On Friday, the JSE issued a statement indicating Dialogue's listing will be terminated “due to the company's failure to inject viable assets, which meet with the criteria for listing”.
The company, which has been a shell for some time, still has one or two minor matters to sort out before it is dissolved, says CEO Alan Farthing. He says the termination is expected, as the company has indicated it would be wound up since December 2010.
Dialogue used to have five business units: the three call centre operations Dialogue SA, Interaction and Sibize; and stakes in ContinuitySA and CallForce.
Dialogue SA was liquidated in April 2010, after the company could not stop bleeding cash, and CallForce and ContinuitySA have since been sold. Call centre units Interaction and Sibize were shut down after losing major contracts.
Dialogue was the first local call centre company to list in SA when it debuted on the JSE in September 2006, with ambitious plans to expand across SA and Africa.
At the time, then CEO Jason Drew told the audience: “We are at the beginning of our journey, not at the end of it.” Drew added he was looking forward to the company being the first call centre firm to be listed.
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