Kyocera Document Solutions South Africa (KDZA) unveils BEE deal

Kyocera Document Solutions South Africa (KDZA) has sold a stake in its business to Nozala Women in a deal that will allow additional equity for black women.

Kyocera has had a longstanding relationship with Nozala, which previously held a 15% share of KDZA.

The Midrand-based document management company will be changing equity with its holding company, Kyocera Corporation – a Japanese multinational ceramics and electronics manufacturer – to sell an additional 20% stake to Nozala.

The deal will increase KDZA’s black economic empowerment ownership to 35% and will enhance KDZA’s broad-based black economic empowerment (B-BBEE) credentials significantly, as the full 35% of Nozala’s ownership is black women.

“This initiative is perfectly aligned with Kyocera Documents Solutions' commitment of uniting our employees and local communities in strengthening relationships of mutual trust, while providing our support for the advancement of society as a whole,” said Takuya Marubayashi, President of Kyocera Document Solutions Europe.

“The long-term and successful relationship between Nozala and KDZA had come to a contractual conclusion and it was time to restructure the relationship into something that is meaningful and helps us all to progress,” said Werner Engelbrecht, General Manager: Kyocera Document Solutions South Africa.

“We have worked well with Kyocera for 10 years and our relationship has been underpinned by mutual respect. Kyocera’s business ethics are aligned with ours and we are looking forward to promoting the participation of women in business through this new investment,” said Salukazi Dakile-Hlongwane, Director of Nozala Women.

“It was becoming increasingly apparent that a black female stake in our business was the right thing to do, as it represents Kyocera’s philosophy of ‘do right as a human being’. We look forward to the next phase in which we can join forces to grow Kyocera’s footprint in South Africa and the rest of Africa,” concluded Engelbrecht.

The financial framework for this deal was provided by Cinga Capital, and Bowmans was the legal advisor

About Kyocera Document Solutions South Africa

Kyocera Document Solutions South Africa is a group company of Kyocera Document Solutions Inc., a global leading provider of total document solutions based in Osaka, Japan. The company’s portfolio includes reliable and eco-friendly MFPs and printers, as well as business applications and consultative services which enable customers to optimize and
manage their document workflow, reaching new heights of efficiency. With professional expertise and a culture of empathetic partnership, the objective of the company is to help organisations put knowledge to work to drive change.

For further information visit www.kyoceradocumentsolutions.co.za

About Kyocera Document Solutions Europe

Kyocera Document Solutions Europe is a group company of Kyocera Document Solutions Inc., a global leading provider of total document solutions based in Osaka, Japan. The company’s portfolio includes reliable and eco-friendly MFPs and printers, as well as
business applications and consultative services which enable customers to optimize and manage their document workflow, reaching new heights of efficiency. With professional expertise and a culture of empathetic partnership, the objective of the company is to help organisations put knowledge to work to drive change.

About KYOCERA Document Solutions Inc

Kyocera Document Solutions Inc. is a core company of Kyocera Corporation, a leading supplier of semiconductor packages, industrial and automotive components, electronic devices, solar power generating systems and mobile phones. During the year ended March 31, 2019, Kyocera Corporation’s consolidated sales revenue totalled 1.62 trillion yen (approx. US$14.6 billion). Kyocera appears on the “Derwent Top 100 Global Innovators 2018-19” list by Clarivate Analytics and is ranked #655 on Forbes magazine’s 2019 “Global 2000” list of the world’s largest publicly traded companies.

About Nozala Women Proprietary Limited

Nozala Women Proprietary Limited is a 100% woman owned investment vehicle. Nozala Women has a diverse shareholder base which includes Nozala Trust whose mission is to support and develop sustainable black women entrepreneurs through capacity building, financial and technical assistance. Some of the Nozala Trust’s beneficiary partners include the National Movement of Rural Women, Muthande Society of the Aged and Sediba Women’s Trust. For more about Nozala visit www.nozala.co.za

About Bowmans

Bowmans exists to help its clients overcome legal complexity and unlock opportunity in Africa. Its track record of providing domestic and cross-border legal services in the fields of corporate law, banking and finance law and dispute resolution, spans over a century. With over 400 specialised lawyers, Bowmans draws on its unique knowledge of the business and socio-political environment in Africa to advise its clients on a wide range of legal issues. 

The firm delivers integrated legal services to clients throughout the continent from seven offices (Cape Town, Dar es Salaam, Durban, Johannesburg, Kampala, Moka and Nairobi) in five countries (Kenya, Mauritius, South Africa, Tanzania and Uganda), and works closely with its alliance firm, Aman Assefa & Associates Law Office, in Ethiopia, and best friends in Nigeria and Mozambique (Udo Udoma & Belo-Osagie and Taciana Peão Lopes & Advogados Associados, respectively). For more about Bowmans,  visit: www.bowmanslaw.co.za

About Cinga Capital Proprietary Limited

Cinga Capital is an independent specialist advisory company founded in 2011 with a strong track record, having participated in major transactions since its inception. Cinga’s service
offering includes inter alia, advisory on mergers and acquisitions, divestitures, corporate restructuring, capital raising (equity and debt), Black Economic Empowerment transactions, valuations of listed and unlisted companies across various sectors and specialist advisory services to entities operating in the public sector space. Our team consists of multi-disciplined
professionals with significant investment banking experience and the ability to comprehend the needs of our clients and offer novel, bespoke solutions coupled with world class execution capabilities.