Clean bill of health for Sentech
13 November 2013
News
State-owned signal broadcaster Sentech’s most recent audit gave it a clean bill of health, giving credence to the company’s statement of commitment to clean up its administration and corporate governance. The clean audit (Sentech’s first such in over a decade) for the 2012/13 financial year was certified by independent external auditors.
One of the company’s objectives for the year was to achieve 80% population coverage of the Digital Terrestrial Television (DTT) network, a target it narrowly exceeded by reaching 80,4% population coverage four days before the end of the financial year. Moving forward, the company says it is confident that the entire network migration programme will be completed by the end of March 2014.
During the period, Sentech also delivered global signal contribution and distribution services to CAF for the AFCON 2013 tournament from each of the tournament venues. These services were reportedly delivered with 100% availability throughout the event and, according to the AFCON 2013 Local Organising Committee (LOC), almost a billion people globally were able to watch the games.
All this contributed to a bottom line of R831 in revenue – a 7% increase – from continuing operations (excluding dual illumination); a 20% boost in operating profit to R177 million; and improved cash generated from operations, up from R277 million to R299 million. R457 million was spent on additions to property, plant and equipment in 2013 for DTT and other projects.
Other milestones reached during the period included the following:
* 18 new low power/low cost (LP/LC) sites were installed against a target of 18 and 28 self help sites were upgraded against the same target.
* The BEE target of 50% was exceeded by 6%, attaining 56% of total infrastructure spent on BEE level 4 and above. The company now has a BBBEE rating of level 4, with 65 points.
* A target of 1% was met with regards to the percentage of total infrastructure spent on qualifying SMMEs and exempted micro enterprises as defined in the DTI Codes of Good Practice.
Further reading:
From the editor's desk: Exciting times ahead?
Technews Publishing
News
There are many subjects that excite me in this world, but two of the larger technical subjects are, firstly, renewable energy, and secondly, the idea of artificial intelligence as it continues to evolve
...
Read more...
Microchip expands partnership with TSMC
News
Microchip Technology has announced it has expanded its partnership with TSMC to enable a specialised 40 nm manufacturing capacity at Japan Advanced Semiconductor Manufacturing.
Read more...
Huge SA grid battery project
News
A standalone battery energy storage system (BESS) has won preferred bidder status under South Africa’s Energy Storage Capacity Independent Power Producer Procurement Programme (ESIPPPP).
Read more...
Mouser sponsors NCP Cup 2024
News
The NXP Cup is an EMEA-based autonomous car competition, presented by NXP Semiconductors, which is designed to provide students with real-world experiences in autonomous vehicle programming and building.
Read more...
TrinaTracker brings its smart solar tracking to SA
News
The Vanguard 1P is designed to provide customers with trackers that combine suitability for flat terrain, together with outstanding system stability and reliability, quick installation, and flexible external compatibility.
Read more...
Nordex adding 830 MW of wind generation
News
Nordex Energy South Africa will be adding 830 MW of wind energy generation capacity to the company’s already-installed 1 GW base.
Read more...
Invertek produces its three millionth drive
iTek Drives
News
Invertek Drives Ltd, a global manufacturer of variable frequency drive (VFD) technology, has celebrated producing its three millionth VFD, just three years after its two-million milestone.
Read more...
Analog Devices’ digital storefront is live
News
Analog Devices has designed an improved digital experience with users in mind – a new analog.com website and eShop.
Read more...
Vicor Powering Innovation podcast
News
The episode explores electrification with Lightning Motorcycles, a company that produces the fastest electric motorcycle on the planet.
Read more...
ModusToolbox Workshop 3
News
This workshop will focus on enabling a PSoC development kit, connected over Wi-Fi and leveraging MQTT, to create the framework of an IoT application.
Read more...
printer friendly version