| Subsidiaries |
| Thursday, 12 October 2006 15:07 | |
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Mecer http://www.mecer.co.za With 98% brand recognition Mecer continues to be one of South Africa's most well-know local PC and notebook brands. Unit sales grew 10% and margins were largely maintained, but Mecer recorded an unrealised R43,1 million foreign exchange loss in the last weeks of the period due to a sudden decline of the Rand against the USD. Mecer expects to recover a portion of this unrealised book loss in the 2007 financial year. Mecer and Rectron have also signed agency agreements to distribute the Toshiba range of notebooks. Rectron http://www.rectron.co.za Africa's biggest supplier of ICT components and peripherals. Although Rectron's revenue also grew healthily and its results ended in the black, it was also impacted by the Rand's sharp decline against the USD, having to account for R26,1 million on the revaluation of the accounts payable. The decision was also taken to close down Rectron's loss-making United Kingdom operation, resulting in a loss of R 24 million and a profit on discontinuance of R 19,1 million on the sale of its Johannesburg and Durban buildings. Brotek (Brother) http://www.brother.co.za Supplying ICT equipment to the public sector organizations. Brother again recorded a pleasing performance for the year. Managing Director James Booysen duly sold his 30% shareholding to black-owned Puno Printing Solutions Investments, and retired from the company he founded in 1981 and successfully managed for so many years. The decision was taken to rebrand Brother, from 1 June 2006 it became Brotek (Pty) Ltd. Brotek's new CEO is Munna Desai, a veteran of nearly 30 years in the ICT industry. Comztek An ICT systems and networking distributer, Comztek has grown considerably since joining the Mustek group in 1999. This was the first financial year in which Comztek's results were proportionally consolidated for the full year. In this period, Comztek substantially improved its performance, and is well-positioned to repeat this feat in the 2007 financial year.
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