IN­TER­EST­ING PIPE­LINE

Finweek English Edition - - Companies & markets - BELINDA AN­DER­SON

SMALL, ALTX-LISTED IFCA Tech­nolo­gies came to mar­ket in De­cem­ber 2006 and holds the African in­tel­lec­tual prop­erty rights for niche soft­ware and hard­ware prod­ucts from Malaysia for in­dus­tries rang­ing from hos­pi­tal­ity to prop­erty de­vel­op­ment to ed­u­ca­tion.

Th­ese in­clude soft­ware for man­ag­ing ho­tels, B&Bs and coun­try clubs, the de­vel­op­ment of private es­tates, Gov­ern­ment hous­ing projects and other large in­fra­struc­ture con­tracts. Clients so far in­clude the Jo­han­nes­burg Coun­try Club, Ea­gle In­ter­na­tional, The Botswana Hous­ing Cor­po­ra­tion and the Namibia Hous­ing Cor­po­ra­tion.

The par­ent com­pany has been listed on the Kuala Lumpur Stock Ex­change since 2003. Its founders con­trol the com­pany in SA. Be­tween them, the direc­tors own 72% of the shares.

IFCA Tech­nolo­gies made R3,7m in profit for the 10 months to De­cem­ber (the year-end was changed to re­flect that of the par­ent) off rev­enue of R14,75m. OP­POR­TU­NI­TIES In dis­cus­sions with a multi­na­tional ho­tel chain with a 200-strong dis­tri­bu­tion net­work in SA and the re­gion, var­i­ous prop­erty de­vel­op­ers and na­tional hous­ing in­sti­tu­tions. Has also re­sponded to var­i­ous in­fra­struc­ture-re­lated ten­ders. In hard­ware, there’s an interactive white­board sys­tem that it says it’s in dis­cus­sions with SA’s Ed­u­ca­tion De­part­ment con­cern­ing us­ing it for e-learn­ing in schools. RISKS That few of the dis­cus­sions ma­te­ri­alise or ne­go­ti­a­tions take much longer than ex­pected. • The need to train/re­train skilled re­sources while keep­ing

costs un­der con­trol.

IFCA TECH­NOLO­GIES

Source: I-Net Bridge

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