Super Group Limited
(Registration number: 1943/016107/06)
(Share code: SPG)
(ISIN Code: ZAE000011334)
Press Release:
SUPER GROUP ACHIEVES R4 BILLION IN ANNUITY INCOME
Super Group has substantially increased its annuity income base to over R4
billion in long-term contracts which range for periods of 3 to 5 years.
Dr Larry Lipschitz, Executive Chairman of Super Group attributes this
increase to his group's well established supply chain strategy of building
supply chain management, technology, IT and consulting competencies, while
continuing to hold relevant distribution, warehousing and transport assets.
Over the past four months Super Group companies have been awarded over R350-
million in new annuity contracts. These include, among others: ABI, Delta
Motor Corporation, Shatterprufe, Sappi, Engen, Tastic Rice and Fattis &
Monis. At the end of last year the group won contracts from Goodyear, the
Department of Transport and the South African Police Services.
Dr Lipschitz says that in the global economy effective supply chain
management has become a critical factor in most business operations. By
integrating logistics into basic business planning, companies worldwide are
achieving substantial cost savings while at the same time enhancing levels
of customer service.
"Super Group is continually developing strategic supply chain partnerships
with blue chip companies in Africa. This is done through combining the
expertise, resources, capabilities and technologies of our organisation with
those of the client and outside service providers to develop a total supply
chain solution. Outside service providers could include business partners,
independent operators and even competitors to individual Super Group
companies," he says.
He points out that there are still at least 50 South African companies
spending over R500 million a year on their supply chains - "Most are not
doing the job efficiently as it is not one of their core activities. I
believe we could bring about savings of up to 20% for such groups", he adds.
ends
For further information:
Larry Lipschitz
Tel: 783 0100
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