Wrap Text
Preliminary Audited Results And Dividend Announcement for the year ended 28 February 2018
SANTOVA LIMITED
("Santova" or "the Company")
(Registration Number 1998/018118/06)
Share Code: SNV
ISIN: ZAE000159711
PRELIMINARY AUDITED RESULTS AND DIVIDEND ANNOUNCEMENT
FOR THE YEAR ENDED 28 FEBRUARY 2018
2018 Santova Preliminary Results Commentary
HIGHLIGHTS
The 2018 financial year was another successful year for Santova.
Like most industries, the logistics sector is facing a new era of
unprecedented change which brings with it not only challenges but
also opportunities for a Group like Santova whose differentiation
has always been founded on innovation, amidst a climate of change.
It is pleasing to note that despite the effects of a strengthening
Rand on the consolidation of offshore earnings, most operations
internationally have produced a solid set of results. Regarding
South Africa, they have exceeded expectations by posting an
exceptional result despite having started the year in recession.
The performance of the Group during the current year has been purely
organic. This has been the result of our strategic choice which
focused primarily on the internal integrations and scaling of
operations such as systems, new business development, and ongoing
support, all of which constitute a critical foundation for future
acquisitions. Our focus on the 'drivers' of organic growth was
along three strategies; expanding the business model to include
both international courier express services, client sourcing and
procurement management services; and differentiating further by
optimising core operational capabilities through much improved
data analytics to automation. In short, we remained focused and
disciplined in deploying our strategic growth initiatives.
FINANCIAL PERFORMANCE
The Group has achieved a 13,5% increase in profit attributable
to equity holders to R71,3 million for the 2018 financial year,
versus R62,8 million in the prior year. This in turn translated
into a 12,4% increase in headline earnings per share to 44.84
cents, versus 39.89 cents in the prior year and as a result the
Group entered its 8th consecutive year of growth in headline
earnings per share.
FINANCIAL POSITION
The Group's financial position continues to mature and strengthen
following another successful year of profitability and has not been
significantly impacted by currency in the current year. Key factors
evidencing this strengthening are:
A 7,6% increase in total assets from R896,1 million in 2017 to
R964,4 million in 2018;
A 13,8% increase in capital and reserves from R365,6 million in
2017 to R416,2 million in 2018; and
A reduction in the Group's debt equity ratio from 53,0% in 2017
to 46,5% in 2018.
In addition, the Group's net cash generated from operating activities
increased 20,0% from R56,5 million in 2017 to R67,8 million in 2018
and as a result cash and cash equivalents on hand increased 18,1%
from R91,8 million in 2017 to R108,4 million in 2018.
REGIONAL PERFORMANCE
Our South African operations have delivered an exceptional set of
results. This was despite the challenges imposed upon these by
'depressed' trading conditions. Our focus on assisting clients in
differentiating from their respective industries, together with
much improved service levels, has contributed to the building of
Santova's brand in the logistics industry.
An exciting strategic change that the Group has made in the United
Kingdom includes the consolidation of the two businesses W.M.
Shipping Limited and Santova Logistics Limited into one legal entity.
The result is the elimination of duplication of administrative
structures and at the same time the consolidation of the capabilities
and know-how, and the core competencies of both businesses. With the
respective brands now focusing on their niche markets, they will also
have access to one another's buy rates and networks worldwide which
will bode well for both businesses as we move forward.
Our operations in the Asia region have surpassed expectations on
the upside with good progress being achieved. This has been the
result of a cyclical upturn in manufacturing and investment, and
stronger trade growth globally. This has also been achieved through
not only favourable buy rates, which were available through the
Group's network and associations in this region, but together with
the higher freight rates in 2017.
TWO MOST NOTICEABLE FORCES DRIVING CHANGE IN OUR INDUSTRY
The first force concerns customer expectations, which are increasingly
changing, driven by the new shopping patterns of consumers who went
digital long before many of the retailers. Today, both individuals
and businesses expect delivery of goods faster and with greater
reliability, flexibility, and in many cases at minimal cost. The
second force is the availability and intelligent application of
technology.
To meet these new customer expectations, we have spent the last
twelve months expediting the deployment of intelligent technology,
which is aimed at lowering costs, improving efficiency and allowing
access to critical data, whilst at the same time 'freeing up time'
for greater client centricity. As opposed to these two forces of
change being regarded as a risk, we view them as having offered
Santova a window of opportunity.
LOOKING FORWARD
With the changes in consumer behaviour, our customers are being
forced to adapt to new shopping patterns. As a result we will
continue to exploit digital technology to meet customer expectations
whilst at the same time drive more efficient internal physical and
digital standards and workflow processes that will convert and
improve the profitability on low margin shipments.
Having spent the last two years on building and enhancing internal
capacity, the proposition of select acquisitions is now high on the
agenda of the Group. Economic zones of interest that we are looking
to enter include the United States and South East Asia whilst also
entrenching ourselves further in the United Kingdom and Europe.
Through acquisitions, we are able to gain the benefits of an entire
company's prior sales and client relationships, which means we are
immediately gaining markets and clients that we otherwise may not
have had access to.
Summarised Consolidated Statement of Financial Position
as at 28 February 2018
Notes 2018 2017
R'000 R'000
ASSETS
Non-current assets 213 995 213 265
Property, plant and equipment 20 379 18 540
Intangible assets 4 181 411 178 494
Financial assets 5 4 366 6 332
Deferred taxation 7 839 9 899
Current assets 750 381 682 807
Trade receivables 579 376 539 111
Other receivables 62 142 51 463
Current tax receivable 492 453
Cash and cash equivalents 108 371 91 780
Total assets 964 376 896 072
EQUITY AND LIABILITIES
Capital and reserves 416 172 365 567
Stated capital 219 514 214 625
Treasury shares (3 197) (1 631)
Equity compensation reserve 6 246 5 185
Property revaluation reserve 36 -
Foreign currency translation reserve (19 827) (15 901)
Accumulated profit 213 344 156 117
Attributable to equity holders of
the parent 416 116 358 395
Non-controlling interest 56 7 172
Non-current liabilities 22 323 38 930
Interest-bearing borrowings 21 039 36 552
Long-term provision 1 284 1 425
Deferred taxation - 953
Current liabilities 525 881 491 575
Trade and other payables 202 320 205 464
Current tax payable 7 246 4 001
Current portion of interest-bearing
Borrowings 15 561 20 541
Amounts owing to related parties 220 246
Financial liabilities 5 17 350 15 135
Short-term borrowings and overdrafts 265 097 228 380
Short-term provisions 18 087 17 808
Total equity and liabilities 964 376 896 072
Summarised Consolidated Statement of Profit and Loss
and other Comprehensive Income
for the year ended 28 February 2018
Notes 2018 2017
R'000 R'000
GROSS BILLINGS 2 4 123 540 4 073 868
Revenue 2 311 354 299 034
Net interest income 2 17 923 16 381
Interest and financing fee income
recovered from clients 39 831 38 923
Interest and financing fee expenses
incurred (21 908) (22 542)
Revenue after net interest income 2 329 277 315 415
Other income 14 362 22 765
Depreciation and amortization (3 355) (5 921)
Administrative expenses (239 628) (235 476)
Operating profit 100 656 96 783
Interest received 6 279 427
Finance costs 7 (5 998) (9 187)
Profit before taxation 94 937 88 023
Income tax (23 670) (23 403)
Profit for the year 71 267 64 620
Attributable to:
Equity holders of the parent 71 252 62 791
Non-controlling interests 15 1 829
Other comprehensive income
Items that may be reclassified
subsequently to profit or loss
- Exchange differences arising from
translation of foreign operations (3 933) (78 840)
- Net actuarial loss on remeasurement
of post-retirement medical aid
benefit liability - (62)
- Gain on revaluation of property 36 -
Total comprehensive income / (loss) 67 370 (14 282)
Attributable to:
Equity holders of the parent 67 362 (15 216)
Non-controlling interests 8 934
Basic earnings per share (cents) 3 44.87 39.87
Diluted earnings per share (cents) 3 43.89 38.53
Dividends per share (cents) 7.00 6.25
Summarised Consolidated Statement of Changes in Equity
for the year ended 28 February 2018
Foreign
Equity Property currency
Trea- compen- revalua- trans-
Stated sury sation tion lation
capital Shares reserve reserve reserve
R'000 R'000 R'000 R'000 R'000
Balances at 29
February 2016 214 076 (998) 3 028 - 62 044
Total
comprehensive
income - - - - (77 945)
Share-based
equity reserve
charged to
profit and loss - - 2 448 - -
Treasury shares
acquired - (633) - - -
Shares issued
under share
option scheme 549 - (276) - -
Transfer of equity
compensation
reserve - - (15) - -
Dividends paid
to shareholders - - - - -
Balances at 28
February 2017 214 625 (1 631) 5 185 - (15 901)
Total profit
and loss - - - - -
Other
comprehensive
income - - - 36 (3 926)
Share-based
equity reserve
charged to
profit and loss - - 1 620 - -
Treasury shares
acquired - (1 534) - - -
Shares issued
under share
option scheme 1 118 - (559) - -
Shares acquired
from scrip
dividend - (32) - - -
Transfer of equity
compensation
reserve - - - - -
Costs to issue
securities (70) - - - -
Dividends paid
to shareholders 3 841 - - - -
Minority interest
acquired - - - - -
Balances at 28
February 2018 219 514 (3 197) 6 246 36 (19 827)
Non-con-
Accumulated trolling Total
profit Total interest equity
R'000 R'000 R'000 R'000
Balances at 29
February 2016 102 027 380 177 6 238 386 415
Total
comprehensive
income 62 729 (15 216) 934 (14 282)
Share-based
equity reserve
charged to
profit and loss - 2 448 - 2 448
Treasury shares
acquired - (633) - (633)
Shares issued
under share
option scheme - 273 - 273
Transfer of equity
compensation
reserve 15 - - -
Dividends paid
to shareholders (8 654) (8 654) - (8 654)
Balances at 28
February 2017 156 117 358 395 7 172 365 567
Total profit
and loss 71 252 71 252 15 71 267
Other comprehensive
income - (3 890) (8) (3 898)
Share-based
equity reserve
charged to
profit and loss - 1 620 - 1 620
Treasury shares
acquired - (1 534) - (1 534)
Shares issued
under share
option scheme - 559 - 559
Shares acquired
from scrip
dividend - (32) - (32)
Transfer of equity
compensation
reserve - - - -
Costs to issue
securities - (70) - (70)
Dividends paid
to shareholders (9 876) (6 035) - (6 035)
Minority interest
acquired (4 149) (4 149) (7 123) (11 272)
Balances at 28
February 2018 213 344 416 116 56 416 172
Summarised Consolidated Statement of Cash Flow
for the year ended 28 February 2018
2018 2017
R'000 R'000
OPERATING ACTIVITIES
Cash generated from operations 92 139 90 080
Interest received 279 427
Finance costs (5 300) (7 337)
Taxation paid (19 358) (26 696)
Net cash flows from operating activities 67 760 56 474
INVESTING ACTIVITIES
Plant and equipment acquired (4 876) (1 606)
Intangible assets acquired and developed (3 523) (2 658)
Proceeds on disposals of plant and
equipment and intangible assets 425 265
Settlement of acquired contingent
purchase consideration - (24 077)
Net cash flows on acquisition of
minority interest (11 271) -
Net cash flows from investing activities (19 245) (28 076)
FINANCING ACTIVITIES
Borrowings repaid (20 745) (18 829)
Issue of shares for cash 489 273
Purchase of treasury shares (1 566) (633)
Increase in amounts owing to related parties (26) (56)
Dividends paid (6 035) (8 654)
Net cash flows from financing activities (27 883) (27 899)
Net increase in cash and cash equivalents 20 632 499
Difference arising on translation of
foreign operations (4 033) (31 619)
Cash and cash equivalents at beginning
of year 91 772 122 892
Cash and cash equivalents at end of year 108 371 91 772
Consolidated Segmental Analysis
for the year ended 28 February 2018
Logistics Financial Head
Services Services Office GROUP
R'000 R'000 R'000 R'000
BUSINESS SEGMENTS
28 February 2018
Gross billings 4 257 920 9 861 31 735 4 299 516
External 4 114 201 8 906 433 4 123 540
Internal 143 719 955 31 302 175 976
Revenue after net
interest income 320 524 9 861 (1 108) 329 277
Depreciation and
amortisation (2 894) (69) (392) (3 355)
Operating profit 97 183 3 727 (254) 100 656
Interest received 264 946 (931) 279
Finance costs (1 564) - (4 434) (5 998)
Income tax expense (22 392) (935) (343) (23 670)
Profit for the year 73 491 3 738 (5 962) 71 267
Total assets 870 188 15 267 78 921 964 376
Total liabilities 543 362 1 043 3 799 548 204
28 February 2017
Gross billings 4 191 572 9 500 38 265 4 239 337
External 4 064 978 8 624 266 4 073 868
Internal 126 594 876 37 999 165 469
Revenue after net
interest income 306 677 9 500 (762) 315 415
Depreciation and
amortization (4 900) (76) (945) (5 921)
Operating profit 86 772 3 843 6 168 96 783
Interest received 424 909 (906) 427
Finance costs (2 875) (1) (6 311) (9 187)
Income tax expense (20 987) (1 009) (1 407) (23 403)
Profit for the year 63 334 3 742 (2 456) 64 620
Total assets 792 295 12 767 91 010 896 072
Total liabilities 505 841 763 23 901 530 505
LOGISTICS SERVICES
Asia United
Africa Pacific Kingdom Europe TOTAL
R'000 R'000 R'000 R'000 R'000
GEOGRAPHICAL SEGMENTS
28 February 2018
Gross billings
external 2 573 865 227 627 697 759 614 950 4 114 201
Revenue after net
interest income 138 937 31 635 76 453 73 499 320 524
Operating Profit 41 586 12 888 16 935 25 774 97 183
Net profit 29 799 10 599 13 668 19 425 73 491
Total assets 564 348 48 041 175 981 81 818 870 188
Total liabilities 400 514 17 671 71 495 53 682 543 362
28 February 2017
Gross billings
external 2 524 680 230 834 681 210 628 254 4 064 978
Revenue after net
interest income 134 020 31 728 72 897 68 032 306 677
Operating Profit 31 122 13 606 15 833 26 211 86 772
Net profit 20 456 10 292 12 809 19 777 63 334
Total assets 492 369 61 514 159 035 79 377 792 295
Total liabilities 360 153 20 206 66 702 58 780 505 841
Notes to the Summarised Consolidated Financial Statements
for the year ended 28 February 2018
1. BASIS OF PREPARATION
The audited summarised consolidated financial statements have
been prepared in accordance with the framework concepts and the
recognition and measurement criteria of International Financial
Reporting Standards (IFRS) and the SAICA Financial Reporting
Guides as issued by the Accounting Practices Committee and
Financial Reporting Pronouncements as issued by the Financial
Reporting Standards Council, and as a minimum, contains the
information required by IAS 34: Interim Financial Reporting and
comply with the Listings Requirements of the JSE Limited and
the Companies Act of South Africa, 2008.
The full consolidated annual financial statements from which
these summarised consolidated financial statements were derived
are available on request from the Group's registered office.
The accounting policies applied in the preparation of the full
consolidated annual financial statements from which the
summarised consolidated financial statements were derived are
in accordance with IFRS and are consistent with those of the
audited consolidated annual financial statements for the year
ended 28 February 2018.
These summarised consolidated financial statements and the full
consolidated annual financial statements have been prepared
under the supervision of D C Edley, CA(SA) and were approved by
the board of directors on 16 May 2018.
2018 2017
R'000 R'000
2. REVENUE
Gross billings 4 123 540 4 073 868
Less: Recoverable disbursements (3 794 263) (3 758 453)
Revenue after net interest income 329 277 315 415
Revenue from the provision of
services comprises: 311 354 299 034
Logistics services 302 601 290 295
Insurance commission and
management fees 8 907 8 624
Other revenue (154) 115
Net interest income from the provision
of credit facilities comprises: 17 923 16 381
Interest and financing fee income
recovered from clients 39 831 38 923
Interest and financing fee expenses
incurred (21 908) (22 542)
Revenue after net interest income 329 277 315 415
2018 2017
3. EARNINGS PER SHARE
Basic earnings per share (cents) 44.87 39.87
Headline earnings per share (cents) 44.84 39.89
Diluted earnings per share (cents) 43.89 38.53
Diluted headline earnings
per share (cents) 43.89 38.55
Profit on
ordinary Taxation Minority Net
activities effect interest effect
R'000 R'000 R'000 R'000
Reconciliation between
basic and headline
earnings:
February 2018
Profit for the year 94 937 (23 670) (15) 71 252
Adjusted for:
Profit on disposals of
plant and equipment (72) 37 - (35)
Headline earnings 94 865 (23 633) (15) 71 217
February 2017
Profit for the year 88 023 (23 403) (1 829) 62 791
Adjusted for:
Loss on disposals of
plant and equipment 46 (14) (3) 28
Headline earnings 88 069 (23 417) (1 832) 62 819
2018 2017
Shares Shares
000's 000's
Numbers of shares on which
calculations are based:
Shares in issue at end of year 160 228 158 247
Weighted Average Number of
Ordinary Shares ("WANOS") at
end of year 158 814 157 495
Diluted WANOS at end of year 162 334 162 975
The difference between earnings per share and diluted earnings
per share is due to the impact of share options that are yet to
be exercised or are yet to have vested from the Group's share
option scheme.
4. INTANGIBLE ASSETS
2018 2017
R'000 R'000
Goodwill Movement
Carrying value at beginning of year 173 656 217 472
Translation loss (207) (43 816)
Carrying value at end of year 173 449 173 656
Carrying value of computer software and
indefinite useful life intangible assets 7 962 4 838
Total intangible assets 181 411 178 494
5. FINANCIAL ASSETS/(LIABILITIES)
2018 2017
Level R'000 R'000
Financial assets
Non-current financial assets
Future profit share on rental
agreement1 2 1 992 1 991
Guardrisk cell captive2 2 2 374 4 341
4 366 6 332
Financial liabilities
Current financial liabilities
Current portion of contingent
purchase considerations on
acquisitions 3 (17 287) (15 093)
Forward exchange contracts 1 (63) (42)
(17 350) (15 135)
5. FAIR VALUE DISCLOSURE FOR FINANCIAL INSTRUMENTS continued
Hierarchy for fair value measurement
Fair value determination:
Level 1 - Quoted prices (unadjusted) in active markets for
identical assets or liabilities.
Level 2 - Inputs other than quoted prices included within level
1 that are observable for the asset or liability,
either directly or indirectly.
Level 3 - Inputs for the asset or liability that are not based
on observable market data.
There were no transfers between the fair value hierarchy levels
during the year.
1 Santova Logistics (South Africa) entered into a profit
sharing agreement with the landlord of their Durban premises
on inception of the lease in the 2007 financial year. This
agreement gives Santova Logistics a specified portion of the
actual or deemed profit made should the building be sold or
vacated. The inputs used to determine the fair value of the
profit share are as follows:
Current net market rental (including parking bays) R110 per m2
Capitalisation rate (on a vacant basis) 15,00%
2 This represents the fair value of the investment by Santova
Logistics (South Africa) in the Guardrisk cell captive,
recognised as a financial asset with changes in fair value
being recognised in profit or loss for the year. The fair
value of the cell captive is determined by the net asset
value that represents fair value.
3 This represents the present value of the remaining contingent
purchase obligations arising from acquisitions during the
prior financial periods. The fair value of the liability
represents the amount owing following the conclusion of the
final warranty period and payment was made on 2nd of March
2018. The financial liability can be reconciled as follows:
2018 2017
R'000 R'000
Financial liability at beginning of year 15 093 49 134
Interest on present value calculation 697 1 848
Foreign exchange loss/(gain) on translation 57 (9 929)
Fair value loss/(gain) on remeasurement 1 440 (1 886)
Payments made during the year - (24 074)
Financial liability at end of year 17 287 15 093
Supplementary Information
for the year ended 28 February 2018
The contingent purchase obligations relate to the following
acquisitions that were successfully completed during the
previous financial year:
Acquiring company Target company Discount rate used
Santova International Tradeway (Shipping) 6,6%
Holdings (Pty) Ltd Limited
Prior to the acquisition of Tradeway (Shipping) Limited, the
target company acquired Tradeway North West Limited. This
acquisition gave rise to a financial liability as a result of
contingent purchase obligations. The weighted average cost of
capital used in the calculation of the fair value of this
financial liability is equal to that being used to calculate
the fair value of the financial liability to the sellers of
Tradeway (Shipping) Limited.
Management have assessed the sensitivity of the level 3 fair
value measurement to changes in unobservable inputs and do not
believe that such reasonably expected changes would materially
affect the fair value.
Management have assessed the degree of classification of the
liabilities within level 3 and are satisfied that the
classification above is appropriate due to the fact that these
liabilities are measured using the same methods and thus do not
have varying degrees of uncertainty or subjectivity.
6. INTEREST RECEIVED
2018 2017
R'000 R'000
Interest received from third parties 279 427
As per Statement of Comprehensive Income 279 427
Interest and financing fee income
recovered from clients included in
Note 2 (Revenue) 39 831 38 923
Total interest income 40 110 39 350
7. FINANCE COSTS
Financial liabilities (refer note 5) 697 1 786
Interest-bearing borrowings 5 246 7 241
Other interest paid 55 160
As per Statement of Comprehensive Income 5 998 9 187
Interest and financing fee expenses
Incurred included in Note 2 (Revenue) 21 908 22 542
Total interest expense 27 906 31 729
8. EVENTS AFTER THE REPORTING PERIOD
There are no events that have taken place after the reporting
period for which non-disclosure would affect the ability of the
users to make proper evaluations and decisions.
9. APPROVAL OF ANNUAL FINANCIAL STATEMENTS
The annual financial statements were approved by the Board of
directors on 16 May 2018.
10. AUDIT OPINION
These summarised consolidated financial statements for the year
ended 28 February 2018 have been audited by Deloitte & Touche,
who expressed an unmodified opinion thereon. The auditor also
expressed an unmodified opinion on the full consolidated
financial statements for the year ended 28 February 2018 from
which these summarised consolidated financial statements were
derived. A copy of the auditor's report on the summarized
consolidated financial statements and the auditor's report on
the full consolidated financial statements are available for
inspection at the company's registered office, together with
the financial statements identified in the respective auditor's
reports. Deloitte & Touche has not audited future financial
performance and expectations expressed by management included
in the commentary in the summarised consolidated financial
statements and accordingly do not express an opinion thereon.
The auditor's report does not necessarily report on all of the
information contained in the summarised consolidated financial
statements. Shareholders are therefore advised that in order to
obtain a full understanding of the nature of the auditor's
engagement, they should obtain a copy of the auditor's report
together with the accompanying financial information from the
issuer's registered office.
Dividend Declaration
Notice is hereby given that the directors have declared a gross
dividend of 7.00 cents (2017: 6.25 cents) per ordinary share,
payable in cash out of income reserves for the year ended
28 February 2018 to ordinary shareholders.
The dividend has been declared out of income reserves as defined
in the Income Tax Act. Where applicable, the dividend will be
subject to South African dividends withholding tax at a rate of
20% which will result in a net dividend of 5.6 cents per share
payable to those shareholders who are not exempt from paying
dividends withholding tax.
The number of ordinary shares in issue as at the date of this
declaration is 160,228,045 and the company's tax reference number
is 9077274844.
The salient dates relating to the payment of the dividend are as
follows:
Declaration Date publication Wednesday, 16 May 2018
Last day to trade cum dividend Tuesday, 26 June 2018
Shares trade ex-entitlement Wednesday, 27 June 2018
Record date for the dividend Friday, 29 June 2018
Payment date for dividend Monday, 2 July 2018
Share certificates may not be dematerialised or rematerialized
between Wednesday, 27 June 2018 and Friday, 29 June 2018, both
dates inclusive.
By order of the Board
J Lupton
Company Secretary
16 May 2018
Corporate Information
SANTOVA LIMITED
Country of incorporation
Republic of South Africa
Registration number
1998/018118/06
Share code
SNV
ISIN
ZAE000159711
NATURE OF BUSINESS
International logistics solutions provider
DIRECTORS
Independent Non-Executive Directors
WA Lombard (Chairman)
ESC Garner
AD Dixon
EM Ngubo
Executive Directors
GH Gerber (Chief Executive Officer)
DC Edley (Group Financial Director)
AL van Zyl
COMPANY SECRETARY
JA Lupton, FCIS
Highway Corporate Services (Pty) Ltd
PO Box 1319, Hillcrest, 3650
JSE SPONSOR
River Group
Unit 2, 211 Kloof Street, Waterkloof, Pretoria 0145
GROUP AUDITOR
Deloitte & Touche
PO Box 243, Durban, 4000
SHARE REGISTRAR
Computershare Investor Services (Pty) Ltd
PO Box 61051, Marshalltown, 2107
LEGAL ATTORNEY
Livingston Leandy Inc
PO Box 4107, Umhlanga Rocks, 4320
INVESTOR RELATIONS
Contact Persons
GH Gerber (Chief Executive Officer)
DC Edley (Group Financial Director)
Email Address
investor@santova.com
Contact number
+27 31 374 7000
SANTOVA HEAD OFFICE
AND REGISTERED OFFICE
Physical address
53 Richefond Circle, Umhlanga Ridge, 4319
Postal address
PO Box 6148, Durban, 4000
Registered Office
Santova House, 88 Mahatma Gandhi Road,
Durban, 4000
Contact number
+27 31 374 7000
CORPORATE BANKERS
Nedbank Limited
PO Box 1144, Sandown, 2196
A Specialist Provider of Innovative Global Trade Solutions.
Santova's diversi?cation in terms of geographies, currencies,
industries, products and services enables it to manage a global
network of inter-connected activities for multinational
organisations from origin to point-of-consumption.
This diversification also enables it to hedge against unexpected
regional risks' whilst at the same time allowing us to
capitalise on opportunities that may present themselves globally.
Santova House
88 Mahatma Gandhi Road
Durban, 4001
Tel: +27 31 374 7000
Email: enquiries@santova.com
www.santova.com
16 May 2018
Durban
Sponsor
River Group
Date: 16/05/2018 02:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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