• AEEI’s TECHNOLOGY DIVISION GROWS FURTHER BY ACQUIRING 51% OF HEADSET SOLUTIONS

    25 November 2016
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    Cape Town, 23 November 2016 – Having recently announced the acquisition of a siginificant stake in IT company Puleng Technologies, AEEI continues on its acquisition plan to bolster its Technology division by acquiring 51% equity in Kalula Communications (Pty) Ltd, trading as Headset Solutions (Headsets).

    Based in Somerset West, Headsets is the authorised distributor of premium branded electronic products, namely Plantronics and Konftel. The business focuses on audio communications equipment and software, which support VOIP environments, unified communications, mobile use, gaming and music, servicing both corporate and retailer markets.

    Group Chief Executive Officer of AEEI, Mr Khalid Abdulla says, “AEEI is pleased to welcome Headsets to the Group.  This synergistic acquisition further compliments our already substantial technology offering by increasing our market penetration and client reach and will be instrumental in assisting our technology division to achieve its objectives for substantial growth over the next few years”.

    Mr Tony Brown, the Chief Executive Officer of Headset Solutions, is equally pleased with the deal remarking, “We look forward to the growth opportunities provided by the synergies between Headsets and AEEI. Together we will be able to leverage our relationships to further increase our customer base and drive Headsets to grow into the ‘Unified Communications Market’.”

    The deal is another milestone for AEEI, as Headsets, with an estimated additional R60 million annual revenue to the Group. This will complement and grow AEEI’s technology division with additional capabilities, technical skills across the Group with its plans of innovation and world class support to AEEI’s associates, clients, as well as various multinational companies.

    With these acquisitions, AEEI’s IT division alone is already expecting to double its annual revenue to R450 million for the year ending August 2017 as compared to R215 million for the 2016 financial year end.

    This investment is set to significantly increase the AEEI division’s revenue and profits. AEEI’s IT division has shown strong growth year on year over the past 3-5 years.

    It is anticipated that AEEI’s investment into Headsets will have a pay-back period of 3 to 4 years. This “payback” excludes the anticipated exponential capital appreciation expected from this investment.

    Brown added, “Our partnership with AEEI is exciting because of their excellent market reputation, financial performance and track record, with a great understanding of our business. Being a member allows both Groups to further grow their respective customer base into the African Market where outsourced call centre operations are being established in countries, amongst other, Madagascar and Mauritius, from where they serve a growing number of European and American companies”.

    The AEEI Group will continue its strategic focus to grow the value of its core operational investments and improve the value-add on strategic investments. Management remains focused on the implementation of its ‘Vision 2020 Vision’ strategy and is well on track to achieve its targets. AEEI has indicated that it will, as part of its Vision 2020 Vision strategy, separately list its IT division within the next 3 years.

    Rory Lavelle, Vice President of sales in Europe and Africa for Plantronics, quoted that, “After nearly 3 decades of partnership, the future prospects for Headset Solutions have never looked brighter and we are very excited by the acquisition of our partner, Headsets, by such a progressive and successful Black Economic Empowerment company like AEEI”.

    AEEI reported a sterling set of financial year end results to August 2016 with a 53% increase in operation profit and a 24% increase in NAV, making good on its promise to increase shareholder value and generate sustainable growth and profit margins.

    Abdulla concludes, “We are excited about our fast growing plans to create shareholder value with our diversified technology products and services. This additional deal with Headsets is further testament of our ambition to realise the goals and objectives that we have set out in our Vision 2020 Vision strategy”.

    The purchase consideration for the transaction was concluded partly in issuing shares in AEEI’s subsidiary and technology holding company – this again address to the sentiment that the Headsets shareholders believe in and are committed to this divisions growth and future plans which includes a separate listing. Companies that are expanding their call centres or thinking about implementing unified communications should make contact with Headsets on info@headsetsolutions.co.za  – with over 400 partners in South Africa, Headsets is one of the largest headset distributors on the continent.

    As testament to its future-thinking approach and its ability to deliver, AEEI was recently recognised by Empowerdex in its annual benchmark of JSE Listed companies as the Most Empowered Company, the Most Empowered Management Control, and was also listed by the Financial Mail as a Top 10 Performer on the JSE for financial performance. AEEI is ranked amongst the Top 10 places for the IRAS highest SDTI score for governance as well.

    Notes to editor:

    Earlier in October, AEEI acquired 57 percent of voting rights of Puleng Technologies (Pty) Ltd. Puleng provides clients with a converged infrastructure platform, which allows for the leveraging of a customer’s computer, storage, virtualisation and management teams, which complements the other IT businesses.

    Rory Lavelle Vice President of sales in Europe and Africa for Plantronics Khalid Abdulla Chief Executive Officer for AEEI and Tony Brown Chief Executive Officer for Headset Solutions

    From left to right: Mr Rory Lavelle, Vice President of Plantronics – sales in Europe and Africa, Mr Khalid Abdulla, CEO of AEEI with Mr Tony Brown, CEO of Headset Solutions.

    African Equity Empowerment Investments Limited (“AEEI or “The Company” or “The Group”) is a majority black-owned and black-managed investment holding Company based in South Africa.

    The Group has investments in food and fishing, technology, health and biotherapeutics, events and tourism, all supporting Broad-based Black Economic Empowerment (BBBEE) and small, medium and micro- enterprises (SMMEs). The Group also holds strategic investments in British Telecoms South Africa, Saab Grintek Defence, Pioneer Foods and Sygnia Limited, some with international partners.

    Our growth strategy is underpinned by our diverse portfolio and is reflected in our results. This growth strategy has laid a strong foundation for the next phase of the AEEI’s Group’s evolution which is reflected in achievements in terms of Vision 2020 Vision.

    AEEI’s primary market remains in South Africa; however, we continue to expand into the rest of Africa. Outside of South Africa we have a market presence in Asia, America, Africa, Europe, Dubai, United Kingdom, Zambia, Ghana, Uganda, Cameroon, Australia, Zimbabwe, Tanzania, Nigeria, Kenya and Namibia through our subsidiaries.

    AEEI achievements:

    • 1st overall in the Empowerdex Top 100 Empowered Companies Award of 2016 ;
    • 1st overall in the Empowerdex Top 100 Empowered Management Award of 2016;
    • Ranked as a Top 10 JSE-listed Company in the Financial Mail’s Top 100 Companies for financial performance in 2016 and 2015;
    • Ranked in the Top 5 in 2016 and 10th overall in 2015 in the Sustainability Data Transparency Index by the Integrated Reporting and Assurance Services out of the top 500 JSE-listed companies. In 2014,
    • AEEI received the top award – Sustainability Data Transparency Index’s highest score in the Financial Services sector and was rated 16th overall. In 2013 AEEI was ranked 182 overall;
    • Impumelelo Certificate of Excellence Award – Top Empowered Companies – in recognition of our commitment to transformation for the 2015 year.

    Should you wish to set up an interview with Mr Khalid Abdulla, contact:

    Feroza Petersen | Communications & Marketing manager

    Tel:          + 27 21 427 1400
    Mobile: +27 82 801 3919
    www.aeei.co.za

    More about Kalula Communications:

    HEADSETS SOLUTIONS

    HeadsetSolutionsSpotClogo [Converted] (1)

    Kalula Communications (Pty) Ltd, trading as HEADSETS SOLUTIONS was founded in 1990. Kalula Communications (Pty) Ltd is an authorised importer and distributor of the Plantronics, Aastra and Konftel, product ranges.

    PLANTRONICSPlantronics

    Plantronics designs HEADSETS for a wide range of devices, including phones, laptops, handhelds, entertainment and music devices. Its offerings enhance a variety of applications across numerous markets, including the office, personal mobile, contact center, gaming, entertainment, residential, a wide spectrum of wireless markets and cutting edge VoIP applications.

    KONFTELKonftel

    Konftel is a worldwide leader in the manufacture of audio conferencing equipment and the inventor of audio conference technology. Konftel is the fastest growing brand in Europe, Headquartered in Sweden KONFTEL conference phones are used with IP/SIP, wireless, analogue, and mobile (SIM) and VOIP environments. KONFTEL recently introduced the world’s first and only GSM/3G conference phone for complete flexibility and convenience and also plays an important part of the Nobel Prize Award ceremony each year when the winners are notified of their awards via a Konftel 300 – no matter where they are in the world!

    MITELmitel

    Mitel is a leading company at the forefront of the enterprise communication market around the world. Mitel develops and delivers innovative communications products and applications for businesses such as standalone IP phones optimized for use with Microsoft® Lync™.

    Should you wish to set up an interview with Mr Tony Brown, contact:

    Delicia van Niekerk | PA to Mr Tony Brown, CEO of Headset Solutions
    Telephone: 021 840 2200
    Email:
    delicia@headsetsolutions.co.za
    www.headsetsolutions.co.za

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  • AEEI IN FINAL PREPARATION TO LIST ITS FISHING DIVISION ON THE JSE MAIN BOARD

    22 November 2016
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    JSE-listed African Equity Empowerment Investments Limited (AEEI), a diversified investment empowerment company, as part of its Vision 2020 Vision, announced that it will be listing its Premier Food and Fishing division by mid-2017.

    The AEEI board released a SENS announcement that it had approved a proposal to list Premier Food and Fishing and has started a roadshow to potential investors. It is anticipated that subject to market conditions the listing will be completed within the first quarter of 2017.

    Often spoken about by Chief Executive Officer of AEEI Mr Khalid Abdulla at media interviews and presentations, it seems that AEEI is focussed on delivering on their Vision 2020 Vision and building sustainable value for all its stakeholders by amongst other, separately listing certain of its sectors i.e. its Food and Fishing and IT divisions.

    At the recent announcement of AEEI’s 2016 financial year-end results, the Premier Food and Fishing surpassed expectations by increasing its operating profit by 37% due to increased  sales volumes, achieving better pricing, good catch rates, efficient vessel scheduling and utilisation, specifically in its south and west coast rock lobster, pelagic, squid and abalone sectors.

    This is mirrored in Premier Food and Fishing’s growth in revenue from R348m to R401m, increasing operating profit for the year from R56m to R74m and continuing to generate strong cash flows in line with profitability.

    Premier Fishing (Premier) is the largest black owned and managed food and fishing company in South Africa and has been in existence since 1952. It holds medium to long term quotas in south and west coast rock lobster, squid, pilchards, hake, and environmentally friendly agri-biotechnology products and also boasts its own abalone farm which currently produces about 15% of the South African farmed abalone.

    The abalone farm is based on sustainable fishing for the future and is a high growth area for further investment. In October 2016 the farm received its Environmental Impact Assessment (EIA) approval for plans to further expand its farm capacity from 120 to 320 tonnes. The expansion of the abalone farm is expected to commence during 2017.

    Premier is a vertically integrated food and fishing company which manages and controls a large portion of its value chain related to its fishing species, which includes harvesting, processing, marketing, sales and distribution.

    Premier has shown consistent organic growth over the past 5 years, achieving annual growth of more than 20% year on year.

    Premier is exceptionally well-positioned for both medium to long term quota allocations as a result of its overall empowerment credentials, investment in the industry, sustainable job creation as well as community building. Premier holds quotas in 6 of the available 22 sectors in the market which equates to approximately 5% of the total South African market. The company has the  potential to further increase its market share in South Africa.

    All due processes are in progress and Premier is in the final stages of preparing the business for the JSE requirements for listing, hence the current roadshows that are taking place. AEEI is optimistic about the outcome of the market-sounding roadshow and will be sharing pertinent details of the next phase with the market at the appropriate time.

    The food sector in South Africa is seen as a high growth area and is key due to sustainability and future food security. Premier has significant exports which makes it attractive as a Rand/Dollar hedge.

    AEEI, the majority shareholder of Premier Food and Fishing recently received awards from Empowerdex as the Most Empowered Company and the Most Empowered Management; and is also a Top 10 JSE listed company for financial performance in the Financial Mail’s top 100 JSE listed companies.

    African Equity Empowerment Investments Limited (AEEI) is a listed entity on the Johannesburg Stock Exchange (JSE) since 1999 and holds strategic investments, some with international partners, as well as operational investments in food & fishing, technology, health care & biotherapeutics and events and tourism.

    AEEI is recognised by its peers as a successful pioneer in promoting the interests of HDIs and previously marginalised communities. The Group’s commitment to transformation, including employment equity, skills and enterprise development, as well as corporate social investment, makes it a role model for BBBEE.

    AEEI is an exporter and generates a significant portion of income in foreign currency and also has stakes in British Telecommunications South Africa and SAAB SA.

    AEEI achievements:

    • 1st overall in the Empowerdex Top 100 Empowered Companies Award of 2016 ;
    • 1st overall in the Empowerdex Top 100 Empowered Management Control Award of 2016;
    • Ranked as a Top 10 JSE-listed Company in the Financial Mail’s Top 100 Companies for financial performance in 2016 and 2015;
    • 10th overall in 2015 in the Sustainability Data Transparency Index by the Integrated Reporting and Assurance Services out of the top 500 JSE-listed companies. In 2014, AEEI received the top award – Sustainability Data Transparency Index’s highest score in the Financial Services sector and was rated 16th overall. In 2013 AEEI was ranked 182 overall;
    • A finalist in the Top Empowered Business of the Year Award at the Annual Oliver Empowerment Awards in 2015; and
    • Impumelelo Certificate of Excellence Award – Top Empowered Companies – in recognition of our commitment to transformation for the 2015 year.

    For further information and to schedule interviews with the CEO Mr Khalid Abdulla, or with Mr Samir Saban, CEO of Premier Fishing, contact:

    Feroza Petersen  | Communications and Marketing Manager
    Email:      Feroza@aeei.co.za | Tel:  +27 21 427 1400  |  Mobile:   +27 82 801 3919
    Web:       aeei.co.za

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  • AEEI SETS NEW RECORD WITH FINANCIAL YEAR END RESULTS SOARING WITH 53% INCREASE IN OPERATING PROFIT AND 24% INCREASE IN NAV

    22 November 2016
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    Highlights
    -           Revenue increased by 12% from R 672m to R752m
    –           Operating profit increased by 53% from R 186m to R285m
    –           Earnings per share increased by 43% from 31.12 cents to 44.09 cents
    –           Headline earnings per share increased by 39% from 31.06 cents to 43.13 cents
    –           Total assets increased by 26% from R1 345m to R1 691m
    –           Net Asset Value (NAV) increased by 24% from R805m to R1 001m
    –           Net cash generated from operating activities increased by 47% from R51m to R75m
    –           A dividend increase of 32% approved for February 2017 distribution to shareholders

    JSE-listed African Equity Empowerment Investments Limited (AEEI), a diversified operations and investment company, today announced record turnover and excellent earnings growth as a result of contributions from all its underlying operations and investments for the year under review.

    With its implementation of “Vision 2020 Vision” strategic plans and the resultant strong contributions from all its underlying operations and investments in this financial year, the AEEI Group confirmed that its revenue increased by 12 percent from R672m to R752m driven in the main by organic growth and the expansion of its operations into new markets.

    Mr Khalid Abdulla, Group Chief Executive Officer of AEEI said: “The 2016 financial year was filled with global and local challenges across all fronts –  political, economic and social – but we buckled down, remaining singularly focused on reaching our pre-identified goals”.

    The approach clearly worked with the Group’s operating profit soaring by 53 percent from R186m to R285m.

    Basic earnings per share increased by 42 percent from 31.12 cents to 44.09 cents, while headline earnings per share increased by 39 percent from 31.06 cents to 43.13 cents.

    AEEI’s strategic intent to increase its asset base is evident in the Group’s total assets, which increased by 26 percent from R1 345m to R1 691m as a result of growth in our operational and strategic assets as well the acquisitions in Saab Grintek Defence and Sygnia Limited, which were finalised during the year under review.

    The Net Asset Value (NAV), increased by 24 percent from R805m to just over R1 billion as NAV per share increased by 29 percent from 144.93 cents to 186.52 cents compared to last year.

    As a result of the solid financial performance from the underlying divisions and sectors, net cash from operations increased by 43 percent from R51m to R75m.

    Dividends declared increased by 32% from 2.5 cents to 3.30 cents per share.

    The Food and Fishing division also surpassed expectations by increasing its sales volumes and achieving better pricing, good catch rates, efficient vessel scheduling and utilisation, specifically in its south and west coast rock lobster, pelagic, squid and abalone sectors. This is evident in the food and fishing division’s significant growth in revenue of 15% from R349m to R401m and operating profit increasing to R75m compared to the prior year of R68m.

    The Technology division’s revenue was steady at R215m from its underlying operations, which is in line with their budget. There was, however, pleasing growth in its operating profit since the organic growth is mainly annuity income and  due to efficiencies as well as the completion of its hospital information system implementation to over 230 pathology laboratories in South Africa as well as in two laboratories in Tanzania.

    The Technology division has also started its further growth plans by concluding two transactions post balance sheet date. These acquisitions will see the Technology division double in size with additional revenue of over R200m annually, bringing the expected revenue for the Technology division for 2017 to greater than R400m. It appears that the group is starting to flex its muscle for exponential growth.

    As alluded previously, AEEI is preparing to separately list its Food and Fishing as well as its Technology divisions in future. This will be accomplished by the goals as set out in the Group’s “Vision 2020 Vision” strategy, which amongst others, remains core to all companies within the Group to create shareholder value.

    A key milestone for Genius Biotherapeutics was the Dendritic Cell Vaccine Technology (DCV) project and the submission of the clinical trial application to the Medical Control Council (MCC) in 2016. Human trials are expected to commence during 2017.

    The AEEI Events and Tourism division delivered excellent revenue growth by achieving a 30 percent increase in revenue from R98m to R127m, partially as a result of a new owned event launched by espAfrika – The “Royal Escape Experience”, as well as Tripos Travel’s broadened scope into the leisure travel industry.

    espAfrika hosted another successful Cape Town international Jazz Festival (CTIJF) and was voted one of the World’s Best Festivals by FEST 300 and voted the Best Festival in Cape Town in a local festival poll (OFLOCAL) during 2015/2016.

    On yet another musical note, Magic 828 radio station, launched on 01 October 2015 is operating smoothly, having recently celebrated its first anniversary. The focus through the year shifted from operations to marketing and exploring various offerings to increase advertising revenue.

    Tripos Travel continues to increase their percentage market share of business and leisure travel as well as tours and this will aid in increasing their margins going forward. The business now has an efficient base and stable business model with available capacity which can now be leveraged to grow profitability.

    British Telecoms South Africa (BTSA), Pioneer Foods Group Limited (Pioneer), Sygnia Limited (Sygnia) and Saab Grintek Defence (SGD) currently form the strategic investment arm of AEEI.

    The fully-paid up investment in BTSA is well positioned to grow consistently over the next few years. Earnings grew consistently and a dividend was received in the current year and is expected to continue in the foreseeable future.

    AEEI’s investment in Pioneer performed well overall since the date of acquisition. However, owing to the drought and market perception of the possible impact thereof, the share price was under pressure and we believe this to be a temporary decline. The share value has subsequently shown an improvement at reporting date.

    The investment in Sygnia was acquired on 14 October 2015 and the value thereof subsequently appreciated by 80% during the year. A maiden dividend was received from Sygnia. Dividend income is expected to continue annually.

    AEEI’s equity interest of 25% plus 1 share in SGD has positively impacted the Group’s balance sheet by meeting the strategic objective to increase the asset base and by leveraging the existing strategic investment portfolio. This investment provided a healthy dividend return during the year and it is expected to continue annually.

    The consistent year on year display of the excellent financial performance and the steady growth of the Company’s share price should confirm to the market that AEEI, with its diversified operations and investment portfolio, strong BBBEE credentials and local and international growth, is a Company worth investing in.

    Abdulla remarked, “We have been especially fortunate to exceed our targets for the year as a result of greater revenue growth achieved from the Food and Fishing, Technology and Events and Tourism divisions. This year, our strategy to achieve consistent organic growth with the reinvestment into our businesses as well as the strategic acquisitions we have made are consistent with our overall objective of building a sustainable high-growth Company for the future which is now reflected in our financial results.”

    Looking ahead, AEEI now has a solid balance sheet with improved cash flow.

    “Our business model is on a firm growth path and we continue to add value for our stakeholders and shareholders. Additionally, there have been further acquisitions in our Technology sector that were finalised post financial year end and we are anticipating further deals in the not too distant future”, says Abdulla.

    Non-executive chairman, Professor Vukile Mehana said, “I am particularly proud of AEEI’s financial performance. The latter half of this financial year was spent feverishly working toward attaining critical mass, with the determination to list the Food and Fishing and the Technology divisions within the next 3-5 years. Despite the economic instability experienced globally, AEEI has a good balance of local and exported products and services in its Group, enough to balance the probability of the impact of external challenges that are beyond our control. Our “Vision 2020 Vision” is in action mode.”

    Not only has the Group’s financial performance exceeded expectations, but other performance measures were recognised with a number of industry awards. AEEI is the only Company to receive three prestigious awards in as many months.

    AEEI was recently recognised by Empowerdex in its annual benchmark of JSE Listed companies as the Most Empowered Company, the Most Empowered Management Control, and was also listed by the Financial Mail as a Top 10 Performer on the JSE for financial performance. AEEI is ranked amongst the Top 10 places for the IRAS highest SDTI score for governance as well.

    Abdulla continues, “We are deeply honoured to have been recognised for our efforts with these awards, testament to our commitment to Broad Based Black Economic Empowerment, Enterprise Development and delivering strong financial performance with a holistic and sustainable business model”.

    “The Group is on a positive trajectory and I and my executive team are excited and confident that we will continue to grow the business over the medium to long term,” concludes Abdulla.

    African Equity Empowerment Investments Limited (“AEEI or “The Company” or “The Group”) is a majority black-owned and black-managed investment holding Company based in South Africa.

    The Group has investments in food and fishing, Technology, health and biotherapeutics, events and tourism, all supporting Broad-based Black Economic Empowerment (BBBEE) and small, medium and micro enterprises (SMMEs). The Group also holds strategic investments in British Telecoms South Africa, Saab Grintek Defence, Pioneer Foods and Sygnia Limited, some with international partners.

    Our growth strategy is underpinned by our diverse portfolio and is reflected in our results. This growth strategy has laid a strong foundation for the next phase of the AEEI’s Group’s evolution which is reflected in achievements in terms of “Vision 2020 Vision”.

    AEEI’s primary market remains in South Africa; however, we continue to expand into the rest of Africa. Outside of South Africa we have a market presence in Asia, America, Africa, Europe, Dubai, United Kingdom, Zambia, Ghana, Uganda, Cameroon, Australia, Zimbabwe, Tanzania, Nigeria, Kenya and Namibia through our subsidiaries.

    AEEI achievements:

    • 1st overall in the Empowerdex Top 100 Empowered Companies Award of 2016 ;
    • 1st overall in the Empowerdex Top 100 Empowered Management Award of 2016;
    • Ranked as a Top 10 JSE-listed Company in the Financial Mail’s Top 100 Companies for financial performance in 2016 and 2015;
    • 1st overall in 2016 and 10th overall in 2015 in the Sustainability Data Transparency Index by the Integrated Reporting and Assurance Services out of the top 500 JSE-listed companies. In 2014, AEEI received the top award – Sustainability Data Transparency Index’s highest score in the Financial Services sector and was rated 16th overall. In 2013 AEEI was ranked 182 overall;
    • Impumelelo Certificate of Excellence Award – Top Empowered Companies – in recognition of our commitment to transformation for the 2015 year.

    For more information, visit www.aeei.co.za

    Should you wish to set up an interview with Mr Khalid Abdulla, contact:

    Feroza Petersen | mobile:   082 801 3919 | email: feroza@aeei.co.za | aeei.co.za
    Group Communications and Marketing manager
    AEEI

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  • AEEI BOOSTS ITS TECHNOLOGY BUSINESS BY ACQUIRING 57% MAJORITY STAKE IN PULENG TECHNOLOGIES (PTY) LTD

    22 November 2016
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    R97A7814

    Cape Town, 25 October 2016 – Recognised as a top performing financial and top BBBEE JSE–listed Company, African Equity Empowerment Investments Limited (AEEI), today announced that the Company had acquired a majority shareholding of 57-percent equity, in Puleng Technologies (Pty) Ltd (Puleng) an Information Communications Technology (ICT) company.

    The acquisition of Puleng, meaning ‘Rain’ or ‘Good Fortune’ in Tswana is effective 1 October 2016 which serves as further evidence of AEEI’s resolve to implement the objectives of its ‘Vision 2020 Vision’ strategic roadmap, which sees it continuing to grow its underlying assets and investments.

    Puleng provides its customers with a client-centric strategy to manage and secure the two most valuable assets an organisation has, namely its ‘data’ and ‘users’. It does so while facilitating IT and businesses with a platform to build an efficient, collaborative Governance, Risk and Compliance (GRC) programme that addresses IT risks facing businesses today.

    To further enhance its strategy, Puleng provides Converged Infrastructure Platforms (CIPs), which allow a leveraging of core competitive advantages across a Customer’s computer, Security, Storage, and Virtualisation and Management disciplines.

    Group Chief Executive Officer of AEEI, Mr Khalid Abdulla, commented, “We welcome Puleng to the AEEI stable. The deal is significant for AEEI with its estimated additional R200 million annual revenue to the Group which will complement and grow our technology division with additional technical skills across the Group, innovation, world-class support to AEEI’s clients and strong returns on investments.

    “AEEI’s acquisition of Puleng falls within the Group’s Vision 2020 Vision strategy to deliver value for our stakeholders and is an important breakthrough in our growth plans for our Technology division in preparation for a planned listing within the next three to five years. The key to the success of our Vision 2020 Vision strategy is our ability to implement and add long-term value in the businesses that we invest in,” continued Abdulla.

    Puleng’s Managing Director, Mr Paul Thompson said: “This partnership is critical to Puleng, which after 12 years of remarkable organic growth, is now focused on the next level of development. Puleng’s agility and sensitivity to its current and future market trends will enable it to leverage AEEI’s enviable presence, reputation and position in the market, which also provides us a platform for future exponential growth for the benefit of all concerned. “

    It is anticipated that AEEI’s investment into Puleng Technologies will have a pay-back period of three to four years. This ‘payback’ excludes the anticipated exponential capital appreciation expected from this investment.

    The purchase consideration for the transaction was concluded partly in issuing shares in AEEI’s subsidiary and technology holding company – this adds to the sentiment that the Puleng shareholders believe in and are committed to this division’s growth and future plans which includes a separate listing. Investment in Puleng is set to significantly increase the revenue of AEEI’s current technology division and contribute to growing the IT sector as well as Group’s overall bottom line.

    According to Abdulla, “A sizeable percentage of AEEI’s value now resides now in its technology division.  This deal with Puleng is another indication of how our ambition to realise the goals and objectives that we have set out in our Vision 2020 Vision strategy, are coming to fruition.”

    As testament to its future-thinking approach and its ability to deliver, AEEI was recently recognised by Empowerdex in its annual benchmark of JSE Listed companies as the Most Empowered Company, the Most Empowered Management Control, and was also listed by the Financial Mail as a Top 10 Performer on the JSE for financial performance. AEEI is ranked amongst the Top 10 places for the IRAS highest SDTI score for governance as well.         AEEI’s financial year-end results to 31 August 2016 will be presented to the market on 26 October 2016.

    African Equity Empowerment Investments Limited (“AEEI or “The Company” or “The Group”) is a majority black-owned and black-managed investment holding Company based in South Africa.

    The Group has investments in food and fishing, technology, health and biotherapeutics, events and tourism, all supporting Broad-based Black Economic Empowerment (BBBEE) and small, medium and micro enterprises (SMMEs). The Group also holds strategic investments in British Telecoms South Africa, Saab Grintek Defence, Pioneer Foods and Sygnia Limited, some with international partners.

    Our growth strategy is underpinned by our diverse portfolio and is reflected in our results. This growth strategy has laid a strong foundation for the next phase of the AEEI’s Group’s evolution which is reflected in achievements in terms of Vision 2020 Vision.

    AEEI’s primary market remains in South Africa; however, we continue to expand into the rest of Africa. Outside of South Africa we have a market presence in Asia, America, Africa, Europe, Dubai, United Kingdom, Zambia, Ghana, Uganda, Cameroon, Australia, Zimbabwe, Tanzania, Nigeria, Kenya and Namibia through our subsidiaries.

    AEEI achievements:

    • 1st overall in the Empowerdex Top 100 Empowered Companies Award of 2016 ;
    • 1st overall in the Empowerdex Top 100 Empowered Management Award of 2016;
    • Ranked as a Top 10 JSE-listed Company in the Financial Mail’s Top 100 Companies for financial performance in 2016 and 2015;
    • 1st overall in 2016 and 10th overall in 2015 in the Sustainability Data Transparency Index by the Integrated Reporting and Assurance Services out of the top 500 JSE-listed companies. In 2014, AEEI received the top award – Sustainability Data Transparency Index’s highest score in the Financial Services sector and was rated 16th overall. In 2013 AEEI was ranked 182 overall;
    • Impumelelo Certificate of Excellence Award – Top Empowered Companies – in recognition of our commitment to transformation for the 2015 year.

    Should you wish to set up an interview with Mr Khalid Abdulla, contact:

    Feroza Petersen | Communications & Marketing manager

    Tel:          + 27 21 427 1400
    Mobile: +27 82 801 3919
    www.aeei.co.za

    More about Puleng Technologies

    Puleng technologies is a proudly South African BBEEE Level Two ICT company with roots firmly planted around building local expertise and providing our customers with “Project Success” linked to the solutions we design and support.

    The Puleng Blueprint will provide our customers with a client centric strategy to manage the two most valuable assets an organisation has its “Data” and “Users”, while facilitating IT and Business with a platform to build an efficient, collaborative Governance, Risk, and Compliance (GRC) program to address the IT risks facing businesses today.

    Our emphasis remains is to provide organisations with solutions that automate, integrate and drive higher levels of efficiencies while mitigating risks across an organisation. The ability to offer value to our customers will be through higher levels of consultancy, design principals and understanding of a customer’s business drivers and stated strategies supplied by local talent.

    The Puleng Technologies brand continues to gather momentum and is synonymous with “Project success”, technical excellence and agility. We continue to provide our customers with technical leadership, strong returns on their investments, innovation and above all world-class support.

    Puleng Technologies continues to push the boundaries of innovation, ready to make prompt decisions on adapting our portfolio and skills in order to continue to differentiate against our competition while ensuring our Professional Services business remains highly skilled and agile.

    Should you wish to set up an interview with Mr Paul Thompson:

    Mr Paul Thompson | Managing Director

    Mobile:   +27  83 501 7243
    www.puleng.co.za

     

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  • AFRICAN EQUITY EMPOWERMENT INVESTMENTS LTD (AEEI) SCOOPS PRESTIGIOUS EMPOWERMENT AWARD

    22 November 2016
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    AFRICAN EQUITY EMPOWERMENT INVESTMENTS LTD (AEEI) SCOOPS PRESTIGIOUS EMPOWERMENT AWARD

    JSE listed African Equity Empowerment Investments Limited (AEEI) was lauded as it claimed First Place at the prestigious Independent/Empowerdex Top 100 Companies 2016 Awards ceremony, held on 6 October 2016.

    As chief executive officer of one of South Africa’s largest black economic empowered investment companies, Mr Khalid Abdulla received the award on behalf of AEEI with delight and said, “It is with great honour and humility that I accept this award on behalf of all at AEEI. Since the company’s inception, we have been working hard at becoming the top black economic empowerment company in the country. It is truly gratfiying to know that our hard work has officially been recognised, while also being acknowledged by our peers as a pioneer in promoting the interests of Historically Disadvantaged Individuals and previously marginalised communities.”

    IMG_2357

    AEEI has been rated as a Level 1 Broad Based Black Economic Empowerment company because:

    • It is a majority black-owned and black controlled investment holding company based in South Africa;
    • It posts top consistent, financial performance based on profitability, asset growth and cash generation;
    • It holds a diversified porfolio of strategic investments, some with international partners as well as investments in food and fishing, technology, health and biotherapeutics, biotechnology and enterprise development supporting BBBEE and small, medium and micro enterprises (SMMEs);
    • It is a company that also has strong roots among historically disadvantaged individuals (HDIs) and community organisations, many of whom form the majority of the Group’s shareholder base.
    • Has Black ownership that exceeds 80% – of which 30% are women, and the majority of its economic benefits are enjoyed by black stakeholders.

    Joining Abdulla at the awards ceremony was Reverend Professor Vukile C Mehana, non-executive chairman of the board of AEEI. Smiling broadly, Mehana said: “The successful story of African Equity Empowerment Investments Ltd (AEEI) in the Top 100 Empowered awards rankings, underlines two important points; The first is that with vision, careful planning and determination, it is more than possible to develop a strong team of black managers, especially when the leadership itself takes ownership for human skills development and growth. The second is that transforming a company is much easier to execute when the organisation is financially thriving and an inclusive business model is adopted and shared by everyone in the organisation. Without our focus on BEE and on our people, we would not be in the position we are today – and it’s a great feeling!”

    All the AEEI Group subsidiaries and operations have shown consistent good profits and an increase in asset value and cash flow. Operations in marine and IT have shown outstanding performances due to strategies to extract efficient organic growth and synergies within the broader Group.

    The Group’s growth also includes strategic investments in British Telecomms, SAAB Grintek Defence, the listed financial services company Sygnia Asset Management and Pioneer Foods.

    BROAD BASED BLACK ECONOMIC EMPOWERMENT

    VERIFICATION CERTIFICATE

    as at November 2015 to October 2016

    Weighting
    ELEMENTS POINTS ACTUAL SCORE
    Ownership 25 25.00
    Management Control 19 16.74
    Skills Development 20 25.00
    Enterprise and Supplier Development 40 30.73
    Socio-Economic Development 5 5.00
    Total 109.00 102.47

     

    Broad based BBBEE Status level Level 1
    BBBEE Procurement Recognition Level 135%
    Black Ownership 83%
    Black Women Ownership 36.2%

    Abdulla concluded by remarking: “To the best of our knowledge, AEEI is the only successful black economic empowerment company to be awarded not one, but two BEE Top Company awards in as many months. We are truly honoured to be recognised in the market place for our BEE status, and our continued financial growth and asset base that increases our shareholder value year on year. We thank all our stakeholders, board members, executive management team and our employees for their contribution to this award, wihtout whom none of this would have been possible and with whom, we can look forward to even greater things.”

     

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  • AEEI Locked And Loaded

    18 November 2016
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  • PFSA Roadshow November 2016

    16 November 2016
    315 Views
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