Johnnic holdings Limited (Johnnic), Limited (JCI),

Johnnic belongingss Limited (Johnnic), formerly known Johnnies Industrial Corporation Limited, has its senesce in Africa as office staff of Johannesburg Consolidated enthronisation participation Limited (JCI), a mining troupe dating hold up to the late 1800?s. By 1996, the firm had fledged into an industrial holding company, with a diverse range of recreate under the Anglo American umbrella. In that same year a historical pledge was reach between Anglo American and the theme Empowerment consortium (necrotizing enterocolitis), a broadly based separate of depressed championship and labour interest. The agreement ultimately culminated in Anglo American resign control of the company, with the NEC becoming the bulk shareholder with35% equity. The NEC launched the pioneering Ikangeng Johnnic Scheme on 22 April 1997 to discontinue individuals from historically discriminate communities to own a stake in the company. Taking into ken that new economy era had dawned, the J ohnnic way realised that in couch to sustain Johnnic and ensure futurity maximum shareholder value, the company had to transform from disparate nonoperational industrial composite into a focused media, entertainment and telecommunication group. SWOT ANALYSISSTRENGHTS?Black empowerment?NEC has a larger-than-life trade pith membership?Cash ? rich ? R3 cardinal in 2000?acquiring Transnets M-Cell ? shares?For R2.5 billion?Controlling shareholder of M-Cell ? 6 largest share listed on JSE?Online arena?Good relations with trade unions?Leadership was part of unions prior to their positions and have skilful understanding of how they work?Employee?s receive above trade related benefitsWEAKNESSES?Have to mingle one group by of all underlying artes?R4 billion in debt in 1999? action to create corporate polish?Close door governance?Capital is mainly do up of sale assetsTHREATS? morale pressure on the company as a dense empowerment company?No black CEO? food market has not yet let out convergence as a Possibility?Conflic! ts between groups in Uganda, Rwanda and Nigeria could have a negative effect on business?Opposition in the communications market is strong especially in the... If you trust to get a full essay, order it on our website: OrderCustomPaper.com

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