Marketworks today announced that Khuba Consulting, a consulting company owned entirely by black women, has bought 25% of the shares of MarketWorks Advisory.
In terms of the agreement, Khuba Consulting, which is headed by Sadi Mpungose, has changed its name to MarketWorks Consulting and now has full access to the support, experience and hands-on advice of MarketWorks Advisory.
MarketWorks Advisory offers its clients best practice management advice and effective strategic methods and tools for fast option analysis and evaluation. The addition of MarketWorks Consulting provides the group with capacity for end-to-end implementation and delivery of management and operational best practices.
"We are very excited about this deal in that not only do both businesses complement each other, but we are also able to underpin our services with the experience and research databases provided by MarketWorks," commented Mpungose, head of MarketWorks Consulting. "This enhanced situation now gives us a compelling differentiator and strengthens the resources we are able to offer, as well as enhancing the end results we can accomplish for our clients."
"The timing is also perfect for us," added Craig Terblanche, head of MarketWorks Advisory, "as our growth forecasts necessitated a strategy to develop additional resources. The Marketworks Consulting team exhibits such energy and enthusiasm for their business that we knew immediately that they would make the perfect addition to the MarketWorks stable."
The teams of both MarketWorks Advisory and MarketWorks Consulting are based in Gauteng.
For further information, please contact Jonathan Saulez at telephone (031) 563 0976, fax: (031) 563 9676 or jonathans@marketworks.co.za.
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MarketWorks is the exclusive representative of LSE-listed Datamonitor Group in southern Africa. The Datamonitor Group, a worldwide research and consultancy company, also includes the Butler Group and ComputerWire companies that were acquired as part of Datamonitor`s accelerated drive into the ICT part of the business. MarketWorks Advisory, headed by Craig Terblanche, is licensed by MarketWorks to use Datamonitor research in its role of providing business and technology advice.
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