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About this report

Our Integrated Report is the principal communication interface with our shareholders and other stakeholders of Datatec Limited who have a vested interest in our Company and its commitment to create value and ensure a sustainable business for the future.

Scope and boundary

The Integrated Report endeavours to present an overview of the financial, economic, environmental, social and governance performance of the Group for the year 1 March 2020 to 28 February 2021 (“FY21”). Datatec’s aim is to present a holistic overview of the value the Group seeks to create for stakeholders by communicating content that is useful and relevant in an open and balanced manner. The report summarises the Group’s strategy, business model, operations, risks, stakeholder interests, governance and its approach to sustainability that takes account of resources employed in its business activities and resources and groups on which Datatec has an impact.

The information disclosed encompasses all divisions and subsidiaries of Datatec Limited, across all regions of operation unless indicated otherwise.

Datatec published its FY21 results on 25 May 2021 which is the effective date of this Integrated Report.

Materiality

This report focuses on matters that materially impact Datatec’s ability to create value over the short, medium and long term, execute its strategy and impair profitability.

Identifying our potential material matters requires input from divisions and subsidiaries, and feedback from Datatec’s shareholder engagement roadshows has been used to identify matters to report on.

An assessment of Datatec’s material matters and ranking of importance is performed by the Board.

REPORTING BOUNDARY

Reporting period

1 March 2020 to 28 February 2021
(except for Notice of Annual General Meeting (“AGM”) and form of proxy in the Annual Report dated June 2021)

Target readers

Shareholders and other stakeholders of Datatec Limited who have a vested interest in our Company

Integrated Report

Strategy, operating context, risks, stakeholder outcomes, financial and non-financial performance

Annual Report

Governance, CSI, financial results

FINANCIAL REPORTING BOUNDARY

Datatec Limited
Subsidiaries
Associates
Refer to note 42 of the Group consolidated annual financial statements in the Annual Report for a list of subsidiary companies and equity-accounted associates.

MATERIALITY PROCESS

Identify

issues that have the potential to materially impact Datatec’s ability to:
Create value over the short, medium and long term
Execute its strategy
Impair profitability
Identify issues that have the potential to destroy value for stakeholders
Input from divisions and subsidiaries
Feedback from shareholder engagement roadshows

Rank

Material issues are ranked in order of importance by the Board based on those with the greatest relevance in our operating context
These issues together with our key risks are used to determine the matters that are material to our ability to create value over the short, medium and long term and that could adversely affect the Group’s ability to achieve its objectives and successfully execute its strategies
Key risks are documented in risk registers

Assess

Material matters are regularly discussed and assessed by the Board.
Consideration is given to
  • Datatec’s strategy and ensuring that our strategy remains relevant
  • Our business model
  • Our operating environment and the potential impact on opportunities for the Group
  • Outcomes for stakeholders

Assurance

To ensure the integrity of reporting in the Integrated and Annual Reports, the Group has a formal combined assurance model in place, which includes management, external audit, internal audit and other independent assurance providers.

The Integrated Report has been reviewed by the Audit, Risk and Compliance Committee (“ARCC”), the Board, Company Secretary and investor relations consultants.

Framework

The following frameworks have been applied in the preparation of the Integrated Report:

  • King IVTM* Report on Corporate Governance in South Africa 2016 (“King IV”)
  • Companies Act 71 of 2008 (“the Companies Act”)
  • JSE Listings Requirements
  • The International Integrated Reporting Framework
  • Discussion Papers issued by the South African Integrated Reporting Committee (“IRC”) and the International Integrated Reporting Council (“IIRC”)
  • International Financial Reporting Standards (“IFRS”) – applied in preparing the consolidated annual financial statements of the Annual Report and all financial data derived therefrom in the Integrated Report

Jens Montanana

Chief Executive Officer (“CEO”)

Ivan Dittrich

Chief Financial Officer (“CFO”)

Johnson Njeke

Chair: ARCC
* Copyright and trademarks are owned by the Institute of Directors in South Africa NPC and all of its rights are reserved.

Board confirmation

The Board acknowledges its responsibility for the integrity of the Integrated and Annual Reports.

The directors confirm they have collectively assessed the content and believe it addresses the material matters that substantively affect the organisation’s ability to create value over the short, medium and long term and is a fair representation of the integrated performance of the Group.

The ARCC, which has oversight responsibility for the Integrated Report, acknowledges its responsibility to ensure the integrity of this Integrated Report and has applied its mind to the preparation and presentation of the report. It has concluded that the report has been presented in accordance with the International Integrated Reporting Framework and recommended the report for approval by the Board of directors.

The Board has therefore approved the 2021 report for release to stakeholders.

The Board is committed to providing effective leadership to the Group and fully embraces the principle of ethical leadership in setting and implementing the strategy and Group’s approach to governance, guided by the principles of King IV.

In addition, the Board takes full responsibility for the management, direction and performance of the Group by exercising independent judgement on all issues reserved for its review and approval while taking cognisance of the needs of stakeholders.

Stephen Davidson

Chair

Jens Montanana

CEO

Ivan Dittrich

CFO

Ekta Singh-Bushell

Senior independent non-executive director

Maya Makanjee

Independent non-executive director

John McCartney

Independent non-executive director

Rick Medlock

Independent non-executive director

Johnson Njeke

Independent non-executive director

Navigation icons

These icons refer to our strategic objectives:

Improving shareholder returns
Business development
Enhancing competitiveness and profitability
Corporate social responsibility

Datatec has identified and prioritised the following Sustainable Development Goals (“SDGs”):

Further information is available online
Further information is available within the Integrated or Annual Report
Linked to executive remuneration


INTEGRATED AND ANNUAL REPORTS 2021