Telsaf Data has advanced its broad based black economic empowerment (BBBEE) status to the highest level under the BBBEE codes of good practice in what may be celebrated as another sweet story written by prominent businessman Mark Headbush.
The integrated communication solutions firm, Telsaf Data, announced this week that it has reached Level One BBBEE contributor status in a process verified by BBBEE rating agency Empowerdex.
Established in 1984 as a subsidiary of Telsaf, formerly Telettra South Africa, Telsaf Data ventured into the BEE path in 2001. Back then Telsaf linked up with the Vula Group, an investment vehicle founded by black business doyen Headbush.
Telsaf sold 25% of its shares to the Vula Group in 2001. This BEE equity partnership was increased to 51% in 2002.
The advancement into a level one BBBEE contributor was described as a significant move by Telsaf Data CEO Max Makgoale. He said the advancement is one of the first within its specific sector.
“The local telecoms market is exceptionally competitive when it comes to the provision of communications media such as carrier-grade microwave, copper, optical fiber,” said Makgoale.
“We believe that our exceptional rating will give us an edge in the marketplace as it highlights the commitment to excellence that is imbued in Telsaf Data as a company.”
Makgoale highlighted the role played by Headbush who is widely considered as a champion of BEE.
“Mark (Headbush) is a pioneer within the telecommunications marketplace,” Makgoale. “Not only do his career highlights include the founding of WBS, iBurst’s parent company, Afritel, the first black owned and operated cellular service provider and the South African Communications Forum, he has also made a massive impact on the area of black economic empowerment within the South African business area. It is through Mark’s example and encouragement that Telsaf Data is where it is today.”
In 2012 Headbush was given the Lifetime Achievement Award under the prestigious Oliver Empowerment Awards Hailing from the EC where he left a trail of entrepreneurial activity, Headbush developed to venture into the ICT space as it was taking off in South Africa and played a role in the making of E TV.
Commenting on the award Impumelelo publisher Ralf Fletcher said “Mark has made an incredibly positive impact not only in the area of black economic empowerment but also in the South African business arena as a whole. He is a notable and remarkable business leader who embodies the principals of empowerment, entrepreneurship and transformation. He is totally deserving of this Lifetime Achievement Award after a lifetime dedicated to transformation and equal opportunity,”
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