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Q1 Report: Telecom Performance & Financial Highlights

This report provides an overview of the telecom company's performance, financial highlights, dual illumination funding deficit, revenue per service, pre-determined objectives and key projects progress. It also includes updates on human resources, including new appointments and terminations.

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Q1 Report: Telecom Performance & Financial Highlights

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  1. 1st QUARTER REPORT FOR PERIOD ENDING 30 JUNE 20154 August 2015 TO THE PARLIAMENT PORTFOLIO COMMITTEE ON TELECOMMUNICATIONS AND POSTAL SERVICES

  2. CONTENTS • PERFORMANCE OVERVIEW • FINANCIAL PERFORMANCE • DUAL ILLUMINATION • REVENUE PER SERVICE • PRE-DETERMINED OBJECTIVES • KEY PROJECTS PROGRESS • HUMAN RESOURCES

  3. Q1 Performance Overview • Q1 Highlights • Revenue from continuing business: 4% (R9 million) above budget • DTH - 7% • Facilities Rental – 12% • Earnings Before Interest and Taxes (EBIT) – 74% (R27 million) above budget. • 13th Cheque facility agreement with the employees • 5 out of 6 services exceeded the SLA targets of network availability. • Leadership Development Programme Graduation ceremony • Commissioned 2 Greenfield sites: • Harrismith • Ngqeleni

  4. Financial Performance

  5. Dual Illumination Funding Deficit • Dual illumination activities are in respect of incremental costs arising from running the analogue and the digital networks simultaneously, and this will continue until analogue switch-off. • The estimated incremental cost for dual illumination for the FY2016 is R131m, and the funds allocated amount to R99m, thus leaving a funding deficit of R32m.

  6. Revenue Per Service (Year on Year)

  7. Pre-Determined Objectives (“PDO”)

  8. PDO-Non Achievement

  9. PDO-Non Achievement Signing performance contracts by SENTECH employees NON-BARGAINING: 100% ACHIEVED: 100% SHORTFALL: 0 BARGAINING UNIT: 90% ACHIEVED: 0% SHORTFALL: 100% 2014: BACKGROUND WAY FORWARD 2015: PROGRESS MADE • Gratuity payments to bargaining unit staff – commitment to sign performance contracts. • Consultation with the Union on the performance management system (PMS). • Follow SENTECH short-term incentive scheme – guidelines. • Consultations with employees. • SENTECH commitment to implement PMS. • Continuous further engagements with Union and staff to address individual concerns • Guaranteed 13th Cheque demands • Resulted in the halting of all other consultations, until an agreement. • Resolution reached in May 2015. • SENTECH resumed the process of implementing the performance management system in line with the approved policy.

  10. Government key projects

  11. HUMAN RESOURCES The company had 539 staff complement at the end of the first quarter. Appointments 24 appointments were made (internally and externally) of which 63% are black and 29% were black females. At the end of the Quarter the company had a total of 19 learners Terminations The company had 5 terminations, 2 at senior management level, 2 at professional/ skilled level and 1 at semi skilled. Staff turnover rate for Q1 was 0.9%.

  12. END

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