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.