Dave Vink

CS Holdings acting CEO David Vink said Reunert had made it very clear that it wanted to take complete control of his company and delist it, but it had been unable to get all the parties to agree.

Vink could not say where the difficulties arose, but said the managers had seen value in Reunert's plans and had been cooperating."Having a minority stake doesn't suit Reunert's business model, but every indication is that they still believe we are a good company.So they may hang on to their shares and wait for another opportunity."

On the positive side, CS Holdings may face a brighter future within EOH than within Reunert, since EOH is a successful company offering similar services.

(don't quote Vink as saying this - it's my assessment) A merger would boost their critical mass and create new cross-selling opportunities.
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Vink said the CS Holdings managers would only support an offer that was fair and reasonable, so investors should not worry about being offered too little cash.

CS Holdings executive director, Dave Vink, says the annual revenue

contribution of the acquired practice to CS Holdings will be an estimated

R10 to R15 million."The acquisition of the PWC JDE Practice means

exponential growth for our JDE business, and puts us in a leading position
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across a wide spectrum of industries and functional areas," adds Vink."This

acquisition brings our total number of senior JDE consultants to more than

30, so we have a thorough understanding of the components and processes

needed to successfully implement the product.This is one of the key

Says Thuli Zuma, chairman of the CS Holdings Board: "Dave Vink, a long-standing member of the CS Holdings executive management team, and board member, will be taking on the role of acting-CEO for the foreseeable future.
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Senior Reunert executive, and CS Holdings Board member, Pat Gallagher, will be on hand to assist acting CEO Dave Vink with the transition and to ensure continuity for the business and its customers.
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With Vink being highly involved in the process, as well as in the strategic direction and strategy of the company, he is well positioned to continue with this.

[Johannesburg, 3 September 2004] - CS Holdings (CSH) CEO Dave Vink has denied claims that his company could soon close one of its business divisions.

His comment comes in the wake of rumours that the CSH group could close its Bid division and retrench the division's employees.
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It amounts to less than 10% of the group's entire staff complement," says Vink.

He says the rationalisations are not linked to the imminent deal with the Bytes Technologies Group (BTG).

"We are unable to make any major changes at the company until the BTG deal is approved by the competition commission.Of course, we have been affected by recent circumstances," adds Vink.

[Johannesburg, 3 September 2004] - CS Holdings (CSH) CEO Dave Vink has denied claims that his company could soon close one of its business divisions.

His comment comes in the wake of rumours that the CSH group could close its Bid division and retrench the division's employees.

"There is some staff rationalisation taking place at the moment but it is not enough to affect entire divisions.It amounts to less than 10% of the group's entire staff complement," says Vink.

He says the rationalisations are not linked to the imminent deal with the Bytes Technologies Group (BTG).

"We are unable to make any major changes at the company until the BTG deal is approved by the competition commission.Of course, we have been affected by recent circumstances," adds Vink.

In the beginning, enterprise resource planning (ERP) came into its own because companies knew information existed somewhere within the organization but could not get to it because it was scattered all over the place, says Dave Vink, executive director of CS Holdings.

MONITORING WEB VISITOR BEHAVIOR GETS DEEPER

Acting CEO Dave Vink was unavailable this morning as he was in a meeting with auditors, but a source at the company says although CSH released its interim results in February, subsequent events have led it to draw up additional information.

CS Holdings CEO Dave Vink says there are still a number of companies that have expressed interest in the group including some foreign organisations.

"When Reunert expressed their intention it indicated to many that CS Holdings was up for grabs and so we have decided to use this time as an opportunity to see what comes up.We may not do a deal with anybody," he says.