"Datatec weathered the unprecedented market and social disruptions brought on by the global Covid-19 pandemic very well and delivered a solid operational performance across all its divisions for the financial year ended 28 February 2021."
"The solid operational execution across the board underpinned the Group's strong financial performance in all divisions, including Westcon International. We are particularly pleased with Westcon International's return to profitability in all regions following multiple years of restructuring as well as system and process changes."
"During FY19 we undertook a comprehensive programme of shareholder consultation covering governance matters such as Board composition and in particular remuneration. John McCartney, the Chair of the Remuneration Committee, accompanied me on a series of meetings and consultations with major shareholders covering about 75% of our shareholder base."
"We have maintained our final capital
distribution for the year due to our strong
financial position, which reflects our confidence
in our long-term strategy."
"Our increase in capital distribution, despite the
weaker second half and challenging trading
environment, is a clear demonstration of our
confidence in the sustainability of our long-term
"I am delighted to report on another successful year for the Group. Our unrelenting
focus on operational performance has meant that once again we have been able to
substantially increase revenues and expand margins, resulting in the bottom line
growing at twice the rate of revenues."
"This year marks the 25th anniversary since the group was founded by chief executive Jens Montanana in 1986 principally as a supplier of computer modems and data-communication equipment. Since listing on the Johannesburg stock exchange in 1994, the business has grown into a global leader in the ICT industry."