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The Ilitha Group Pushes Ahead When I come to work each day, it almost feels wrong to be positive and successful within a business environment where we constantly hear about companies that are experiencing difficulties related to the recessionary pressures or banking crisis. But to be positive and successful is exactly what we must be, because that is the only way forward and back to a growing economy. So it is without reserve that I make the statement that the Ilitha Group has just completed its best year ever in terms of revenue growth, organizational capability and the roll out of systems to help us better manage and control the business, in pursuit of new opportunities. Since formulating Ilitha in 2003, this business has grown its revenue from R16.7 million a year to R91.4 million a year, which is an average growth rate of just under 35% per annum, which is pretty good in my book. But what really pleases me as Managing Director of this organization is that, despite the market pressures, we are set to continue this growth rate over the next financial year and hopefully in the years to come.  Note: Each bar represents the revenue for the year that ended on the 28th February of that year.
Over the past year we have also completed the restructuring of our business into a group structure with holding company and subsidiaries. By doing this, we are now able to more efficiently share the cost of common support services such as Accounts/HR/IT/Office Facilities and Marketing, and we are able to easily integrate new businesses into the group as we grow and pursue new opportunities. We are confident that our new stream-lined group structure will assist us into continuing our growth trend in the 2010 financial year. Dave Welbourne Ilitha Group Managing Director |