Steady growth in Africa as turnover exceeds r290m

We have increased our turnover to R7.2bn in the year ended 30 April 2015, with turnover in Africa exceeding R290m.

Africa Managing Director, Ian Donaldson, commented: “We delivered a solid performance in Africa, with particular areas of growth in the infrastructure and property sectors.

“Despite ongoing challenging conditions in natural resources, our diversity of services allowed us to build on our local presence and knowledge, supporting global clients in Africa in our core sectors.

“We were awarded numerous new projects, these included international clients such as GE and the Aga Khan Health Service in Tanzania. Locally we secured projects with Bombela and Debswana Diamond Company Ltd and several wins with clients in East and West Africa, including Toyota and the National Petroleum Investment Management Services.

“Our continued development and investment into our East and West Africa hubs saw increased income from our Kenyan and Ugandan operations.

“The property and infrastructure sectors remain growth areas in the Africa region. Over the next year, we will continue to invest in our service model, to build further on our expertise in major programme set-up, assurance, contract services and information modelling.”

We now employ 4,100 staff across 90 offices, have recorded five successive years of growth and boosted turnover by 75 percent since 2010.

Our long-term strategy of diversification – both geographically and across its three core sectors of property, infrastructure and natural resources – successfully absorbed the recent volatility in the oil and gas market to deliver a further 11 percent increase in operating profit in 2014-15.

CEO Vincent Clancy commented: “Our diverse business model has allowed us to adapt successfully to this year’s shifting marketplace, and delivered some exceptional results both in our emerging markets and in our more mature regions.

“Our record turnover of R7.2bn is an endorsement of the consistent investment we’ve made in the company - and in our staff - over the past five years, and an important milestone in our long-term plan for sustainable growth.”

For more information, see the company’s annual review 2014-2015.