SENTECH achieves a clean audit for the 4th successive year

Wednesday, 19th October 2016

MEDIA RELEASE

For Immediate Release

 

SENTECH SOC LIMITED ACHIEVES A CLEAN AUDIT FOR THE 4th SUCCESSIVE YEAR        

 

SENTECH, the state-owned broadcasting signal distributor, is proud to announce another set of good results and achieving a clean audit (unqualified audit opinion) for four consecutive years.

 

SENTECH achieved an impressive 82.53% on all the key performance indicators it had committed to during the financial year 2015/2016 and this included network availability of 99.89%; customer satisfaction levels achieving an above target at 72%; connectivity of 34 community radio broadcasters and 31 SABC language expansion realized. In addition, total revenue increased by 7% to R1 179m in 2015/2016 versus R1 107m in 2014/2015 financial year.

“We have achieved over 80% of all the key milestones we had committed to for the period under review. We continued to make strides in fulfilling our mandate by running our business prudently and focusing on growth areas. The company’s annual financial statements complied with International Financial Reporting Standards (IFRS), and the reported revenues, expenditures, assets and liabilities provide a strong foundation for strengthening SENTECH’s long-term sustainability.” Said Mr Mlamli Booi, SENTECH SOC Ltd CEO. “Furthermore, there were no instances of non-compliance with applicable laws and regulations that had an impact on the company” concluded Mr. Booi.

 

“We remain committed to delivering reliable service to our customers and we thank them for the confidence they have placed on our company. I thank our management and staff for great performance achieved in the 2016 financial year”.

 

Issued by:

SENTECH - CORPORATE MARKETING & COMMUNCATIONS

Enquiries:

Olebogeng Ndou / ndouo@sentech.co.za / 072 627 4172