Forge Ahead has bought back the 49% stake in the company owned by BMI-TechKnowledge since the company was founded in 1998.
"This purchase of these shares is strategic to the positioning of Forge Ahead as a majority women-owned and managed company," says MD Jane Mosebi.
The shares in Forge Ahead are now held by Thokoza Investments, Forge Ahead sales and marketing director Dorothy Haggard, research director Tebogo Makgatho, a Forge Ahead employee share incentive trust and a Forge Ahead women`s trust.
BMI-T executive chairman Denis Smit says his company is supportive of Forge Ahead`s decision. "We are proud to have had the foresight to invest in Forge Ahead at its inception and believe that our support over the years has played a role in the success of Forge Ahead as a business."
Haggard says Forge Ahead`s strengths have always been in research-based consulting and strategic networking. Recently it also added strategic marketing and communications to its competencies, which she says has rounded the business off well.
Mosebi says two non-executive directors will be appointed in due course.
"We want to ensure that our non-executives contribute to the growth and strategic direction of the company, so we will take our time with these appointments."
Share
