Serame Taukobong, Telkom Group CEO.
Telkom CEO Serame Taukobong is planning to rebuild BCX, an ailing company in the group, which has continued to suffer losses in recent years.
Specifically, Taukobong says, Telkom is in discussion with an unnamed “strategic partner” that will give BCX the scale and capability to dominate the market.
Taukobong, the telephony group’s new chief executive, set out the latest attempt to revive BCX’s failing fortunes in an interview with ITWeb, during which he promised to rekindle a sense of pride in the company.
BCX, which offers ICT solutions such as analytics, cyber security and cloud services, was founded by Benjamin and Isaac Mophatlane in 1996, and was acquired by Telkom in 2015, in a deal valued at R2.6 billion.
In the past few years, BCX has been limping and remains under pressure, with Taukobong saying this is due to the lingering impact of the lockdown and the global supply chain constraints and shortage of semiconductor chips.
In the current reporting period, BCX’s revenue declined by 2.6%, a situation the CEO hopes his team will turn around soon.
He tells ITWeb “an interesting announcement” on BCX’s future will be made in the next two to three months.
“What we have seen with BCX is that in the second half of the year, it had better performance and recovery, even though revenue remained negative at 2.6%. What we are seeing is growth in the converged communications business; we have seen growth in cyber security, IOT solutions and innovation technology, albeit off a smaller base.
“I think what’s key for us for BCX is how we get a strategic ..
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