Listed Dialogue Group Holdings has sold its stake in CallForce, which will leave the company with no operating assets once recent sales and pending closures are wrapped up.
However, Dialogue has since entered into agreements to sell two of its businesses, liquidate one, and will close down its two other subsidiaries.
CEO Alan Farthing says “there is not much left in Dialogue”. He explains that a shareholders' meeting will be held in January, at which the directors will propose what direction the company should take in the future. Farthing could not elaborate on the plans ahead of the meeting.
In February, the group applied for liquidation of Dialogue SA, because the call centre had too many costs and not enough revenue.
In September, Dialogue said it was “highly probable” that its other two call centre operations, Sibize and Interaction, would be discontinued, because key contracts were cancelled. Farthing said this morning these units would be closed.
Last month, Dialogue announced the sale of its 51% stake in the business continuity company to CoroCapital, for R35 million, after receiving an unsolicited bid for the entity. This news was followed by its statement that it was disposing of its 51% stake in CallForce.
Dialogue has been paid R1.03 million by the purchaser, Candice Roberts, and will be paid another R1.06 million at the end of the month. Roberts is the minority CallForce shareholder.
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