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Dimension Data Holdings Plc - Andile Ngcaba to lead a 25% black economic
empowerment ("BEE") consortium in Dimension Data South Africa (Pty) Limited
("DDSA")
Dimension Data Holdings Plc
("Dimension Data")
(Incorporated in the United Kingdom)
Registration number 3704278
Issuer code:DIDDT
JSE Share Code:DDT
ISIN Code:GB008435475
Andile Ngcaba to lead a 25% black economic empowerment ("BEE") consortium in
Dimension Data South Africa (Pty) Limited ("DDSA")
Dimension Data shareholders are advised that its wholly-owned South African and
African operating subsidiary DDSA and a BEE consortium led by Mr Andile Ngcaba
(the "BEE consortium") have reached an agreement in principle under which the
BEE consortium will be introduced as a 25% shareholder in DDSA. The BEE
consortium will include prominent participants in the ICT industry and certain
BEE entities including broad based empowerment parties. Full details of the BEE
transaction, and the composition of the BEE consortium will be announced in due
course.
As part of DDSA"s transformation drive, Mr Ngcaba will join DDSA in an executive
capacity. Upon implementation of the BEE transaction, Mr Ngcaba will be
appointed as Executive Chairman designate of DDSA.
Mr Ngcaba has extensive experience in the ICT industry, having served as the
Director General of the South African Department of Communications for eight and
a half years until December 2003. His involvement as a member of DDSA"s
strategic leadership team will be invaluable in implementing the group"s African
strategy, driving public sector business and accelerating internal
transformation at DDSA.
Johannesburg
30 March 2004
Merchant bank and structuring advisor to Dimension Data
Rand Merchant Bank (a division of FirstRand Bank Limited) Corporate Finance
Financial advisor and joint sponsor to Dimension Data
Cazenove
Joint sponsor to Dimension Data
Merrill Lynch
Legal advisor to Dimension Data
Routledge-Modise
Advisor to Mr Ngcaba
Nedbank Capital,a division of Nedbank Limited
Joint advisors to the BEE consortium
Nedbank Capital, a division of Nedbank Limited
AMB Advisory Services Limited
Legal advisor to the BEE consortium
Edward Nathan & Friedland (Pty) Limited
Date: 30/03/2004 09:00:04 AM Produced by the JSE SENS Department
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