Limtech Corporate Profile

Limtech is a leading provider of CCTV, Access Control and Time & Attendance Solutions, specializing in Biometric Fingerprint Recognition. Limtech has offices in JHB and KZN with regional representation in all major centres around the country.

Limtech prides itself on the local manufacture, assembly, customization and support for a large product range of, local and international, hardware and software security solutions.

Limtech offers a complete security solution supporting: hardware solutions, software solutions, system installation, system training and system maintenance.

Limtech Security Solutions was founded by Limitless Investments in 1999. Hosken Consolidated Investments (HCI) invested into Limtech in September 2000. Limtech was awarded its Proudly South African Status in 2003.

Directors and Management

+ Riaan Launspach – CEO

+ Chris Snell – Managing Director

+ Kim Long – Financial Director

+ Stuart Queen – Non-Executive Director

+ Byron Grainger – Technical Director

+ Ian Gartrell– Sales Manager KZN

+ Graham Russell – Sales Manager JHB

+ Mike Fairlamb – Software Development Manager

Shareholding

Hosken Consolidated Investments (HCI) is one of the largest Black Empowerment Companies listed on the Johannesburg Stock Exchange with a market capitalization in excess of R7 billion.

HCI is controlled by the South African Clothing and Textile Workers Union (SACTWU). SACTWU employs over 100,000 previously disadvantaged individuals, of which more than 90% are disadvantaged females.

The establishment of the HCI Foundation represent a corporate social responsibility initiative that supports social development nationally. In general, the foundations objective is to uplift needy communities and individuals, and to enhance the quality of life and opportunities available to employees of subsidiaries and associates of the HCI group.

Some of HCI’s other major investments include: e-TV, Tsogo Sun, Johnnic Holdings, Golden Arrow Bus Services, Clover Industries and Gallagher Estate.

Hosken Consolidated Investments Limited

Background

Hosken Consolidated Investments Limited (HCI) is a leading broad based black empowerment company listed on the JSE Securities Exchange with a market capitalisation in excess of R3 billion.

It is presently controlled by the South African Clothing and Textile Workers Union (“SACTWU”) the  members of which comprise some 113 000 clothing and textile workers.

In an effort to overcome chronic funding shortages SACTWU formed an investment arm in 1993, with a vision of building up a sizable capital base that would free it from depending on donations to fund its social responsibility programmes. In 1997, the investment arms of SACTWU and the National Union of Mineworkers (“NUM”) acquired control of HCI by reversing a number of their investments into HCI. In 2001, SACTWU took control of HCI.
 
HCI’s most significant shareholder is the South African Union (“SACTWU”) which holds, through its investment trust, 42.14% of HCI. SACTWU together with other previously disadvantaged individuals currently hold some 53% of the share capital of HCI. The beneficiaries of the SACTWU investment trust are the SACTWU members and their dependents. Although SACTWU has 112 608 members the beneficiaries of the SACTWU trust include the dependents of the members.

Board of Directors

+ Marcel Golding (Executive Chairman);

+ John Copelyn (Chief Executive Office);

+ Elias Mphande (Executive Director);

+ Freddie Magugu (Non Executive);

+ Virginia Engel (Non Executive);

+ Amon Ntuli (Non Executive);

+ Jabu Ngcobo (Non Executive)

HCI’s Investments

HCI’s investments are spread over a variety of industries. Some of its more significant investments include:

Media and entertainment

Gaming

Industrial/Other

Property

Information Technology

Food and Beverage

+ Clover Industries Limited

HCI Profile

Website: www.hci.co.za