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POWER TECHNOLOGIES (PTY) LTD
 
 
POWERTECH
Description of business
Powertech, established in 1978, has through organic growth, exports and acquisitions become one of the leading suppliers of electrical and electronic equipment in southern Africa. Powertech consists of a large number of individual operations organised into five operating divisions – Cables, Transformers, Batteries, Industrial and System Integrators – which specialise in the manufacturing and delivery of world-class products, services, expertise and solutions to address diverse needs for electrical and power equipment in South Africa and beyond. Powertech is proud to be the number one or two supplier in all of its chosen markets – power infrastructure, large power users, mining, telecommunications, transport, building and construction.
B-BBEE partners
Izingwe Capital   –  27% Aberdare Cables, 25.1% Powertech IST   |   Key principal: Sipho Pityana
Kagiso Ventures Limited   –  25.1% Battech & Rentech   |   Key principal: Afzal Patel
Power Matla   – 20% Powertech Transformers   |   Key principal: Solly Moloko
Mahogany Capital   –  25.01% Powertech Calidus   |   Key principal: Taurai Muranda
Operational structure and key products
Powertech Cables
  • Aberdare Cables
  • Aberdare Intelec Mozambique
  • CBi-electric Aberdare ATC Telecom Cables
  • Swanib Cables
  • Alcobre Conductores Eléctricos SA
  • Cables de Comunicaciones
  • Alcon Marepha
Powertech Transformers
  • Powertech Transformers
Powertech Batteries
  • Battery Technologies
  • Rentech
  • Powertech Batteries
  • Powerbat
  • Dynamic Batteries
 Powertech Industrial
  • Crabtree Electrical Accessories (SA)
  • Powertech Calidus
  • Strike Technologies
  • Tridonic.SA
Powertech System Integrators
  • Powertech IST
  • Technology Integrated Solutions
  
Financial highlights
REVENUE
R7.2 billion

EBITDA
R424 million
  • Powertech continued to experience difficult trading conditions
  • Cost control actions position Powertech positively to meet new demand levels
  • Powertech headcount reduced by approximately 800 employees – 20% reduction
  • Vigorous cost control resulted in manufacturing cost decrease by 1% despite inflationary pressures and increased depreciation charge
  • Good working capital management resulted in cash flows of over R300 million
  • Strong performance by Powertech Transformers from good order book
Prospects
  • Defend market against international competition
  • Continue to focus on internal efficiencies
Leverage off low cost base and expected gradual recovery in markets
  • Secure consistency in material supplies
  • Investment in skills and development for greater intellectual property
  • New product and business development for additional revenue streams
Total number of employees
Headline earnings
Group contribution
4 593