012 while the business restructuring will come into
full effect on July 1, 2012.
"We aim to improve our performance and enable the organisation to look for and
create new opportunities in the ICT space. We are realigning our service and
business offerings to create greater efficiencies and enable the organisation to
adapt appropriately to market conditions," said Bogoshi.
Samrand
15 May 2012
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 15/05/2012 07:30:00 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
