Connect with us

News

BCX Seeks to Grow its Nigeria, Namibia operations

Published

on

Kindly share this post

Listed outsourcing company Business Connation (BCX) is focusing on garnering new clients and growing its African business during the year ahead. In the year to August, BCX grew revenue 25%, to R5.5 billion, and reported headline earnings per share down 20%, to 37.5c.
This is an improvement on its results to May, when headline  earnings per share for the 12 months lost 40%.BCX’s Nigerian business, which has been in  operation for year, delivered good revenue and is expected to be profitable in the next  financial year.
“Nigeria is very exciting; we’ve put a lot of money into it and over the next six months will grow the business,” says Mophatlane. The company also has operations in  Namibia, Tanzania, Mozambique and Zambia. Mophatlane says once the Nigerian business is bedded down, the company will look to open operations in Kenya and Ghana. BCX expects to have between 16% and 20% of its earnings coming from its African units in the next three to four years, he notes. This will include revenue earned from following clients north.
The company’s results, released this morning, include an additional three months as it moved its year-end from May to August, so a year-on-year view is not directly comparable. CFO Vanessa  Olver says the company has managed to halt the slide in earnings per share due to a better gross and operating margin. Its gross profit for the period was 26.6%, a slight improvement on last year’s 26.4%.
Its operating profit was slightly down, to R132.6 million for the 15  months, compared to May last year’s R164 million. However, this was mostly due to its revitalization plan, which cost R98.3 million. This cost was partially offset by the profit on the sale of its Faerie Glen property. Stripping these items out, BCX would have made an operating profit of R217 million. CEO Benjamin Mophatlane says the company expects to start saving R100 million in costs from next year as it has concluded its restructuring.
As a result, head count reduced from 4 943 people at the end of May last year to 4 638 now.  Mophatlane explains that about 160 people were retrenched, with the balance moving with the non-core businesses that were outsourced. Olver says the company has also won R560 million in new business in the past two-and-a-half months, including a Sanlam outsourcing deal.
In addition, despite its biggest customer, Sasol, going out to tender on the outsourcing contracts that BCX has held for the past decade, the IT group was awarded 70% of the business. Jacqui O’Sullivan, Sasol group communication manager, says Sasol’s IT department – Sasol Information Management (IM) – undertook a review of its strategy at the same time as the BCX contract was due to expire.
As a result, Sasol offered potential service providers the opportunity to propose IM service solutions, which are managed through its procurement  processes, she says.Mophatlane says BCX will continue to provide strategic services such as  Sasol’s data centre, storage and networking requirements. He explains that the Sasol deal was built up over a decade, starting with a networking contract, and being added to over time.
BCX says market conditions will remain tough during the coming year, and it will focus on growing revenue streams in its existing customer base. The company also aims to grow market share in the mid-tier corporate sector and public sectors. Mophatlane adds that the IT company will continue to develop its own intellectual property in software and will use this to enhance annuity-based revenue streams.

 


Kindly share this post

Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

Continue Reading
Advertisement
Comments

News

Experts Reveal a Steady Decline of High-severity Incidents Over the Years

Published

on

Kindly share this post

According to the ‘Anatomy of a Cyber World: Global Report by Kaspersky Security Services’, there has been a noticeable decline in the percentage of high-severity incidents over the past few years.

While 2021 recorded the highest proportion at 14.3%, 2025 experienced the lowest in six years at just 3.8%. This trend indicates that many attack attempts were quickly detected and effectively mitigated by Kaspersky MDR experts, preventing their severity from escalating beyond medium levels.

High-severity incidents are defined as attacks involving direct human involvement that result in a significant impact on the customer’s IT infrastructure. In 2025, the number of such incidents detected by Kaspersky MDR decreased by 19% compared to 2024, highlighting improvements in early detection capabilities and more effective remediation efforts among Kaspersky MDR clients.

A detailed analysis of the root causes of these incidents in 2025 reveals the following insights:

Human-driven attacks accounted for approximately 23% of high-severity incidents. Although this represents a slight decrease from 2024, they continue to be the primary cause of serious breaches.

Kaspersky detected such attacks in nearly 21% of customers, demonstrating that motivated adversaries persist in bypassing automated defences. Despite advancements in automated detection tools, these highly skilled attackers still find ways to evade security measures.

Confirmed cyber exercises like Red Teaming made up over 23% of incidents. When activity is verified as part of security testing, it’s often classified as infrastructure false positives, though customers frequently report them as incidents.

Social engineering ranked third, responsible for over 15% of high-severity attacks and affecting nearly 18% of organisations. These are classified as high-severity when successful and not automatically remediated, often leading to security awareness recommendations.

Security policy violations constituted just under 14% of all cases, involving legitimate accounts performing suspicious actions like data exfiltration. Malware incidents represented less than 12%, while artifacts from past attacks, or APT traces, were found in over 7% of cases. Vulnerability detection, though not core focus for Kaspersky MDR, was reported in fewer than 5% of incidents.

“The decline in high-severity incidents highlights the critical importance of adopting a proactive cybersecurity strategy. Human-led solutions such as Managed Detection and Response (MDR) and Incident Response remain essential in combating sophisticated, human-driven threats.

To further enhance the effectiveness and efficiency of in-house security teams, organisations should incorporate advanced, automated solutions like Extended Detection and Response (XDR), which provide improved visibility and enable faster responses.

Additionally, leveraging SOC consulting services can assist in building a robust Security Operations Center from the ground up or optimising an existing one for maximum performance.

An integrated approach to hybrid security operations empowers organisations to detect threats early, contain them swiftly, and ultimately prevent severe breaches from occurring,” comments Sergey Soldatov, Head of Security Operations at Kaspersky.

 

 

 

 

 


Kindly share this post
Continue Reading

News

Google, UpSkill Universe Relaunch Hustle Academy to Bring Free AI Skills to Africans

Published

on

Kindly share this post

Google and UpSkill Universe, Sub-Saharan Africa’s leading AI and business skills training partner, have announced a major redesign of the Google Hustle Academy programme.

For the first time, the free training initiative is open to everyone, not just business owners. The new curriculum is focused on equipping individuals and entrepreneurs with practical AI skills.

Small businesses are the engine of Africa’s economy, creating over 80% of jobs on the continent. To help them grow, the Hustle Academy was launched in 2022, providing bootcamp-style training on business strategy, digital skills, AI, and leadership. The program has since trained over 18,000 SMEs, with many reporting increased revenue and job creation.

Now, as AI reshapes the job market, the program is evolving. The 2026 edition is built for anyone in Sub-Saharan Africa, including employees, students, and jobseekers, who wants to use AI to advance their career.

To meet the needs of a diverse audience, the new format includes short, 60-minute webinars and more immersive, high-impact bootcamps. These sessions are laser-focused on putting AI to work immediately in areas like digital commerce, marketing, and growth strategy.

Speaking about the academy, Gori Yahaya, Founder & CEO UpSkill Universe said “The 2026 Hustle Academy is designed to close the AI Skills gap with hands-on training that is short, focused, and immediately useful. AI is reshaping how businesses win and how careers are built, right across this continent.

“We’re excited to renew our partnership, now in its fifth year with Google, combining their global AI leadership with our deep regional AI expertise. The next wave of AI leaders will come from this continent. We are making sure they are ready.”

The Hustle Academy initiative has strengthened digital competitiveness across emerging African economies by enabling SMEs to move beyond AI awareness to practical implementation, positioning them for sustained growth in an increasingly AI-driven business environment.

“We believe that the future of Africa’s digital economy lies in the hands of individuals and entrepreneurs alike. Our new strategy focuses on scaling reach by training individuals in the latest AI-centered tools and techniques,” said a Google representative.

 


Kindly share this post
Continue Reading

News

Lagos Govt Drags Top Firms to Court Over Billion-Naira Tax Debts

Published

on

Kindly share this post

Lagos State has dragged 45 individuals and firms, including Bi-Courtney Aviation, DAAR Communications and Leaders & Company, to revenue court for tax debts running into billions of naira.

Lagos Govt Drags Top Firms to Court Over Billion-Naira Tax Debts

Lagos Govt

Bi-Courtney, operators of Murtala Muhammed Airport Terminal Two, faces N38.7 million claim; DAAR, behind Africa Independent Television, owes N22.4 million; ThisDay publishers Leaders & Company allegedly skip N67.1 million.

GMT Energy Resources tops corporates at N145.8 million, followed by Sheriff Deputies at N132.1 million; others like Heyden Petroleum, AA Rescue, BRT operator Primero also listed.

Individuals owe N13.5 million to N35 million each.

Attorney-General Lawal Pedro said suits followed ignored notices, aiming to enforce laws and fund infrastructure.

More defendants: IENG Nigeria, James Fisher, V Care Diagnostics, Venture Garden, Saro Africa, Barry Callebaut, Native Media, First Consulting, Eyowo Payments.

Compliant taxpayers post-notice escaped prosecution; defaulters risk penalties, interest, jail.

Pedro urged prompt filings and payments.


Kindly share this post
Continue Reading

Trending