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01

PROFILE AND
STRATEGY

AECI is a South African-based company focused on providing products and services to a broad spectrum of customers in the mining, water treatment, plant and animal health, food and beverage, infrastructure and general industrial sectors. It has regional and international businesses in Africa, Europe, South East Asia, North America and Australia.

The Group now comprises 17 businesses and, at 31 December 2017, it had 6 522 employees. Another 850 permanent employees joined the Group when Schirm became AECI-owned on 30 January 2018 and a further 536 joined from Much Asphalt when this transaction closed on 3 April 2018.

VIEW PROFILE AND STRATEGY

5 Pillars

  MINING
SOLUTIONS
  WATER
& PROCESS
  PLANT & ANIMAL
HEALTH
  FOOD
& BEVERAGE
  CHEMICALS

CHAIRMAN'S REPORT

DEAR STAKEHOLDERS

It gives me great pleasure to report that, in my first year as Chairman of AECI, the Company achieved very pleasing results thanks to a particularly strong trading performance in the last quarter. Operating profit was R1 579 million, 18% higher year-on-year

CHAIRMAN'S REPORT
Khotso Mokhele
CHAIRMAN
Khotso Mokhele
02

  • 03
    STAKEHOLDER
    ENGAGEMENT
  • 04
    SAFETY, HEALTH AND
    THE ENVIRONMENT
  • 05
    GOVERNANCE REPORT

STAKEHOLDER
ENGAGEMENT

The AECI Group comprises a broad spectrum of businesses in more than 20 countries. There are currently 16 operating entities reporting to the AECI Executive Committee (”Executive Committee”) and, via this Committee, to the Board.

The spectrum of businesses is matched by a range of stakeholders — those persons or groups who can affect or be affected by the Group’s activities.

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SAFETY, HEALTH AND THE ENVIRONMENT

The AECI Group, as a matter of policy, is committed to a clean, safe and healthy environment for its employees, contractors, customers and surrounding communities.

SAFETY, HEALTH AND THE ENVIRONMENT

GOVERNANCE REPORT

The role of the Board is to exercise leadership, integrity and sound judgement in the business and to provide strategic direction to the Company, with a keen understanding of key risks, and to continually monitor performance against set objectives.

The AECI Board views good corporate governance as being fundamental to how it discharges its duty to oversee the Group as a whole. The Board’s approach is to effect continuous improvement and endeavour to go beyond minimum compliance imperatives wherever appropriate. Accordingly, in 2017 the Directors continued to oversee the application of governance requirements to facilitate their ability to execute their statutory and fiduciary responsibilities and their duty of care and skill.

GOVERNANCE REPORT


  •      
    INTEGRATED REPORT
    AND ANNUAL FINANCIAL STATEMENTS

    2017
    Produced by: Bastion

    © 2017 All rights reseved