Black empowerment systems integration company, Siyazakha Information Technology was launched in Cape Town yesterday.
Deputy minister of finance, MB Mpahlwa, attended the launch, and congratulated Siyazakha IT on demonstrating that South African business has the ability to take the necessary rapid strides to take advantage of the many opportunities offered by a growing new economy.
Siyazakha was established in order to meet the needs created through the skewed nature of skills within the IT industry and the high attrition of skills out of SA. The company says approximately 300 people per month are leaving the country.
The majority black-owned systems integration company focuses on providing turnkey solutions to customers.
"Siyazakha IT is likely to become a major player in the high-growth IT and information systems industry. In so doing, it plans to uplift the previously disadvantaged people of SA," said Mpahlwa.
The deputy minister stressed that the South African government is eager to play an active role in redressing the shortage of IT professionals in the country.
One of the new company's main objectives is to ensure economic advancement for the previously disadvantaged people of SA by engaging in constructive business ventures and partnership with leading business organisations, unions and leaders in commerce and industry.
It is with this goal in mind that Siyazakha says it has become the first black business partner of Oracle SA through its Ilima empowerment initiative. This is focused on black economic empowerment through partnership with previously disadvantaged IT companies, within which the transferral of skills will take place.
"Siyazakha aims to emulate the Indian IT example often spoken about, using local talent," said Siyazakha chairman Mntungwa Morojele.
"We believe in the transfer of skills from those who have it and may leave, to those who do not currently have the skills but have the aptitude and capabilities and are indeed unlikely to leave SA, these being black."
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