New appointments to Faritec board

Following the acquisition of Enterprise Connection by JSE-listed Faritec Holdings Limited, a leading black empowered IT services and solutions company, three new directors - Mncedisi Mayekiso, Paul Moses and Ciko Thomas - have been appointed to the Faritec board, which now consists of six executive and six non-executive directors.

The new appointments serve to further strengthen Faritec`s position as one of the country`s most empowered IT companies, not only from a shareholding perspective, but also from an employment equity point of view. Seven of the company`s 12 directors are from a previously disadvantaged background and of these, two are female chartered accountants (CAs).

Appointed as marketing director responsible for brand, customer and solutions marketing, Mncedisi Mayekiso is a co-founder and non-executive director at Canal Square Investments, an investment holdings company with interests in the information technology and motor industry sectors. A graduate of the University of Cape Town and the holder of an MBA from Cass Business School in the UK, Mayekiso co-founded Joburg City Auto in 2003, South Africa`s first black owned BMW franchise, where he still serves as non-executive director. He has over 11 years of experience in the ICT sector, having occupied positions in leading companies such as IBM and Microsoft.

Previously managing director of Enterprise Connection, newly appointed non-executive director Paul Moses has extensive industry experience. As part of the Connection Group from 1992, Moses oversaw the national growth of Software Connection and, from 1995 to 1998, the establishment and growth of Incredible Connection where he was Managing Director. In 1998 he formed Enterprise Connection, which was later acquired from the Connection Group by a management-led buyout in 2003.

A marketing professional with more than 13 years experience in strategic marketing, brand management, trade and sales operations, innovation and new product development, non-executive director Ciko Thomas also serves on the boards of Joburg City Auto as an executive director as well as the Communication and Advertising Forum for Empowerment. As a director of Akenton Investments (Pty) Ltd, he also serves as a non-executive director on the board of Excellerate Holdings Limited.