PAGE CTICCSTRAP AGM
Cape Town International Convention Centre 2 entrance.
Facing an ever-changing future with hope and optimism The Board and shareholders attending the CTICC Annual General Meeting (AGM) heard an inspirational account of how, during unprecedented times, the Cape Town International Convention Centre (CTICC) has adapted its business to serve the people of the Western Cape.
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aubie Motlhabane, chief executive officer: “2020 was an unusual year; but like a chameleon responding to its changing environment, the CTICC adapted to the challenges presented by Covid-19.” “We did this by pivoting our business practices, transforming operations and reigniting our passion for innovation. And, with the support of our various partners, we are cautiously optimistic. We are all going through a very tough time, but we are hopeful that brighter days are coming.” “The company was set for a good fourth quarter,” Ms Motlhabane continued, “and we were poised to achieve our revenue target of R285 million. However, when Lockdown Level 5 was implemented in March 2020, the CTICC’s closure had a significant impact on our performance, resulting in revenue falling to R220.7 million, 23 per cent below the initial target”. As a result of this, an EBITDA loss of R23.6 million was anticipated. However, with careful management of costs, Ms Motlhabane and her team managed to reduce the deficit to R12.5 million (a 46.8 per cent improvement on the revised target).
16 Business Events Africa March 2021
The Executive Mayor of the City of Cape Town, Alderman Dan Plato, pointed out in his Foreword in the CTICC’s 2019/20 Integrated Annual Report: “The CTICC has adapted itself remarkably to contribute to the opportunity city. Its cumulative economic contribution to the Western Cape Province has risen by R4.9 billion this financial year to R44.5 billion.” Furthermore, the centre’s contribution to South Africa’s national GDP was R5.5 billion. More than 11 000 jobs were created nationally, bringing the total number of jobs created since the CTICC opened its doors in 2003 to 142 326. These are jobs that have been made possible because of the existence of the CTICC. The CTICC also reported that 87.5 per cent of total procurement spend was with locally-based service partners, while 86 per cent of its spend was placed with B-BBEE service partners. In addition, 42 per cent of the total service partner base were women-owned enterprises, up three per cent on the previous financial year. Adapting with agility to serve the Western Cape and its communities One of the CTICC’s achievements that Ms Motlhabane is proud of is the hosting of
Taubie Motlhabane, chief executive officer of the CTICC.
the temporary Covid-19 Hospital of Hope in CTICC 1. The 862-bed hospital cared for more than 1 500 patients over the 11 weeks it was open. In that time, the CTICC kitchens provided up to six meals a day for patients, catering for a range of dietary needs, such as those with diabetic, cardiac and other specialised requirements. The CTICC also provided operational support, WiFi and security, amongst other services. “With our halls standing empty because of the national lockdown, www.businesseventsafrica.com
