• Khalid Abdulla is business leader of the year at the AABLA

    29 September 2017
    122 Views
    Comments are off for this post

    Download (PDF, 481KB)

    View the article in full on IOL by clicking here.

    Continue Reading
  • African Equity Empowerment Investments Limited Grows It’s Health Division by Acquiring Orleans Cosmetics (pty) Ltd

    15 September 2017
    144 Views
    Comments are off for this post
    Continue Reading
  • Premier Food and Fishing Shareholders Approve Name Change to Premier Fishing and Brands Limited

    15 September 2017
    122 Views
    Comments are off for this post
    Continue Reading
  • UPDATED NOTICE TO THE SHAREHOLDERS OF SEKUNJALO TECHNOLOGY SOLUTIONS LIMITED

    3 July 2017
    356 Views
    Comments are off for this post
    Continue Reading
  • Khalid Abdulla: AEEI CEO awarded the Driver For Change Award

    1 July 2017
    311 Views
    Comments are off for this post

    African Equity Empowerment Investments Limited (AEEI) Group’s chief executive officer, Khalid Abdulla, was honoured as a winner of South Africa’s Future Makers:  “Driver for Change Award” at the inaugural Vision 2030 Awards.

    To read the article in full on IOL click here.

    Alternatively view the full article in business report:

    Download (PDF, 414KB)

     

    Continue Reading
  • 100 000 REASONS TO PLAY GOLF

    30 May 2017
    424 Views
    Comments are off for this post

    R100 000 DONATED TO KHAYELITSHA HOSPITAL

    Cape Town, 25 May 2017 – The Khayelitsha community was in high spirits today as JSE-listed AEEI, a diversified investment and empowerment company, and HST, a leading and specialist provider of optimised and integrated healthcare and hospital ICT solutions in South Africa donated R100 000 (one hundred thousand rand) to the Khayelitsha Hospital.

    AEEI 100 reasons to play golf

    From left to right: Craig Braaf of HST; Ian Devega, Western Cape Government; Zolile Feni, Chairman of the Hospital Board; Dr Anwar Kharwa of Khayelitsha District Hospital; Khalid Abdulla, Group CEO of African Equity Empowerment Investments Limited with Gerrit Henning, Managing Director of Health Systems Technologies.

    Group Chief Executive Officer of AEEI, Khalid Abdulla said, ”AEEI has an active corporate social investment programme with special focus areas that have an impact on individual and societal development. Our contribution is part of our effective stakeholder value creation and socio-economic needs of the country and especially the communities in which the Company conducts its business. Together with HST, our focus is mainly the hospitals and clinics in which we do business and add value”.

    The money was raised at the 14th AEEI/HST Charity Golf day, an event that takes place annually to sponsor a specific state hospital and /or clinic throughout the Western Cape which is in dire need of further financial assistance to improve facilities and to enhance patient care.

    Zolile Feni, Hospital Board Chairperson said,” The department, the hospital board and management thanks AEEI and HST sincerely for this donation on behalf of the Khayelitsha community. The donation will contribute immensely to the well-being of the community.”

    Abdulla adds, “The AEEI/HST Charity Golf Day raised more than R1 million over the past few years, which has benefited various Western Cape state hospitals and clinics. These include: Groote Schuur Neo-natal Unit, Brooklyn Chest, Somerset, DP Marias, Helderberg, Clanwilliam, GF Jooste, Mowbray Maternity, Victoria, Westfleur, Prince Albert District and Caledon Hospitals and Clinics.

    Last year we also donated R100 000 to Lentegeur Hospital and they used the funds to improve its infrastructure.”

    HST is proud to have been part of Khayelitsha Hospital’s remarkable success story to date as the technology partner by supplying their Hospital Information System needs.

    “The handing over of this cheque is indicative of AEEI and HST’s commitment to continually plough back into the hospitals that we support, which in turn enables the hospitals to provide an even better service and patient experience,” said Gerrit Henning, Managing Director of HST.

    Khayelitsha hospital was officially opened in 2012, has 300 beds and provides support to the surrounding communities through primary healthcare facilities to ensure that patients receive care.

    Abdulla concludes, ”We wish to thank all the doctors, nurses and staff for their dedication and commitment to the communities by carrying out their duties sometimes tirelessly. AEEI and HST also acknowledge and congratulate the Khayelitsha Hospital’s board and management for the remarkable role that the hospital plays in providing top quality healthcare services to an extremely impoverished community.”

    For further information or to arrange an interview with:

    Khalid Abdulla, please contact:
    Feroza Petersen
    Communication and marketing manager
    Tel: 021 427 1400 | Email: Feroza@aeei.co.za

    Continue Reading
  • POWA FM INTERVIEWS KHALID ABDULLA ON STELLAR RESULTS

    12 May 2017
    444 Views
    Comments are off for this post

    Continue Reading
  • AEEI FLYING HIGH AS INTERIM PROFITS EXCEED EXPECTATIONS AND DECLARES MAIDEN DIVIDEND

    12 May 2017
    445 Views
    Comments are off for this post

    IMG_6639

    2017 Interim Results

    Salient features
    -           Revenue increased by 47% from R305m to R449m
    –           Operating profit increased by 145% from R74m to R181m
    –           Earnings per share increased by 110% from 14.04 cents to 29.48 cents
    –           Headline earnings per share increased by 111% from 14.02 cents to 29.53 cents
    –           Total assets increased by 20% from R1 535m to R1 841m
    –           Net Asset Value (NAV) increased by 34% from R847m to R1 138m
    –           Net cash generated from operating activities increased by 21% from R29m to R35m
    –           Maiden interim dividend of 2.00 cents declared

    JSE-listed African Equity Empowerment Investments Limited (AEEI), a diversified investment and empowerment company today announced outstanding interim results for the six months ended 28 February 2017, with excellent revenue and profit growth from all its divisions which were garnered organically and from its acquisitions.

    Continuing to adhere to its Vision 2020 Vision strategy plan, the Group’s revenue increased by 47% from R305m to R449m.  This was mainly due to the significant revenue from its Technology division through organic growth and its acquisition of two companies, and its fishing division’s organic growth despite the economic environment it operated in.

    Profit before tax for the period increased by 150% from R74m to R185m with improved positive returns from our Group’s diversified operations and investment portfolio.

    Headline earnings per share increased by 111% from 14.02 cents to 29.53 cents, and earnings per share increased by 110% from 14.04 cents to 29.48 cents for the period under review.

    AEEI’s strategic intent to grow its asset base is evident in the increase of the Group’s total asset base by 20% from R1 535m to R1 841m as a result of the success in its operational performance as well as its investments.

    “The Group remains on a positive trajectory and I am delighted that we are able to continue improving our financial performance year on year, while driving sustainable returns for all stakeholders. We have been fortunate to meet, and in some instances, exceed, our targets for the half year results”, stated Khalid Abdulla, Group Chief Executive Officer of AEEI, as he announced the interim results.

    Particularly pleasing to Abdulla is the Group Net Asset Value (NAV), which increased by 34% from R847m to R1 138m as a result of the excellent operational performance of all AEEI’s underlying operations and investments.  NAV per share increased by 38% from 156.47 cents to 216.47 cents.

    “Further, as a result of the solid financial performance from the underlying businesses, net cash generated from operating activities increased by 21% from R29m to R35m for the period under review,” added Abdulla.

    “I am also extremely pleased to announce a maiden interim dividend of 2.00 cents per share. This adds to the 3.30 cents we paid for the August 2016 financial year-end.”

    The Food and Fishing division achieved a solid performance for the six months ended 28 February 2017. Increased sales volumes in the lobster and squid businesses have contributed significantly to the strong performance and growth.

    Premier Food and Fishing’s Group Revenue increased by 7% to R170m to R182m compared to the prior period mainly as a result of increased sales volumes in the lobster and squid segments.

    The operating profit for PFF increased by 13% from R22m to R25m mainly due to operational efficiencies across all segments.  Due to the seasonal nature of the fishing industry, the profits in this division have a stronger financial performance during the second half of the year. Based on its pre-listing information as previously released, this division is well positioned to achieve forecasted returns and sustainable growth.

    The Information Communication Technology (ICT) division delivered strong organic growth, and through the acquisition of two IT companies, plus the incorporation of its investment in BT Communications Services (South Africa) under the IT division.

    This growth also bolstered its product portfolio and supported increased revenues – 119% from R107m to R234m  – and an increase in operating profit of 17% from R169m to R197m. The economy of scale is in line with AEEI’s Vision 2020 Vision’s strategic preparation for the potential listing of the ICT division. This division is on track for its listing plan within the short to medium term.

    The Health Care division focuses on the manufacturing, sales and marketing of an extensive range of natural products for the food, agriculture, hygiene and general health and beauty sectors.  The Health Care division achieved growth in revenue by increasing its footprint to new regions and promoting its product portfolio to other food and hygiene sectors.

    Genius Biotherapeutics (Genius), Africa’s largest medical biotechnology company, continues with its research and development activities.

    During this reporting period, Genius’ management team focused efforts on updating all regulatory requirements by employing the necessary human resources required to meet the stringent and necessary, Medicines Control Council compliance standards for production.

    Within the Events and Tourism division, espAfrika hosted yet another successful staging of the Cape Town International Jazz Festival, (it’s 18th edition), post the interim reporting period. In 2016 espAfrika also launched a new and wholly owned annual event, called “The Royal Escape Experience” which took place at Sun City and which will be held again in July 2017 this year. The company’s performance for the six months is in line with expectations, as espAfrika delivers most of its performance and operational outputs during the second half of the financial year.

    With less than 20 months in existence, radio station Magic 828, has increased its listenership by 43% in the Western Cape region to approximately 100 000 listeners.

    Tripos increased its market share since the previous period, with revenues increasing by 69% from R16m to R27m.

    The Group’s strategic investments consist of Pioneer Food Group (Pioneer), Sygnia Limited (Sygnia) and Saab Grintek Defence Propriety Limited (SGD), as well as British Telecoms SA, now managed under AEEI’s Technology division.

    AEEI has minority equity stakes in SGD, Sygnia and Pioneer and these investments have shown improvement in investment value since their date of acquisition. Consistent growth in earnings and regular dividends are received from all the strategic investments.

    Adbulla noted that: “The Group holds a 30% equity interest in BT. On 23 November, the Board of directors of BT was rearranged, which resulted in AEEI having the ability to participate in the policy and decision making processes, resulting in the Group obtaining significant influence. The impact of the change resulted in the investment being recognised as an associate for the interim period under review and going forward.“

    During the six months under review, AEEI, via its Technology division, acquired 51% of the equity and voting interests of Headset Solutions and a 57% equity and voting interest in Puleng Technologies.  These organisations have settled well and are meaningfully contributing to the division’s results.

    Headset Solutions trades in headsets and unified communication, which enhances the Group’s strategy to diversify its IT portfolio, while Puleng is involved with software development further complementing the Group’s other IT businesses.

    The Group’s consistent year on year display of excellent financial performance and the steady growth of the Company’s share price, along with its peer recognition, as seen in a slew of industry awards over the past 12 months, sends a strong message to the market that AEEI, with its diversified portfolio, strong BBBEE credentials and real potential for local and international growth, is a solid company worthy of serious attention.

    Non-executive chairman, Professor Vukile Mehana said: “I am proud of AEEI’s solid performance in an especially tough economic operating environment. The Group has made good on its promises to further improve shareholder value, especially through the listing of Premier Food and Fishing, and is working hard to, amongst other goals, attain critical mass for listing its Technology division in the short to medium term.”

    Abdulla concluded by saying: “Looking ahead, AEEI has a solid balance sheet and our cash flow has improved. Our business model remains on a firm growth path, investing not only in other companies and market strategies, but in our own people, that will assist us in continuing to deliver long-term value for our shareholders.

    “This reporting period, organic growth, continuous reinvestment and strategic acquisitions – with the objective of building a sustainable high-growth Company with shareholder value growth for the future – is now reflecting in the Group’s excellent financial performance.”

    More about African Equity Empowerment Investments Limited:

    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.

    Awards to date:

    • AEEI was recognised by Empowerdex in its annual benchmark of JSE listed companies as THE MOST EMPOWERED COMPANY under the amended codes;
    • AEEI was also recognised for its MOST EMPOWERED MANAGEMENT CONTROL
    • The Group was listed by the Financial Mail as a TOP 10 PERFORMER ON THE JSE FOR FINANCIAL PERFORMANCE
    • AEEI received the HIGHEST SUSTAINABILITY DATA TRANSPARENCY INDEX SCORE – FINANCIAL SERVICES – IRAS rated 1st in our Sector in the Sustainability Data Transparency Index and 3rd overall , up from 10th position; and
    • CEO Khalid Abdulla was named the TOP EMPOWERED BUSINESS LEADERS OF THE YEAR at the Oliver Empowerment Awards 2017

    For further information and to schedule interviews with the CEO Mr Khalid Abdulla, 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

    Continue Reading
  • INVESTMENTS INTERIM RESULTS EXCEED EXPECTATIONS AT AFRICAN EQUITY EMPOWERMENT INVESTMENTS LTD

    11 May 2017
    415 Views
    Comments are off for this post

    Salient features
    -           Revenue increased by 47% from R305m to R449m
    –           Operating profit increased by 145% from R74m to R181m
    –           Earnings per share increased by 110% from 14.04 cents to 20.48 cents
    –           Headline earnings per share increased by 111% from 14.02 cents to 20.53 cents
    –           Total assets increased by 20%  from R1 535m to R1 841m
    –           Net Asset Value (NAV) increased by 34% from R847m to R1 138m
    –           Net cash generated from operating activities increased by 21% from R29m to 35m

    JSE-listed African Equity Empowerment Investments Limited (AEEI), a diversified investment and empowerment company today announced outstanding interim results to 28 February 2017 with excellent revenue and profit growth as a result of strong contributions from all its underlying operations and investments for the interim period under review.

    With its implementation of Vision 2020 Vision strategy plans the AEEI Group confirmed that its revenue had increased by 47% from R305 million to R449 million mainly due to the significant growth in revenue from the technology division which is in line with its acquisition plans.

    “The 2016 Financial Year has been filled with global and local challenges on political, economic and social fronts, but at AEEI we remained steadfast and focused on reaching our goals. The Group is on a positive trajectory and I am delighted that we are able to demonstrate an improved financial performance, thereby driving sustainable returns for all stakeholders. 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, ”says Mr Khalid Abdulla, Group chief executive officer of AEEI as he announced the Group’s results today.

    “This year, the implementation of our strategy of organic growth, continuous reinvestment and strategic acquisitions with the objective of building a sustainable high-growth Company for the future, is now reflecting in the Group’s financial results, ” Abdulla added.

    Group earnings grew by 142% from R57 million to R138 million compared to the prior interim period.

    Headline earnings per share increased by 111% from 14.02 cents to 29.53 cents and earnings per share increased by 110% from 14.04 cents to 29.48 cents for the six months under review.

    Profit before tax for the period increased by 150% from R74 million to R185 million with improved returns from our diversified investment portfolio.

    AEEI’s strategic intent to increase its asset base is evident in the Group’s total asset base which increased by 20% from R1 535 million to R1 841 million mainly due to the increase in acquisitions and the increase in its investments since the comparative interim period. This is as a result of the acquisitions in Headset Solutions and Puleng Technologies during October and November last year.

    Additional acquisitions were made post interim results to end 28 February 2017 and is set to further grow AEEI’s asset growth.

    Net Asset value (NAV) increased by 34% from R847 million to R1 138 million as a results of excellent operations performance of all our underlying operations and investments, which was particularly pleasing for Abdulla. The NAV per share increased by 38% from 156.7 cents to 216.47 cents.

    Non-executive chairman, Professor Vukile Mehana said, “I am proud of AEEI’s performance in an especially tough operating environment. The Group has made good on its promises to further improve shareholder value through the listing of Premier Food and Fishing, and is working hard to, amongst other goals, attain critical mass for listing its Technology division shortly.”

    On 2 May, Premier Food and Fishing (PFF), the largest black-owned and controlled fishing company in South Africa, was listed on the main board of the JSE. The Company was able to raise capital in the amount of R526 million on the listing date through the issue of 117 million new shares to the public hence increasing the issued shares of the company from 143 million ordinary shares to 260 million ordinary shares in issue.

    Chief Executive Officer of PFF, Samir Saban, expressed that the capital raised would be used for the expansion of the company’s abalone farm, as well as for acquisitions of other fishing companies. The Group reported that the expansion of the abalone farm will commence shortly with the expansion of the farm from 100 tons to 300 tons.

    Premier Fishing submitted its long-term fishing rights for west coast rock lobster (WCRL), horse mackerel and hake inshore to the Department of Agriculture, Forestry and Fishing (DAFF) during February 2016. The company was successful in its application for horse mackerel and still awaits the outcome of its application for the WCRL fishing rights from DAFF.

    Abdulla added, “We are satisfied that  PFF is well positioned for organic and acquisitive growth to deliver the projected outlook for sustainable returns for all stakeholders in terms of its Vision 2020 Vision.”

    The Technology Solutions Group’s revenue increased by 17% from R185m to R216m on the back of the successful implementation of the Hospital Information and Laboratory Systems (HIS) project by Health Systems Technology (HST) in 230 pathology laboratories, which it concluded at the end of September 2015.

    The Technology Solutions Group grew its earnings and achieved excellent growth with its operating profits of R33m compared to R20m for the prior year. “We are working onxxxxxxxxxxxxxx

    The AEEI Events and Tourism’s division delivered excellent revenue growth by achieving a 15% increase from R97m to R126m as a result of a new event being launched and access into the leisure travel industry.

    The Royal Escape Experience is the first in a series of new ‘luxurious entertainment experiences’ and the revenue generated in this respect will reflect in the 2016/2017 Financial Year. The event

    received great feedback from corporate guests who attended and generated positive media responses.

    Since the launch on 1 October 2015, Magic 828 radio station is operating smoothly. The focus has shifted from operations to marketing and exploring various offerings and with revenue expecting to increase, they should break-even during this financial year.

    AEEI is actively engaging in a turnaround strategy for Tripos Tourism Investments. We plan to increase our percentage of leisure inbound travel as well as creating tours both in inbound and out which will aid in increasing our margins. The business now has an efficient base and stable business model with available capacity which can now be leveraged off to grow profitability.

    The Healthcare division, comprising Sekpharma (Pty) Ltd and Wynberg Pharmaceuticals (Pty) Ltd, focuses on the production of a diverse range of organic products in the agriculture and food sectors.

    Genius Biotherapeutics (Genius), formerly known as Bioclones (Pty) Ltd, is South Africa and Africa’s largest medical biotechnology company, with strategic interests in biogenetics and novel compounds. Medical protocols are being established and we are on the cusp of commencing with human clinical trials.

    STRATEGIC INVESTMENTS

    British Telecom Communications Services South Africa (BTSA), Saab Grintek Defense and Sygnia Asset Managers form the strategic investment arm of AEEI. The investment in BTSA is well positioned to grow consistently over the next few years.

    Saab is the South African operation of Swedish multi-national Saab AB, specialising in civil security and defence. AEEI is in the final stages of increasing its shareholding in Saab due to it being recognised as a value-adding partner of choice.

    Pioneer Food continues to bear fruit with exceptional results for the year under review.

    The company’s Vision 2020 Vision strategy introduced earlier this year is set to build the Group into reaching its growth objectives, with key performance indicators which include, amongst others, doubling of revenue, total assets, increasing operating profit sustainability, increasing operational cash flow and NAV.

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

    Abdulla concludes by saying, “Looking ahead, AEEI now has a solid balance sheet and our cash flow has improved. Our business model is on a firm growth path and we continue to add value for our shareholders”.

    “I am confident that because we have again built on our growth trajectory of profitability, our investment portfolio, strong cash flows and starting to consistently pay dividends to shareholders, we are well-positioned to further grow the business over the medium to long term,” concludes Abdulla.

    More about African Equity Empowerment Investments Limited:

    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.

    Awards to date:

    • Level 1 BBBEE status in terms of Broad based Black Economic Empowerment and Top most empowered company in its sector.
    • AEEI was rated 10th overall in 2015 in the Highest Sustainability Data Transparency Index Score by the Integrated Reporting Assurance Services – out of the top 500 JSE Listed companies. In 2014, AEEI received the Top Award – Highest Sustainability Data Transparency Index Score in the Financial Services and was rated 16th  In 2013 AEEI was ranked 182 overall.
    • AEEI received the Impumelelo Certificate of Excellence – Top Empowered Companies – in recognition of our commitment to transformation for the 2015 year.
    • Financial Mail’s Top JSE Listed Companies 2015 ranked AEEI 13th overall with a total score rating of 54,4 compared to the previous years 35,4.
    • AEEI was a Finalist in the Top Empowered Business of the Year Award at the 14th Oliver Empowerment Awards in 2015.

    For further information and to schedule interviews with the CEO Mr Khalid Abdulla, 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

    Continue Reading
  • PREMIER FOOD AND FISHING LIMITED IS RUNNING WITH THE SWELL WITH HEADLINE EARNINGS UP BY 33%

    10 May 2017
    361 Views
    Comments are off for this post
    Continue Reading