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GIJ - Gijima - Gijima people optimisation process to improve efficiency GIJIMA GROUP LIMITED (Incorporated in the Republic of South Africa) Registration number 1998/021790/06 Share code: GIJ ISIN: ZAE000147443 ("Gijima" or "the Company") GIJIMA PEOPLE OPTIMISATION PROCESS TO IMPROVE EFFICIENCY Gijima wishes to advise shareholders in the Company of the launch of an internal people optimisation strategy aimed at improving efficiency and reducing its cost base. The ICT industry landscape has changed dramatically. ICT spend globally is under pressure and commoditised offerings have become the most price-sensitive. At the same time, clients, particularly those in the financial sector, have come under pressure to be even more competitive following global acquisitions. For Gijima to adequately respond to these changes, the Company will also be streamlining its operations focusing on efficiency, nimbleness, and human resources optimisation. Focus will be on ensuring that Gijima`s cost structures remain relevant to its growth plans, market expectations, and are in line with turnover targets. CEO Jonas Bogoshi said the changes in the global market have warranted that Gijima reassess its business operating model and restructure it to make it relevant. "Our aim is to enhance our business competitiveness, and that of our valued clients, and this optimisation strategy will enable us to do just that, without compromising our track record of quality service delivery." He said the strategy is part of Gijima`s Vision 2025 plan, which it initiated in early 2011. The plan aims to enhance Gijima`s competitiveness and position it as a world- class ICT company that that is innovative, ahead of trends, and is customer- focused. "We are already seeing traction of the plan we have put in place," said Bogoshi. As part of the optimisation strategy, Gijima will be streamlining its operations. The first phase of the implementation of the new business structure resulted in some role duplication and staff under-utilisation, which the group is now correcting. Unfortunately, this will include reducing its human capital costs by between 8% and 12%, depending on the business area. Top talent will be retained across the company`s skills value chain to ensure that Gijima continues its track record of excellent quality service and delivery. The process will be completed by mid-August 2012 while the business restructuring will come into full effect on July 1, 2012. "We aim to improve our performance and enable the organisation to look for and create new opportunities in the ICT space. We are realigning our service and business offerings to create greater efficiencies and enable the organisation to adapt appropriately to market conditions," said Bogoshi. Samrand 15 May 2012 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 15/05/2012 07:30:00 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
