QUARTER 2 BUSINESS PERFORMANCE REPORT Overview of
Description: QUARTER 2 BUSINESS PERFORMANCE REPORT Overview of performance against corporate KPIs Financial Performance Product and Network Performance Governance Internal Audit Management Letter Points Risk Management Enterprise Development Human
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slide1. QUARTER 2 BUSINESS PERFORMANCE REPORT<br>
slide2. Overview of performance against corporate KPIs
Financial Performance
Product and Network Performance
Governance
Internal Audit
Management Letter Points
Risk Management
Enterprise Development
Human Capital Development INTRODUCTION<br>
slide3. Performance against corporate KPIs<br>
slide4. Performance against corporate KPIs * In Quarter 2, eight KPIs are applicable and 6 out of 8 (75%) targets have been achieved<br>
slide5. Performance against corporate KPIs<br>
slide6. Performance against corporate KPIs Performance against corporate KPIs<br>
slide7. Performance against corporate KPIs Performance against corporate KPIs<br>
slide8. Financial Performance<br>
slide9. Financial Performance
Q2 September 2016<br>
slide10. TV revenue is below budget mainly due to DTT revenue not materializing as a result of optimization of the network.
SW revenue is below budget due to Radio Lead Africa suspension, contract termination of TWR and no new revenue realised per our projected 8hrs/day additional sales. Financial Performance
Revenue Per Service<br>
slide11. Product and Network Performance<br>
slide12. Product and Network Performance<br>
slide13. The priority activities for the Board during this quarter were:
Annual General Meeting
Recruitment of the CFO
Board evaluation
Consideration of the 2015/16 Annual Financial Statements and Annual Report
Board and Board Committee meetings
Compliance with statutory requirements
SENTECH has achieved a clean audit for the fourth successive year. Governance<br>
slide14. Internal Audit Internal Audit is on track with the execution of its Annual Internal Audit Plan.<br>
slide15. SENTECH has enjoyed four years of unqualified audit opinion since 2012/2013.
The following is a summary of progress against the 26 findings issued by the external auditors on 31 July 2016:
Forty two percent (42%) of findings have been addressed,
31% are ongoing
27% are in progress. Management Letter Points (MLPs)<br>
slide16. Developments and emerging risks associated with our big customers are being monitored and mitigation strategies on managing these emerging risks are in place.
The revenue assurance risks are being managed to ensure that all revenue due to SENTECH is collected.
Management will continue to double efforts in implementation of all activities related to KPIs to reduce the risk levels. Risk Management<br>
slide17. SENTECH supported 13 SMMEs which in turn created 68 jobs and 5 internship programmes for young people. Four were offered grants to the value of R2.7 million that was used for equipment, IT systems, office infrastructure and training. Other SMMEs were in the Incubation programme amounting to R3.5 million. Enterprise Development<br>
slide18. Attracting African talent remained a key driver of our recruitment process.
At top management levels 100% are black, 87% at senior management and 72% at specialists and middle management levels are black; and 82% for skilled and technical levels
Most of the human capital activities are on track, namely, overtime management, employee wellness, policy reviews, staff retention, employee relations, health and safety, and training.
Performance management and succession planning are being addressed. Human Capital Development<br>
slide19. Human Capital Development… Building high performance teams through:
Training : 40% of the 2016/17 approved training plan interventions implemented
Bursaries : 35 of the 106 bursary applications for 2016/2017 were approved
Changing the environment
Office space : 30% of construction to be done in this financial year
STP Canteen re-establishment : Estimated operational date before end of Q4
Appointment of new CFO
This appointment completes the filling of vacancies at Executive Director level.<br>
slide20. Thank You!<br>
slide2. Overview of performance against corporate KPIs
Financial Performance
Product and Network Performance
Governance
Internal Audit
Management Letter Points
Risk Management
Enterprise Development
Human Capital Development INTRODUCTION<br>
slide3. Performance against corporate KPIs<br>
slide4. Performance against corporate KPIs * In Quarter 2, eight KPIs are applicable and 6 out of 8 (75%) targets have been achieved<br>
slide5. Performance against corporate KPIs<br>
slide6. Performance against corporate KPIs Performance against corporate KPIs<br>
slide7. Performance against corporate KPIs Performance against corporate KPIs<br>
slide8. Financial Performance<br>
slide9. Financial Performance
Q2 September 2016<br>
slide10. TV revenue is below budget mainly due to DTT revenue not materializing as a result of optimization of the network.
SW revenue is below budget due to Radio Lead Africa suspension, contract termination of TWR and no new revenue realised per our projected 8hrs/day additional sales. Financial Performance
Revenue Per Service<br>
slide11. Product and Network Performance<br>
slide12. Product and Network Performance<br>
slide13. The priority activities for the Board during this quarter were:
Annual General Meeting
Recruitment of the CFO
Board evaluation
Consideration of the 2015/16 Annual Financial Statements and Annual Report
Board and Board Committee meetings
Compliance with statutory requirements
SENTECH has achieved a clean audit for the fourth successive year. Governance<br>
slide14. Internal Audit Internal Audit is on track with the execution of its Annual Internal Audit Plan.<br>
slide15. SENTECH has enjoyed four years of unqualified audit opinion since 2012/2013.
The following is a summary of progress against the 26 findings issued by the external auditors on 31 July 2016:
Forty two percent (42%) of findings have been addressed,
31% are ongoing
27% are in progress. Management Letter Points (MLPs)<br>
slide16. Developments and emerging risks associated with our big customers are being monitored and mitigation strategies on managing these emerging risks are in place.
The revenue assurance risks are being managed to ensure that all revenue due to SENTECH is collected.
Management will continue to double efforts in implementation of all activities related to KPIs to reduce the risk levels. Risk Management<br>
slide17. SENTECH supported 13 SMMEs which in turn created 68 jobs and 5 internship programmes for young people. Four were offered grants to the value of R2.7 million that was used for equipment, IT systems, office infrastructure and training. Other SMMEs were in the Incubation programme amounting to R3.5 million. Enterprise Development<br>
slide18. Attracting African talent remained a key driver of our recruitment process.
At top management levels 100% are black, 87% at senior management and 72% at specialists and middle management levels are black; and 82% for skilled and technical levels
Most of the human capital activities are on track, namely, overtime management, employee wellness, policy reviews, staff retention, employee relations, health and safety, and training.
Performance management and succession planning are being addressed. Human Capital Development<br>
slide19. Human Capital Development… Building high performance teams through:
Training : 40% of the 2016/17 approved training plan interventions implemented
Bursaries : 35 of the 106 bursary applications for 2016/2017 were approved
Changing the environment
Office space : 30% of construction to be done in this financial year
STP Canteen re-establishment : Estimated operational date before end of Q4
Appointment of new CFO
This appointment completes the filling of vacancies at Executive Director level.<br>
slide20. Thank You!<br>