THUTHUKANI BECOMES A HOLDING COMPANY
Thuthukani IT Services was looking at further growth. With its shareholding in subsidiaries and an operational
element to the business, it became important to align the various entities and to ensure that the shareholder
(Thuthukani IT Services) did not compete with its subsidiaries, but rather managed the synergy between these
entities.
Thuthukani IT Services thus became a holding company.
With Thuthukani IT Services becoming a holding company, Thuthukani Technology Solutions, a 100% subsidiary
was created. Thuthukani Technology Solutions took on the operational elements of Thuthukani IT Services
whilst bringing additional services and solutions to the group’s portfolio.