"MAINTAINING FOCUS" IS THE OVERALL THEME FOR THIS ANNUAL REPORT. BY CONCENTRATING ON SPECIFIC STRATEGIES, AECI WAS ABLE TO DELIVER A PROFITABLE PERFORMANCE IN A YEAR WHEN THE EFFECTS OF THE GLOBAL ECONOMIC CRISIS HAD A SERIOUS IMPACT ON TRADING ACTIVITIES. A FURTHER RESULT OF MAINTAINING FOCUS THROUGH THE CRISIS IS THAT THE GROUP IS WELL PLACED TO GAIN MAXIMUM ADVANTAGE FROM ANY IMPROVEMENT IN SOUTHERN AFRICAN, AFRICAN AND INTERNATIONAL BUSINESS ENVIRONMENTS IN 2010 AND BEYOND.

CHAIRMAN'S LETTER TO SHAREHOLDERS

I am pleased to report that, after a very challenging year, the AECI Group as a whole achieved satisfactory financial results in 2009. Our customers in the core business sectors...read more

Fani Titi
Chairman

CORPORATE GOVERNANCE
The AECI Group and its directors are committed to the principles of good corporate governance and to applying the highest ethical standards in conducting business. The Board is committed to the principles of openness, integrity and accountability and supports the principles contained in the Code of Corporate Practices and Conduct set out in the King II report on Corporate Governance ("King II"). The Board is taking steps to ensure that the Group will be compliant with the third King Report on...

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CORPORATE CITIZENSHIP
As a leading Group of companies that provide specialty products and services to customers mainly in the mining and manufacturing sectors, AECI is committed to making a positive contribution to the lives of individuals and communities in South Africa.

The focus is on how the Group relates...read more

FINANCIAL STATEMENTS
Statements of financial position
Income statements
Statements of comprehensive income
Statements of cash flow
Notes to the statements of cash flow
Notes to the financial statements
DOWNLOADS

ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2009

The annual report is available for download in PDF format.

Annual report [PDF - 3MB]
Other download options
REVIEW OF OPERATIONS
AEL Mining Services   Chemical Services   Heartland   SANS Technical Fibers
       
AEL Mining Services (AEL) is a leading developer, producer and supplier of commercial explosives, initiating systems and blasting services for mining, quarrying... Chemical Services Limited (Chemserve) is the specialty chemicals arm of AECI and manages a portfolio of 20 businesses, each focused on specific.... AECI's property activities have been restructured so that they are all managed through one entity which comprises three components: land development, property... SANS Technical Fibers (STF) is a North Carolina-based nylon fiber manufacturer which serves the North American market with specialty...