SUPPLY CHAIN LOGISTICS
DIGICORE
Revenue growth for financial year globally to date. During the year, it restructured its global operations into three core-owned business units – South Africa, Europe and Australia – and three regional distributor units: Asia and the Middle East, Africa, and Latin America. Operationally, the fleet business globally had a solid year, except for the UK, which underperformed. The UK business has been stabilised and turned the corner by year end, under new leadership. Strong growth was experienced in the mining and resource customer base with a solid pipeline of business for the new year. The fleet product and solution offering was further extended with the launching of CtrackFleetConnect, a mobile asset management solution. In Europe, Germany has seen good growth from a low base. Ctrack ANZ (Australia and New Zealand) outperformed budget and is well positioned in partnership with major telecommunication groups to grow its fleet business and launch the insurance solution during the coming year.
DigiCore Holdings Limited, the JSE listed telematics technology group, has grown its revenue by 19% to R844 million for the financial year.
T New CEO, Barney Esterhuyzen
HE FINANCIAL YEAR 2012 saw a substantial structural overhaul of the group for purposes of driving its future growth strategies under the leadership of the new CEO, Barney Esterhuyzen. The top management team has virtually completely been restructured, a re-engineered product range was launched, and stock and debtors policies considerably tightened, which impacted the bottom line. A once off charge of R36 million against stock and debtors was a major contributor in reducing the profit after tax from R54 million (2011) to R30 million (2012). Notably, an unrealised profit of R44 million related to the listing of 30% held by Trakker Pakistan Limited was not brought to account. The group, under the Ctrack brand, is represented in 56 countries with approximately 650 000 systems sold
IMPERIAL LOGISTICS
Moving into pharmaceutical supply chain Imperial Logistics has announced its acquisition of the pharmaceutical and consumer healthcare supply chain services.
T Cobus Rossouw, chief integration officer of Imperial Logistics
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HE BUSINESSES to be acquired include RTT Medical, RTT Trans Africa, RTT Consumer Health and RTT Essentials, as well as 100% of Fuel Africa Logistics, RTT Kenya and RTT Ghana. RTT Health Sciences is one of Africa’s leading pharmaceutical and healthcare supply chain service providers, specialising in multichannel solutions for delivering essential medicines and consumer health products in South Africa, and to Namibia, Botswana, Mozambique, Zimbabwe, Zambia, Kenya, Tanzania, Malawi, Uganda, Ethiopia, Rwanda, Ghana, Ivory Coast and Nigeria. Cobus Rossouw, chief integration officer of Imperial Logistics says: “The acquisition complements our business
TWA | Oct/Nov 2012
in that RTT Health Sciences provides logistics, supply chain and distribution solutions to the pharmaceutical and fastmoving consumer health industries. It offers exceptional growth prospects as it strengthens our current exposure to high growth African economies and provides the Imperial Group with exposure to a strongly growing pharmaceutical and healthcare industry.” RTT Health Sciences has a quality customer base with a robust new business pipeline. Through the acquisition, Imperial Logistics has also secured a specialist management team which strengthens and complements the group’s existing skills set in the logistics industry. Rossouw adds: “We look forward to extending this expertise to new clients in new industries and unlocking the competitive advantages inherent in their supply chains.” The acquisition, which will be funded from existing funding resources, is subject to South Africa’s Competition Commission and South African Reserve Bank approval, which has to be achieved by 20 January 2013.