Annual Report Home   Downloads   ANNUAL REPORT 2007   GROUP at a glance       Salient features Vision and group structure Company profile Group at a glance Letter to shareholders Board of directors Management Building and developing people Corporate governance Segmental analysis Five-year financial review Value added statement Summary of statistics Definitions and abbreviations Financial highlights Annual financial statements Proxy         Helmuth Fischer   Revenue R3,3 billion • Operating profit R554 million   DESCRIPTION OF BUSINESS   Energy cables Telecommunications cables Low-voltage products   Designs and manufactures a comprehensive range of electric power cables. Main users include Eskom, local municipalities and major players in the industrial, mining and manufacturing sectors as well as general electrical contractors. ISO 9001 accreditation Manufacturer and supplier of copper and optical fibre telecommunications cables. The cables are used by public network operators, whilst a range of measurement, control, data and security cables are supplied to commerce and industry. ISO 9001 and OHSAS 18001 certification, UL Listing, EC Verification, Soncap (Nigeria) Designs and manufactures low-voltage switchgear and residual current devices for the protection of installations and equipment from overload and short circuit. Products include industrial control, automation equipment, wiring accessories and lightning protection. ISO 9001 and EN 29001 certification MANAGING DIRECTOR Ernst Schutte Koos Vorster Chris Oliver OPERATIONAL PERFORMANCE Revenue up 38% Operating profit up 21% Revenue up 45% Operating profit up 7% Revenue up 8% Operating profit down 21% NO OF EMPLOYEES 755 657 1 999 NEW INITIATIVES DURING 2007 New product lines commissioned ACSR House wire Rod conversion upcaster installed Merged with Aberdare Significant growth on instrumentation cable Rationalised product line REVENUE CONTRIBUTION % OPERATING PROFIT CONTRIBUTION %         Revenue R5,8 billion • Operating profit R675 million   DESCRIPTION OF BUSINESS   Office systems Telecommunications service provider Distributor of electronics   A leading supplier of office multifunctional devices in southern Africa. Products are sourced from Ricoh, the world’s leading manufacturer of office automation equipment and branded Nashua. Nashua has a well-established network of 56 franchises in South Africa, Namibia, Swaziland, Lesotho, Botswana, Zimbabwe and Zambia. ISO 9002 accreditation One of South Africa’s largest independent cellular solutions providers offering consumers the choice of all three networks (Vodacom, MTN and Cell C). Growing into a telecommunications solutions service provider, Nashua Mobile aids customers to make sense of a complex, fast-moving environment with a choice of suppliers and new offerings, including broadband and ISP. Nashua Mobile has more than 690 000 contract subscribers. Business Systems: Imports, markets and distributes business system products under the Panasonic and Pansolutions brand. Product categories include office automation, IT, telecommunications, security systems, broadcast systems and presentation systems. Consumer electronics: The exclusive importer and distributor of a wide range of Panasonic products manufactured by Matsushita. Also represents the Akai and Futronic brands in southern Africa. MANAGING DIRECTOR Chris Scoble Mark Taylor Martin Maddox SEGMENTAL ANALYSIS Office systems Consumer products and services KEY FINANCIAL PERFORMANCE Revenue R1,2 billion Operating profit R307 million Revenue R4,6 billion • Operating profit R368 million OPERATIONAL PERFORMANCE Revenue down 1% Operating profit down 3% Revenue up18% Operating profit up12% Revenue down 1% Operating profit down 49% NO OF EMLPOYEES 419 767 933 NEW INITIATIVES DURING 2007 Acquired majority shareholding in Tshwane and Eastern Cape franchises Incorporated Acuo Nashua Finance incorporated under Quince effective 1 May 2007 Launched Nashua Insure Added 52 more retail outlets Created cell phone repair business together with Reutech Rebranded RC&C Holdings under Nashua stable Established Internet business Opened 3 electronics shops REVENUE CONTRIBUTION % OPERATING PROFIT CONTRIBUTION %       Revenue R491 million • Operating profit R109 million   Piet Smit   DESCRIPTION OF BUSINESS   Electronic fuses Radio communications Logistic support Radar systems   A world-renowned supplier of a broad range of electronic fuses for artillery, mortar, naval and air weapon applications. Exports over 98% of its products. Supplier of all the VHF/UHF tactical communications equipment used in South Africa. A systems engineering and support company. Services cover the entire spectrum of installation and logistic support of electronic equipment for the South African Defence Force, other government agencies as well as bluechip clients in the banking and mining industries. Supplier of some of the most modern radar equipment in the world. Specialises in ground-based and shipborne radar systems, early warning radar systems and non-military mining sensor equipment. NO OF EMPLOYEES 448 124 295 101 NEW INITIATIVES DURING 2007 Created cell phone repair business together with Nashua Mobile Export orders airborne radios   Mining surveillance radars REVENUE CONTRIBUTION % OPERATING PROFIT CONTRIBUTION %     Investments DESCRIPTION OF BUSINESS   Telecommunications Financial services   Leading supplier of fixed and mobile voice and data networks with a comprehensive portfolio of products and services for service providers, enterprise networks and carriers. RCCF, trading as Nashua Finance, is now a division of the newly created Quince. Quince provides asset-based financial solutions and is an initiative with PSG. REUNERT SHAREHOLDING % 40% 48% NO OF EMPLOYEES 736 36             Back to top