Reports
Welcome to our
2024 reporting suite
CHIEF EXECUTIVE OFFICER’S REPORT Felicia Msiza, Chief Executive Officer
"As we celebrate our 50th birthday, we also celebrate the solid results reported for the year ended 29 February 2024."
I am pleased to report to shareholders that the Group’s performance for the year ended 29 February 2024 has been commendable, particularly given the myriad of challenges faced by the country as well as the industries in which we operate. This performance is especially pleasing in light of the fact that the Beitbridge Border Post Project is no longer included in our numbers, given the completion of the project in the prior financial year. We have managed to deliver an impressive three-year compound annual growth rate of 79.8% on headline earnings per share, an exceptional performance that attests to our robust strategy.
CHAIRMAN’S STATEMENT Rudolf Fourie, Chairman
" This year Raubex celebrates 50 years of excellence and growth, an absolute testimony to the resilience of the Group and its ability to both soar in good times and withstand the bad. This spirit of perseverance is once again reflected in the Group’s financial performance. I would thus like to congratulate the Raubex team on producing another set of solid results in an ever-challenging socioeconomic environment."
FINANCIAL DIRECTOR’S REPORT Sam Odendaal, Financial Director
" The Group continued to deliver on its stated strategy, unlocking stakeholder value for all. Celebrating 50 years of growth, it gives me great pleasure to report on another solid set of results for the year ended 29 February 2024."
OUR BUSINESS MODEL
GEOGRAPHICAL FOOTPRINT
OUR STRATEGIC OBJECTIVES
KEY FACTS
Revenue
R17.43 billion
13.8%
(2023: R15.31 billion) 13.8%
Operating profit
R1.54 billion
20.4%
(2023: R1.28 billion)
Headline earnings per share
476.3 cents
21.3%
(2023: 392.8 cents)
Earnings per share
472.1 cents
20.7%
(2023: 391.1 cents)
Cash generated from operations
R1.90 billion
2.9%
(2023: R1.96 billion)
Net asset value
R6.61 billion
13.9%
(2023: R5.80 billion)
Capital expenditure
R1.76 billion
53.0%
(2023: R1.15 billion)
Order book
R25.55 billion
27.5%
(2023: R20.04 billion)
Total dividend per share
155 cents
20.2%
(2023: 129 cents)
B-BBEE (Construction Sector Codes)
Level 1
(2023: Level 1)
Employees
8 276
8.1%
(2023: 7 660)
Total workforce (including indirect employees)
17 596
23.3%
(2023: 14 272)
HDSAs in SA workforce
86.0%
170bp
(2023: 84.3%)
Women in total workforce
17.5%
70bp
(2023: 16.8%)
Training and development spend
R35.3 million
11.7%
(2023: R31.6 million)
Our approach to Sustainability
“Our commitment to value creation is intrinsically tied to enhancing the quality of life and well-being within the communities where we operate. Raubex, across both its African and international endeavours, prioritises investment in people and communities while also acting responsibly to minimise its environmental impacts.”
Felicia Msiza Chief Executive Officer
Explore our sustainabity commitment
Our case studies
Raubex subscribes to the notion that doing business is about creating shared values and meeting its responsibilities in contributing to economic development, society, communities and the environment for the benefit of our wider stakeholder groups.
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Our environmental approach
Raubex recognises its responsibility to the environment, which goes beyond only legal and regulatory requirements. The Group is committed to reducing the impact its operations have on the environment and continually strives to improve its environmental performance as part of its business strategy.
Read moreOur social investment
Human Capital management is key to the business and strategy to enable the successful execution of the Group’s objectives. We invest in our employees and ensure that they operate in a safe, reliable and sustainable environment.
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