Picking up the pieces
Comings and goings at top level, along with consolidation hurdles, saw services company Iocore lose direction. But a new boss is putting the business back on course – with a little help from the Strikers cricket team.
10 December 2002
Admitting you have a problem is always the first step to recovery. For local IT services company Iocore, recovery has been a long, rocky road. Now new CEO Mervin Bateman has taken a hard look at the operation, and believes the worst is over.
The newly formed Iocore was funded by a consortium headed by Investec and including McCarthy Bank, Peregrine Holdings and analyst-turned-businessman Duarte da Silva. The company also enjoyed the backing of former political heavyweight Cyril Ramaphosa.
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