LATEST NEWS
• SA's much-anticipated second national operator, touted as the first real competitor to fixed-line utility Telkom, was officially launched today in Johannesburg, branded Neotel.
• The second national operator (SNO) has appointed Ajay Pandey as MD.
• The second national operator (SNO) says it will begin to offer services from the second half of 2006, although some may be offered sooner.
• The Independent Communications Authority of South Africa (ICASA) says it has high expectations of the second national operator (SNO).
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Welcome To Nexus Connexion Nexus Connexion (“Nexus”) was formed in April 2002 for the specific purpose of being the BEE partner for the SNO. Nexus shareholders all have a specific common interest, participation in the SNO. Nexus shareholding has been structured to ensure that it is as broad-based as possible. It has a constituency base that includes women’s groups, youth groups, other developmental NGOs, labour union business arms, and businesses represented by individuals and corporates. These groups are spread across all 8 provinces with the exception of Gauteng. The reason for the exclusion of Gauteng is that it is catered for by the various national groups based there, for instance Nozala. These entities add up to 134 SMMEs, NGOs, Business Groups, trade union business arms, and Business Persons (entrepreneurs with executive management and Sectoral experience). All parties hold a meaningful portion of the equity stake, and all have been carefully selected and aggressively screened based on experience, successful track records, and their ability to add value to the SNO. In summary, the shareholder base can of Nexus can further be analysed as follows: • 52 Strategic Individuals from HDI target groups, with average 20 years relevant work-experience each. • 40 SMMEs (reaching 750 employees) • 9 women’s groups (reaching 5’500 HDI women) • 8 youth groups (reaching 97’000 HDI youths) • 7 training organisations (training 7’900 learners per year) • 9 rural Development Agencies (reaching 13’700 HDI South Africans from all corners of the country) • 7 other broad-based community Development Agency groups (reaching 5’000 HDI individuals) • 2 trade unions’ business arms (representing 450’000 members) |
