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Business update
Eqstra Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/011672/06)
Share code: EQS, EQS02, EQS04, EQS05, EQS06, EQS07, EQS08A, EQS09
ISIN: ZAE000117123
(“Eqstra” or “the group”)
BUSINESS UPDATE
The board takes cognisance of the substantial decline in the Eqstra’s share price and believes that the price is
not a true reflection of the group’s financial performance.
The board is satisfied that both the Industrial Equipment and Fleet Management and Logistics divisions are
performing as expected and management anticipates performance to be in line with the previous comparative
period.
The Contract Mining and Plant Rental division is going through a process of right sizing but retrenchment costs
incurred will impact the first half’s performance. The benefits of the cost saving initiatives already implemented
will benefit the division in the second half. The new project secured in Botswana is set to commence on 15
December 2014 and will add to revenue in the second half. Other new plant leasing contracts have also been
secure during the period. Mr J Colling has been appointed as CEO for Contract Mining and will continue the
turnaround initiatives with the support of the group CEO, Mr Hill.
The group has embarked on various initiatives, including a slowdown in capital growth, in order to ensure that
the group remains liquid whilst there are uncertainties in the capital market. These initiatives and the
continued strong cash generation will ensure that the group has the required funds to support operations.
The information, on which this business update is based, has not been reviewed and reported on by Eqstra’s
external auditors. The statement is based on information available at the time of this publication.
Kempton Park
15 December 2014
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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