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New chairman for ERP.com

By Staff Reporter, ITWeb
Johannesburg, 12 Apr 2002

ERP.com Holdings has appointed Treacle Venture Partners`Rudolf Pretorius as non-executive chairman.

Treacle, a R244 million private equity fund specialising in the technology, media and telecommunications industries, recently built up a substantial shareholding in ERP.com.

Pretorius, who formed Treacle in 2000 with two partners, was appointed a non-executive director at ERP.com last year after the company announced in November that Treacle had taken a 14.5% stake for R5.8 million.

He was employed at FirstRand Group for 12 years in various executive and non-executive capacities.

He has said that he believes ERP.com is one of the few listed IT companies that will give investors a good return on their money over the next three to five years.

His appointment at ERP.com is with effect from 10 April.

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