https://www.engineeringnews.co.za

CSG to transfer listing to JSE main board

11th November 2016

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

  

Font size: - +

Contract services group CSG is transferring to the main board of the JSE, ten years after embarking on its AltX listing, to leverage better benefits of a higher profile, greater coverage by analysts and enhanced opportunities for institutions to invest in the company.

The company, through organic and acquisitive growth, expanded its revenue from R192-million in 2006 to nearly R1.3-billion in 2016, while also boasting a net asset value of R346-million.

“The continued growth strategy is to expand acquisitively into a well-recognised, leading brand in all its chosen specialist outsource sectors and increase the basket of complementary services being offered by targeting successful, well-established businesses with strong management teams, [and] offering clients a range of specialised services in one group,” CSG CEO Pieter Dry said in a statement on Friday.

CSG, which had, earlier this year, privately placed 29-million shares and increased its liquidity and shareholder spread, reported headline earnings a share of 20.22c, earnings a share of 20.01c and profit after tax of R85.58-million in 2016.

The main board listing is effective November 21.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Latest Multimedia

Photo of Martin Creamer
On-The-Air (08/05/2026)
Updated 2 hours 20 minutes ago By: Martin Creamer

Showroom

Lion Alcolmeter® 700
Alco-Safe

Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.

VISIT SHOWROOM 
ASTPM
ASTPM

Established in 1983, the ASTPM is an industry association and representative body of the welded carbon steel tube and pipe manufacturers of South...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 08 May 2026
Magazine round up | 08 May 2026
8th May 2026

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.058 0.105s - 122pq - 2rq
Subscribe Now