Jasco streamlines business, moves away from manufacturing

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Growth seen in technology and renewable energy businesses

Even in the face of low economic growth locally, Mark van

Earnings before interest, tax, depreciation and amortisation were up 4% to R118.9m, but group earnings per share were 12.9c, with headline earnings per share at 10.7c.Vuuren told Business Day that the company was restructuring to focus on three main areas: information communication technology , power and renewable energy, as well as security and fire solutions.

Jasco’s plan is to move from a physical-product selling model to annuity-based income. The company plans to move from selling solar power-generation units, to rather build infrastructure that customers can lease for 15-20 years through a power-purchasing agreement.

 

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