Search:  
Gauteng Business News
5737
VIEWS

Send  Share  RSS  Twitter  06 Oct 2010

BEE: ExecuJet and Guma Group Empowerment Deal

 





Recent Gauteng Business News

South Africa is pleased to announce that it has reached an agreement with Guma Groupin respect of a transaction culminating in the biggest empowerment deal in General Aviation in thiscountry. The transaction will see the Robert Gumede led Guma Group buy a stake in the largest

Business Aviation Company in Africa through the purchase of a 26% equity stake in its Africanbusiness. Guma has been involved in negotiations with ExecuJet for over 2 years.


ExecuJet South Africa regards transformation as fundamental to the long-term development and
stability of the South Africa economy and its business in the entire African continent. The ExecuJet
Aviation Group fully endorses these principles and, in addition, views this transaction as a
necessary strategic response to increasing market requirements for empowerment credentials.

The Guma Group was selected due to their proven track record in assisting companies with
business growth and transformation strategies. “It was imperative that we select the right partner
for this transaction, and that our selected partner ascribes to similar business principles. Robert
Gumede and the Guma Group provided significant comfort in this regard. I am excited about
working with Robert and his management team in the future. We can now get down to the
business of flying our clients.” comments Ettore Poggi, Managing Director of ExecuJet South
Africa.

The ExecuJet Aviation Group (headquartered in Switzerland) is one of the largest Business
Aviation companies in the world with a fleet of over 150 aircraft and its South African subsidiary,
ExecuJet South Africa, is regarded as the African market leader in this industry. ExecuJet South
Africa has world class facilities at Lanseria International and Cape Town International airports.

From these locations it offers aircraft maintenance, aircraft management and charter services and
FBO facilities. ExecuJet South Africa has over 40 aircraft under management and available for
charter ranging from turbo props to intercontinental jets. ExecuJet South Africa is also the
Authorised Maintenance Service and Warranty facility for Bombardier, Gulfstream and Dassault
Falcon.” Watch this space for more!” says Ettore Poggi.

The Guma Group of companies, which has over 12 000 employees, was founded by self-made
entrepreneurial businessman, Robert Matana Gumede, and is a black owned, hands-on operations
and investment power house intensely focused on adding value and initiating growth by means of
operational and managerial participation. Guma has a track record of building Greenfield
businesses as well as business turnaround e.g. Gijima from technically insolvent AST. Further Guma
believes in year on year organic growth of its respective businesses.

With broad-based shareholding and a development community trust, Guma is able to offer
unsurpassed strategies for commercial success while upholding the agenda of transformation
in South Africa and beyond. Guma has operations in most key African countries such as
Nigeria, Namibia, Zimbabwe, Uganda, Botswana, Tanzania, Kenya, Gabon and the
Republic of Congo which will leverage ExecuJet.

The Guma Group of companies have interests across a wide range of sectors including information
communication technology, smartcard manufacturing, energy, mining resources, real estate,
tourism and hospitality, infrastructure development and construction.

“Through our vast entrepreneurial acumen, impeccable empowerment credentials, highly skilled
management, respect for and adherence to sound corporate governance, fervent attention to detail
and hands on value-add, Guma is perfectly positioned within the African continent to grow the
business of ExecuJet further” says Robert Gumede.

The Guma Group of companies is mainly domiciled in South Africa. It has established operations
throughout the African continent, as well as in Canada, the Caribbean, Turkey, Chile, Indonesia,
Australia, the Middle East, China, and the United Kingdom.

States Gumede: “Given Guma’s investments in tourism through Africa’s largest integrated tourism
company, Tourvest, we needed to be involved in the aviation industry for the benefit of our private
and public sector clients who fly private. ExecuJet gives us just that. Both Guma and ExecuJet are
committed to real black participation and transformation of the aviation sector throughout Africa".

Guma as a hands on and value adding partner will appoint a full time black executive director and a non-executive director, Mr Robert Gumede on the board of the ExecuJet South Africa operation


 
 
 
spine-alignohse-consultancyBusiness Profilesperfect-weddingsolarport
 
   
 
 
 
  Accomodation
Accommodation


Online Foreign Exchange
Foreign Exchange


Directory
Directory


Fax
Fax 2 Email


Finance
Finance


Furniture
Furniture


Casino
Online Casino


Restaurant
Restaurant


Auctions
Shop Online


Study IT
Study IT Online


Web design
Web Design


Weddings
Weddings


Work
Work from Home
 
 
 
 
 
Company News
 
 

 

© 2019 www.gbn.co.za. All rights reserved.

Daily Newsletter Subscription

 

Subscribe to the Gauteng Business News Daily News and information email (it's free).

Thank You
Your email address has been added.

Name:
Email Address: