Annual Report 2009
 
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Performance overview         
Group portfolio    
 
 
    OVERVIEW   OUR EXPERTISE   HIGHLIGHTS   EFFECTIVE SHAREHOLDING  
Financial Services
  Absa’s assets of R754,3 billion, 11,3 million customers, 9 211 automated teller machines and 36 920 permanent employees, makes it one of the biggest banks in Africa in all respects.    
  • R79 billion in market capitalisation.
  • Dividends per share 225 cents for the six months ended 30 June 2009.
  2,23%  
Construction and Infrastructure
 

Group Five is a broad-based infrastructure company with a balanced portfolio of businesses offering multidisciplinary construction and engineering skills and expertise to deliver any aspect of an infrastructural project, including concept development and design.

   
  • 25% increase in operating profit for the year ended 30 June 2009.
  • Strong project pipeline.
  10,7%  
                   
    Swissport is a logistics service provider operating at major airports in South Africa.    
  • 39,25% growth in revenue for the year ended 31 December 2008.
  39,2%  
Telecoms, Media
and Technology
 

Vox Telecom is a leading independent, alternative supplier of voice and data services to the South African and Namibian market.

On 20 November 2007 Avusa Limited was officially unveiled as the new name for what was Johnnic Communications Limited (“Johncom”). The company has evolved and grown remarkably over the years, to become one of the pre-eminent media and entertainment organisations in South Africa and the continent.

   
  • Provides critical telecommunications products and services to over 18 000 corporate customers and 157 000 consumers.
  • Vox Telecom continues to trade satisfactorily due to consumer demand for lower telecommunication costs and thus approaching Vox Telecom for least cost routing services.
  • BEE shareholding of 47,6% – the largest black-owned telecommunications company in SA.
 

 

12,3%

 
                 
       
  • Profit for the year ended 31 March 2009 up 58%.
  • Headline earnings for the year ended 31 March 2009 up 28%.
  25,5%  
Consumer
Services
 

Mvelaserve Limited offers a range of outsourced support services in the areas of facilities management, security, catering and cleaning. It also provides services in the gambling, franchising, financial services and freight markets.

   
100% Facilities management   Security   Catering and cleaning   Diversified services
TFMC – 100%   Protea Coin – 100%   RoyalSechaba – 100%
Berco – 100%
Mediguard –100%
  Khuseti Holdings – 100%
Zonke – 73%
Contract Forwarding – 100%
Novare – 50,1%
 
   

The Life Healthcare Group is one of the largest private hospital operations outside the United States. Its primary business is acute hospital care and it comprises one of the most geographic spreads of acute-care hospitals and same-day surgical centres in South Africa.

   
  • 11% year-on-year growth in operating profit for the 12 months to June 2009.
  • Over R500 million capital distributions paid out to June 2009.
  22,0%  
                   
   

Since Steinhoff listed on the JSE Limited on 23 September 1998 they have had one single goal and that is to be an integrated global lifestyle supplier that manufactures, warehouses and distributes household goods and related timber products.

   
  • Improved net cash flow from operating activities increased threefold to R1 400 million for the six months ended 31 December 2008.
  • Headline earnings maintained at R1 500 million for the six months ended 31 December 2008.
  4,5%  
 
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