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About this report
Our integrated report is an important communication interface with our shareholders and other stakeholders of Datatec Limited who have a vested interest in our Group and its commitment to create value and ensure a sustainable business for the future.
Scope and boundary
This integrated report endeavours to present an overview of the financial, economic, environmental, social and governance performance of the Group for the year 1 March 2023 to 29 February 2024 (“FY24”). 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 and Responsible Business practices 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 FY24 results on 27 May 2024 which is the effective date of this integrated report, except for the Chair’s review dated 28 June 2024.
Overview
Datatec is an international information and communication technology (“ICT”) solutions and services group that has annual revenues in excess of US$5.5 billion. It was founded in 1986 and has been listed on the Johannesburg Stock Exchange (“JSE”) since 1994.
Fast facts
Revenue
US$5.5 billion
Founded in
1986
Global customers and partners
over 12 000
Employees
over 11 000
Listed on JSE since
1994
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Taking full advantage of the positive market dynamics to drive profitability
I am pleased to report a strong operational performance with improved quality of earnings through our divisions’ continuing successes in capturing new growth opportunities.
Continued excellent execution despite challenging Latin America conditions
Maya Makanjee
Chair
Our business model
The Group has a decentralised business model which empowers its divisional management teams to make operational decisions that are best suited to their individual operating needs but within a strategic operating and financial framework set by the Group to ensure sustained value for all stakeholders.
Our activities
The Group’s offering spans various sectors of the ICT market.
Our strategy
Datatec’s goal is to improve shareholder returns over the medium term through a combination of corporate and business development actions aimed at enhancing the competitiveness and profitability of its subsidiaries and operating divisions. In executing its strategy, Datatec is cognisant of its corporate social responsibility.
Westcon International
Westcon International’s ambition is to be the leading value-added distributor for cyber security and networking vendors across Europe, the Middle East, Africa and Asia-Pacific.
Logicalis International
Logicalis International’s ambition is to be the leading ICT services and solutions partner to customers in its key markets around the world.
Logicalis Latin America
Logicalis Latin America’s ambition is to be one of the key enablers of the region’s technological evolution, driving its customers’ digital transformation through sustainable and inclusive high-value services.
Value added statement
Employees
77.3% (FY23: 72.5%)
US$791 million
(FY23: US$724 million)
Providers of
financial capital
6.7% (FY23: 4.7%)
US$69 million
(FY23: US$47 million)
Distributions to
shareholders
2.2% (FY23: 17.2%)
US$23 million
(FY23: US$172 million)
Reinvested in the Group
9.9% (FY23: 2.8%)
US$101 million
(FY23: US$28 million)
Government
3.5% (FY23: 2.7%)
US$36 million
(FY23: US$27 million)
Distributions to
non-controlling interests
0.3% (FY23: 0.1%)
US$3 million
(FY23: US$1 million)