Convergence Partners’ investee, SEACOM, has signed an interconnection agreement with Epsilon Telecommunications. With SEACOM preconnected, Epsilon can offer its customers network connectivity to Africa via the SEACOM network as well as carrying African telecommunications traffic globally. Customers of SEACOM in turn have access to Epsilon’s 450+ preconnected network operators around the world.
Dimension Data, a Convergence Partners’ investee, was awarded the responsibility of running a sophisticated data-capturing technology to improve ambulance response times in the Western Cape for the next four years. The project initiated by the Western Cape Government is scheduled to be operational by November of 2013.
Investment opportunities for fellow Brics nations in infrastructure development and industrialisation in South Africa were valued at over R33-billion, or $3.5-billion, National Empowerment Fund (NEF) CEO Philisiwe Mthethwa told delegates on the opening day of the fifth yearly Brics Summit. Referring to the telecommunication sector, she said “the IDC had transactions under consideration worth $5.7-billion, which included FibreCo, a joint venture between Cell C, Convergence Partners and Dimension Data, and which was rolling out a long-haul open-access fibre-optic network”.
On 21 February 2013, a high profile gathering of Johannesburg’s innovators, entrepreneurs and thought leaders marked the official opening and launch of JoziHub. JoziHub, situated at the vibrant 44 Stanley, Milpark, Johannesburg precinct is poised to transform the city’s technology industry by connecting potential entrepreneurs and developers with the critical resources they need.
Miracle Rising: South Africa, a History channel documentary that was aired on South African television on February 10, 2013, takes a unique perspective on South Africa’s political transformation. Dimension Data hosted the world premiere of the documentary on Thursday, 7 February 2013. As a lead sponsor of the documentary, it reflects of the value that Dimension Data places on nation building and on being a committed South African company.
Convergence Partners’ investee company, Inala Technologies is one of twelve South African signatories to the UN Global Compact in 2013. The UNGC is a strategic policy initiative for businesses that are committed to aligning their strategies and operations with 10 universally accepted principles. These are in the areas of human rights, labour, environmental protection and anti-corruption.
After attending 90 Saturday classes over the past two years, 42 students have graduated from the Dimension Data Saturday School programme. Convergence Partners has been one of the partners to Dimension Data for this programme. Mpho Sesinyi emerged as the overall top performer in all subjects at the Dimension Data Saturday School Class of 2012 graduation ceremony on Friday 7 December 2012.
Convergence Partners’ Chairman, Andile Ngacba, was the keynote speaker at the inaugural FTTH Council Africa broadband conference held in Cape Town on 12 and 13 November 2012. Andile outlined the four key pillars to broadband growth viz; regulatory and policy issues; technology (especially photonics); new business models; and skills development.
A consortium of South African investors led by Convergence Partners, and comprising Altirah Telecoms and the Convergence Partners Foundation, has recently disposed of its 25.1% interest in the New Dawn joint venture to Intelsat S.A, its joint venture partner and the majority shareholder of New Dawn.
Convergence Partners Chairman, Andile Ngcaba, has been shortlisted for 2012 AfricaCom Personality of the Year Award for his significant impact on the Africa’s telecoms, media and ICT industry. He was selected amongst a record number of submissions for the Award.