Reunert Ltd. Buys 60 percent stake in Siemens Enterprise Communications (Pty) Ltd. From Siemens Ltd.
Wednesday, 30 September 2009
With this transaction, the JSE-listed company will hold 100-percent in Siemens Enterprise Communications (Pty) Ltd. The transaction is still subject to approval by the South African competition authorities. The value of the transaction has not been disclosed. Gerrit Pretorius, Chief Executive Officer of Reunert, commented on the transaction, "The acquisition of the remaining shares of Siemens Enterprise ...
Reunert acquires majority stake in Nashua Central
Monday, 24 August 2009
"This transaction forms part of Nashua's ongoing strategy to take a controlling interest in the large franchises situated in the major cities in South Africa," said Nashua managing director, Graham Rhodes. Nashua has previously bought controlling interests in Nashua Eastern Cape, Nashua Pretoria and Nashua West Rand. It also holds a 74% share in Nashua Kopano. "Nashua Central ...
Reunert interim results for 6 months ended 31 March 2009
Wednesday, 13 May 2009
The radical deterioration of market conditions since the end of last year had a negative impact on the interim results of infrastructure company Reunert Limited. Revenue increased by 1% to R5,1 billion compared to a year ago. The steep decline in volumes, particularly in the electrical engineering operations, resulted in operating profit decreasing by 27% to R531 million. The ...
Senior appointments at Reunert
Friday, 6 February 2009
Reunert has announced management changes at its energy cables entity, CBI-electric: african cables. Alan Dickson (38), the marketing and sales executive of CBI-electric: african cables has been appointed managing director with immediate effect. The current managing director, Ernst Schutte (59), has requested to take up early retirement. Ernst has agreed to stay on until the end of June 2009 to ...