We are a level 2 BBBEE business that embraces social responsibility and upliftment. Kapela Holdings, a BEE investment business, owns a 34.69% stake in XON and Kapela Holdings Executive Director Israel Skosana is now chairman of the board of XON while Kapela Holdings non-Executive Director Daphne Motsepe and Executive Director Makhup Nyama serve as Non-Executive Directors of XON.
After an 18-month process we selected Kapela Holdings as our BEE partner because the company has the right credentials and the executive team has exemplary business experience, in the right sectors, to attract the continued growth we want. They have an enormous amount of experience in growing large, listed entities and we need that calibre of support to help us maintain and exceed the significant growth we have experienced in the past five years.
Kapela Holdings has a hands-on approach to business and believes XON has the necessary infrastructure, skills and expertise to continue to grow as a significant player in the ICT industry.
Prior to Kapela, in 2003, we had signed an empowerment agreement with Lungisa Technologies, which resulted in a then BEE ownership of over 40%. Lungisa Technologies was an empowerment company headed up by Don Ncube, one of the icons of business in South Africa.
XON is proud to be a South African business and we embrace the country’s multi-cultural heritage. We are committed to broad-based black economic empowerment (BBBEE) through the guidelines provided by the Department of Trade and Industry (DTI) and are proud of our history of activity in that regard.
To view our Broad Based Black Economic Empowerment Verification