The Barnstone group has successfully launched and managed a variety of new ventures
ACUDEO College originated in 2013, motivated by the successful implementation of two graduate academy programmes by the then Barnstone Corporate Services, the availability of land zoned for education institutions in newly developed towns and suburbs and a funding relationship with SEIIFSA (Schools and Education Investment Impact Fund of South Africa). Since then five campuses have been constructed and the brand is now represented in Tshwane (three campuses), Soweto and Benoni.
Transnet, Sasol, KWV, Aurecon, Standard Bank, The Departmet of Transport, World Bank, AECI, Ivanplats, SAB, The Presidency, Treasury, Impala Platinum, Northam, Allan Gray, EuropAssist, DAWN, BVi, Mercantile Bank and Sun International.
Victus Capital is managed by Barnstone. It invests in commercial property and private equity opportunities. The company participates in joint ventures with both Rabie and Atterbury Property. These ventures developed and own prime office space such as the Aurecon buildings in Cape Town and Lynnwood Bridge, as well as the Deloitte building in Pretoria. Victus Capital is a 30% shareholder in Barnstone Education. Since inception in 2007, more than 80 shareholders have averaged returns in excess of 23% per annum.
Barnstone acquired Maxwell Technology in 2008 with the objective to provide satellite-based data communication to mining companies throughout Africa. The global financial crisis put an end to the strategy and Maxwell had to be repositioned in a new market. The company then developed voice and data communication services for people in rural areas. The success of this revised strategy led to the company being bought by the international Paratus Telecom Group.
Barnstone Corporate Services was created in 2005 as a specialist SAP implementation and support business to the mining industry. The company developed the SAP® Mining Solution. This is pre-configured solution has been designed specifically for junior and mid-tier mining companies and allows for rapid implementation in less than 100 days. Clients include Optimum Coal, Roshcon, Samancor, Exxaro, Arcelor Mittal, Eskom, De Beers, PPC, Implats, Kalagadi Mangenese, Kumba and Lonmin.
In 2015 the company was sold to the management team and TSS Capital, a BEE partner. It now operates as Terra Tec Mining and Exploration Solutions.
Barnstone Fraud Risk services acquired the distribution and implementation rights for the continuous transaction monitoring system Oversight. SARS became the first South African entity that implemented the software. The Fraud Risk business was later merged with Barnstone’s Corporate Services consulting business and subsequently sold to TSS. It now operates under the Terra Tec brand.
Barnstone ventured into the health care industry through the creation of two specialist product providers. Spiramed is a leader in wound care treatment while Octans is an importer and distributor of medical equipment. Both businesses have been acquired by more established players in the industry.