Gauteng Business News

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VENTURES: New Investment in Dynamic Black Woman Owned Business


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Johannesburg Stock Exchange (JSE) listed Adapt IT, today announced that it has acquired 49 percent of Uyandiswa Project Management Services, a 100 percent black woman owned project management consultancy. This forms part of its significant and increasing commitment to Enterprise Development and further demonstrates Adapt IT as one of South Africa’s most empowered providers of leading IT services and solutions.

“We foresee excellent synergies between our businesses, both of which are firmly established and committed to being leading Broad-Based Black Economic Empowerment (B-BBEE) companies. Adapt IT has successfully retained its level 3 B-BBEE status, is ranked the 28th most empowered company on the JSE and 6th within the Information and Communications Technology (ICT) sector. Uyandiswa is a 100% black woman owned business, which is not only highly capable in ICT delivery, but favourably influences its customers B-BBEE scorecards,” says Sbu Shabalala, CEO of Adapt IT.

Amanda Dambuza, founder and CEO of Uyandiswa says her company shares similar values and integrity to that of Adapt IT. She anticipates that the partnership will prove to be a very successful and valuable one for all concerned: “We are committed to service excellence and have an unwavering obligation to achieve business outcomes, which is an approach that runs deep within Adapt IT.”

Dambuza has spent most of her corporate career in the financial services sector having run large programmes for Nedbank and Firstrand. She spent time at Standard Bank before joining Barclays Africa. Her final role at Barclays Africa was that of CIO for the core services of the bank. She retains 51% of the company and says that as a certified and seasoned project management professional, Adapt IT and its customers stand to benefit from her in-depth knowledge of the Financial Services Industry.

“Project Management is a business imperative. Our mission is to optimise project delivery, to help clients grow their project management capability and increase their success in the delivery of projects thereby increasing their bottom line. This is a mission shared by Adapt IT and I look forward to growing the collective business immensely,” concludes Dambuza.

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