Integrated Annual Report 2020

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INTEGRATED ANNUAL REPORT 2020

Leadership reports

  • Chairman's report
  • Joint CEO's report
  • Financial Director's report

Chairman's report

The transactions related to Cell C regarding the extended national roaming agreement with the MTN Group and the recapitalisation by the Buffet Consortium, are progressing well and we are likely to provide further updates to our stakeholders during the remainder of the 2019 calendar year.

Chairman's review
Larry Nestadt, Chairman

Leadership reports

  • Chairman's report
  • Joint CEO's report
  • Financial Director's report

Joint CEO's report

The Blue Label Telecoms Group has been successful in delivering on its back-to-basics strategy during the year ended 31 May 2020. We have restructured the business to focus on core operations through the sale of the Blue Label Mobile and 3G Handset divisions and discontinued the retail operations of WiConnect.

Joint CEO's report
Mark Levy, Joint CEO                        Brett Levy, Joint CEO

Leadership reports

  • Chairman's report
  • Joint CEO's report
  • Financial Director's report

Financial Director's report

In spite of certain restrictions caused by the COVID-19 pandemic, Blue Label has continued to deliver essential services, including electricity, airtime, data and other digital services, as well as providing financial transactional services.

Financial Director's report
Dean Suntup, Financial Director

Highlights

  • A snapshot overview of Blue Label's financial performance for the year ended 31 May 2020. 

  • Revenue of
    R25.9 billion*
  • Increase in gross
    profit margin
    10.23%
  • +16%
    Increase in
    gross profit
    R2.65 billion
  • Core headline loss of
    304.77
    cents per share**
  • +8.5%
    Headline loss of
    312.49
    cents per share

* On inclusion of the gross amount generated on "PINless top-ups", prepaid electricity, ticketing and gaming, the effective increase equated to 7% from R56.0 billion to R59.9 billion. 
** On exclusion of negative contributions by the ceased operations of WiConnect and fair value downward adjustments, core headline earnings equated to 86.13 cents per share. 

 

How-we-create-value


  • BULK VOUCHERS

  • VENDING MACHINE

  • INTEGRATED GATEWAY

  • KIOSK

  • POINT-OF-SALE TERMINAL

  • TOUCH SCREEN

How we create value

Blue Label's preparations for a potential
COVID-19 lockdown level 5 began in earnest
in late February/early March 2020. Enormous
effort went into preparing how to efficiently
respond and facilitate staff working from home
without interrupting any of our core services.

Our COVID–19 efforts