Jasco. Inspire. Innovate.

2016 INTEGRATED ANNUAL REPORT



Integrated Annual Report 2016
Integrated Annual Report 2016
26/09/2016

Download Size: 5.56MB
annual-financial-statements
Annual Financial Statements 2016
26/09/2016

Download Size: 1.74MB

"2016 is a year of recognition as we celebrate 40 years of existence. This year has also been a year of stability and consolidation."

PETE DA SILVA
26 September 2016
Pete Da Silva

 Achievements


1 The sale of M-TEC and the receipt of the first R20 million in proceeds
2 The reduction in long term debt and the improved gearing ratio from 73% to 54%
3 The strong top- and bottom-line growth in Intelligent Technologies
4 The good return on assets managed (ROAM) by the Carrier business
5 The customer diversification in Electrical Manufacturers, with volumes from new customers in the fourth quarter  
6 The stabilisation of the Enterprise business following R32,3m cost reductions during the year
7 The excellent cash generation from operations of R79,4 million

 Disappointments


1 Lack of growth in the South African market 
2 Exchange rate volatility
3 Slow progress in the Enterprise business unit turnaround 
40 years of excellence