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Safika Technologies Holdings (STH) enters into business partnership with Industrial & Financial Systems (IFS-SA)

Johannesburg, 18 Sep 2000

With the IT industry facing increased competition, Safika Technologies Holdings (STH) - one of the fasted growing and competent black IT companies, has entered into a strategic business partnership with a highly rated international company - Industrial & Financial Systems (IFS - SA).

IFS-SA brings world class experience and expertise into the partnership while their counterparts boast an in-depth knowledge of the IT industry in South Africa. The partnership will be best suited to tackle new challenges and to take on opportunities.

Both companies have commenced joint pitches and the relationship is beginning to yield for the future. In terms of market positioning, the partnership is sure to position both companies among the leaders in providing business applications.

The General Manager of IFS-SA, Mr. Paul Whalley said: "The partnership with STH will increase our footprints of licenses in the South African market. We are delighted to be associated with a company of STH calibre, resources, expertise and competency. Certainly, the partnership will see both companies growing in terms of efficiency and the bottom line".

The nature of the partnership encourages skills transfer and allows both companies to tap into areas of specialisation of each company. It also will expand the merits of offering world class solutions within the industry.

The partnership has been dubbed the "winning combination". It is designed to provide unique solutions to the growing IT needs of clients in the public and private sector.

Huge business opportunities, joint strengths and areas of mutual growth will be identified to expand the scope and vision of the partnership. The partnership will guarantee excellence to their joint clients.

The Business Development Director of Safika Technologies Holdings - Mr Leslie Pama said: "From a developmental point view, this partnership makes us one of the powerful IT companies in South Africa. Possibilities for growth and success are enormous in this wide-open business environment. The partnership will increase our profile and track record of excellence. We see this as an efficient tool for increased profitability and productivity".

IFS boast powerful and comprehensive IT products - software and business applications products for e-business. STH will be entrusted with the implementation and consultation around the products.

The nature of this partnership will be mutually beneficial to both companies. It will allow STH to increase its footprints in the IT industry; afford them worldwide exposure and expertise whilst it gives IFS-SA deeper penetration to the South African IT industry.

Both companies will embrace and endorse a new culture of business that would make the partnership robust and superior within the IT industry, said Mr Pama.

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