Jan 25, 2012
Ellies ‘well positioned’ for digital TV migration, despite delayBack
© Reuse this
Speaking at the JSE-listed firm’s interim results presentation in Johannesburg, he pointed out that despite Communications Minister Dina Pule’s announcement that the migration was being delayed from April to the third quarter of 2012, Ellies expected it to spark significant growth in the company.
Ellies partnered with JSE-listed Allied Technologies (Altech) subsidiary Altech UEC in 2009, to distribute the set-top boxes (STBs) manufactured by Altech UEC. STBs would be required in households with analogue television sets to convert the digital signal to analogue.
Discussing the company’s prospects, Samson said new product development and a strong focus on renewable energy would continue.
“Although we have not seen substantial investment in renewable energy from our clients, we have done a lot of investigating into growing this section of our business.
“Renewable energy has been moving slow in South Africa, but it will soon be coming here in a big way and we need to ready for it,” he noted.
Samson also noted that Ellies had sealed a contract with State-owned utility Eskom regarding energy saving initiatives.
Meanwhile, he said the company foresaw a stronger order book and more new ventures for its industrial electrification unit Megatron, as a result of the growing African market and specifically its mining sector.
“We expect more telecommunications towers, infrastructural data facilities and data centre installation projects,” Samson noted.
Further, he said the company was satisfied with its financial performance in the six months to the end of October. Revenue increased by 10.5% to R721.2-million, while after-tax profit grew by 35.6% to R62.38-million from R46.02-million in the previous comparable period.
Edited by: Mariaan Webb© Reuse this Comment Guidelines (150 word limit)
Creamer Media Senior Researcher and Deputy Editor Online
Other ICT News
Updated 3 hours ago Fifteen years after the United Nations agreed on the Millennium Development Goals (MDGs), much progress had been made in the development of information and communications technology (ICT) worldwide. However, much more progress was needed to ensure that the...
Updated 15 minutes ago David Lewis‚ head of the country's leading non-governmental anti-graft agency‚ Corruption Watch‚ has criticised Police Minister Nathi Nhleko's report exonerating President Jacob Zuma of having to pay anything for the upgrades to his Nkandla home. Nhleko yesterday...
Updated 1 hour 26 minutes ago While transformational efforts have succeeded in boosting black representation at a managerial level in the metals and engineering sector, these individuals appear to stagnate in middle management positions rather than progressing to senior or top management...
Updated 1 hour 45 minutes ago JSE-listed Afrox has appointed Dorian Devers CFO and Bernd Eulitz chairperson. Devers, who was also Linde Group Africa and UK region FD, took up the position of CFO and executive director on May 28.
Recent Research Reports
Steel 2015: A review of South Africa's steel sector (PDF Report)
Creamer Media’s Steel 2015 report provides an overview of the key developments in the global steel industry and particularly of South Africa’s steel sector over the past year, including details of production and consumption, as well as the country's primary carbon...
Projects in Progress 2015 - First Edition (PDF Report)
In fact, this edition of Creamer Media’s Projects in Progress 2015 supplement tracks developments taking place under the Renewable Energy Independent Power Producer Procurement Programme, which has had four bidding rounds. It appears to remain a shining light on the...
Electricity 2015: A review of South Africa's electricity sector (PDF Report)
Creamer Media’s Electricity 2015 report provides an overview of State-owned power utility Eskom and independent power producers, as well as electricity planning, transmission, distribution and the theft thereof, besides other issues.
Construction 2015: A review of South Africa’s construction sector (PDF Report)
Creamer Media’s Construction 2015 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; the key participants in the sector; local construction demand; geographic diversification;...
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
This Week's Magazine
While strongly welcoming the promulgation of the new Part 101 of South Africa’s civil aviation regulations, governing the commercial operation of civil remotely piloted aircraft (RPAs) in South Africa, the Commercial Unmanned Aircraft Association of Southern Africa...
LSM Distributors has contracted engineering consultancy WSP | Parsons Brinckerhoff Africa to undertake the R100-million restoration of the 54-year-old Kyalami racetrack, situated in Midrand. The restoration will assist in re-establishing it as a venue for...
South African Defence Minister Nosiviwe Mapisa-Nqakula has expressed the hope that the defence budget will be significantly increased over the next five years. She did so while addressing the media in her recent budget vote media briefing. The 2015/2016 defence...
The African Development Bank (AfDB) has been an implementing agency for the Global Environment Facility (GEF) since 2008. The relatively young portfolio has 28 projects over 30 countries on the continent according to the 2014 AfDB and GEF annual report released...
Investment in South African youth through apprenticeships and learnerships will not only create direct benefits for businesses but will also contribute significantly to job creation and socioeconomic transformation in the country.