IT retailer, IT Data Security (IDS), based in Pietermaritzburg, KwaZulu-Natal, is looking for a black economic empowerment (BEE) partner willing to buy 50% of the company.
IDS head, Gavin Nesbitt, says he has been told that "without a BEE partner, corporate clients will no longer do business with IDS. Fifty percent of our current corporate companies have threatened to dump us if we do not have a BEE partner by the beginning of next year. They said 'no black partner - no business for us`."
He says IDS is looking for a partner that has done business for "quite some time" and is involved in a similar line of business.
IDS, with a staff complement of 16, has traded in the computer industry for the past 12 years. Its initial annual turnover of R16 000 has grown to R9 million a year.
Nesbitt says his company`s core business is walk-ins, and it offers a call-out service within Pietermaritzburg and the outlying areas of KwaZulu-Natal.
Share
