CORNASTONE is a black owned and managed company founded by Lufuno Nevhutalu and Hamilton Ratshefola, two IT professionals and entrepreneurs with an extensive track record and business experience. The company was founded in October 2000. BMI-T Forge Ahead and Black IT Forum honoured both Hamilton and Lufuno as members of top 20 black IT professionals in South Africa in 1999. CORNASTONE has assembled a selection of highly skilled professionals at management and technical level, with outstanding track records in sales, marketing and finance delivery.

The SAP business of Cornastone gained invaluable experience implementing the Utilities component of SAP for the City of Cape Town, City of Tshwane and through its involvement with City of Johannesburg. It uses this expertise specifically to assist government utility operations and the associated industry and it is a SAP All-In-One (AIO) value-added reseller (VAR). Its SAP AIO solution is preconfigured for utilities operations and takes into account specific South African requirements such as GAMAP and PFMA compliance. The solution includes financials, billing, procurement, inventory management and other components.

Industry/Vertical Market: Banking