SENTECH SOC limited achieves yet another clean audit for the 5th consecutive year

Thursday, 21th September 2017

MEDIA RELEASE

For Immediate Release

 

SENTECH SOC LIMITED ACHIEVES YET ANOTHER CLEAN AUDIT FOR THE 5th CONSECUTIVE 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 a fifth consecutive years./p>

 

SENTECH achieved an impressive 100% on all the key performance indicators it had committed to during the financial year 2016/17. This included network availability of 99.88% versus the annual target of 99.80; achieving 76% customer satisfaction levels which is an increase from the last financial year’s.

In addition, revenue increased by 5% (2016: R1.11 billion vs 2017: R1.2 billion) and for the period under review, the organisation reported an EBIT of R34 million, albeit a decline from the last financial year. This is attributed to expenditure on critical preventative maintenance, high energy costs and increase in employee costs to support the organisation’s future growth.

 

“As SENTECH we have maintained a resolute focus to deliver on our mandate and to ensure that the organisation remains sustainable into the future. This required high customer service excellence and focusing our attention on human resource development, both critical areas for our organisation’s future growth. I wish to thank our customers for their continued support in spite of difficult economic conditions, we are also thankful to our Board for the over site and guidance and lastly I am grateful to my staff for their commitment which made it possible to achieve the results reported” said Mr. Mlamli Booi, SENTECH CEO.

 

Issued by:

SENTECH - CORPORATE AFFAIRS & COMMUNCATIONS

Enquiries:

Milisa Kentane>

SENTECH Spokesperson

media@sentech.co.za / 064 756 0260