TeliMatrix CEO Stefan Joselowitz says the company will provide "spectacular" returns for those investors in it for the medium to long-term.
The company listed on the main board of the JSE this morning.
Its prelisting statement says the company is heading to the bourse to bolster operational growth and take advantage of the increased awareness attracted by listed companies. Only one of its two nearest competitors - Altech Netstar - is currently listed.
Noting that the company already derives 41% of its revenue from outside SA, the company says it intends to seek further growth opportunities for its international operations. Senior management has agreed to relocate offshore, should it become necessary.
At the same time, TeliMatrix predicts its local assets will continue to deliver strong growth for the predictable future.
"As always, the pursuit of growth will be done in a considered manner, without losing focus on profitability and cash-generation," it says.
This morning, Joselowitz told staff, partners and investors that the listing has been on the cards for five years.
"It`s been suggested to me many times, but I`ve said no. Now is the right time. I believe this company will provide spectacular returns for our investors."
The company`s first trade of the day saw 250 000 shares selling for R1.80. This was followed by the purchase of a million shares, at R1.85.
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