Page 34 - Integrated Annual Report

OPERATIONAL OVERVIEW(CONTINUED)
BUSINESS SYSTEMS GROUP (AFRICA) PROPRIETARY LIMITED (“BSG”)
www.bsg.co.za
BSG is a successful homegrown South African consulting and technology services company that is passionate about being a proactive force for positive change. We are founded by Africans, working for Africa since 1997.
We help our clients to transform their operations through insights discovery and technology-enabled change. We help business and IT leaders work together to solve their most important problems, while working with and growing their people to sustain the momentum of their results. We are able to make this happen through our people: top talent from diverse backgrounds with a collective commitment to create a culture of excellence, innovation, and growth.
BSG contributes to our poorest communities by supporting the education of the most deserving of our nation’s youth, through its decade long relationship with the LEAP Science and Maths Schools. BSG also proudly represents industry on many faculty advisory boards at our country’s leading universities.
Niveus Investments Limited (“Niveus”) and
La Concorde Holdings Limited (“La Concorde”)
Niveus was successfully delisted during the year and the shares of other shareholders purchased by HCI. Its sports betting subsidiary, Betcoza, was sold to Tsogo Sun Gaming and its remaining investments distributed to HCI in anticipation of winding up the Niveus holding structure. La Concorde agreed to sell certain properties to a third party during the year. It still holds the Laborie wine estate and a retail development in the Paarl area, as well as a collection of art, cash and an investment in Paarl Valley Bottling Company.
GRIPP Advisory (“GRIPP”)
www.grippadvisory.co.za
GRIPP commenced operations in April 2018, and now its Durban presence complements its Johannesburg and Cape Town offices. As an advisory and consulting company, GRIPP focuses on providing its services to the HCI group of companies and the wider market. During the past year, the company continued to deliver key client engagements in its Governance, Risk, Internal Audit, Information Technology, Investigations, and Regulatory Compliance service lines.
GRIPP is being well received in the market and is poised for further success underpinned by the quality of its product offering that is relevant to the South African economic context. Despite the negative setback from COVID-19 and the related lockdown restrictions on the business’s ability to trade and meet its financial obligations, the company continued to operate without having to reduce its staff complement. In line with the company’s growth trajectory, GRIPP will continue to seek to employ professionals that are aligned with its purpose, which is, to improve the governance, risk and internal control environment of its clients and a vision to thereby increase their stakeholder value.
GRIPP is also committed to the transformation and social imperatives of the HCI Foundation and participates in the foundation’s initiatives, including its student mentoring programme. In support of this, the company maintains a two-year learnership programme that is registered with FASSET and the Institute of Internal Auditors’ Leadership Academy. This programme directly contributes to the creation of new employment opportunities in the advisory and consulting sector for appropriately qualified HCI Foundation beneficiaries and other young people entering the job market. During the year, eight young individuals completed their two-year learnership with GRIPP and a further eight are currently at various stages in the programme.
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INTEGRATED ANNUAL REPORT 2021
HOSKEN CONSOLIDATED INVESTMENTS LIMITED