Sebata (SEB) is an investment holding company with four divisions: software solutions, water technologies, ICT support services, and consulting.
Their software solutions division consists of Sebata, which offers IT services to municipalities and public entities; Freshmark, which provides IT solutions to fresh produce providers; and Rdata, which offers an accounting package for the public sector. The water technologies division consists of Utility Systems, which provides electronic water control and pre-payment devices, and Amanzi Meters, which supplies water meters to the residential market.
The ICT support services division includes Turrito Networks, which provides telecommunications and managed solutions to the SME and corporate market, and Dial-a-Nerd, which provides IT support to SMMEs and professionals. The consulting division consists of Utility Management Services, which assists municipalities with meter reading and debt management, and Mubesko Africa, which consults to local government supplying draft policies and long-term financial planning.
Its market, which consisted primarily of municipalities, is renowned for being badly managed and for failing to pay their debts. In its results for the six months to 30th September 2023, the company reported revenue down 2,07% and a headline loss of 9,91c per share compared with a loss of 5,27c in the previous period. The company said, "Trading conditions in which the group operates remain arduous. These conditions have been exacerbated by the slowdown in the local economy and resultant slowdown in the spend of local authorities, specifically within the water sector. Local authorities are under pressure, with many being entirely dependent on funding from National Government in order to operate."
In a trading statement for the year to 31st March 2024, the company estimated that it would make a headline loss of between 100,75c and 103,65c compared with a loss of 14,48c in the previous year. The value traded in the share is less than R5 000 per day on average, which makes it impractical even for a small investment. Clearly, it does have some prospects in the UK.
Their software solutions division consists of Sebata, which offers IT services to municipalities and public entities; Freshmark, which provides IT solutions to fresh produce providers; and Rdata, which offers an accounting package for the public sector. The water technologies division consists of Utility Systems, which provides electronic water control and pre-payment devices, and Amanzi Meters, which supplies water meters to the residential market.
The ICT support services division includes Turrito Networks, which provides telecommunications and managed solutions to the SME and corporate market, and Dial-a-Nerd, which provides IT support to SMMEs and professionals. The consulting division consists of Utility Management Services, which assists municipalities with meter reading and debt management, and Mubesko Africa, which consults to local government supplying draft policies and long-term financial planning.
Its market, which consisted primarily of municipalities, is renowned for being badly managed and for failing to pay their debts. In its results for the six months to 30th September 2023, the company reported revenue down 2,07% and a headline loss of 9,91c per share compared with a loss of 5,27c in the previous period. The company said, "Trading conditions in which the group operates remain arduous. These conditions have been exacerbated by the slowdown in the local economy and resultant slowdown in the spend of local authorities, specifically within the water sector. Local authorities are under pressure, with many being entirely dependent on funding from National Government in order to operate."
In a trading statement for the year to 31st March 2024, the company estimated that it would make a headline loss of between 100,75c and 103,65c compared with a loss of 14,48c in the previous year. The value traded in the share is less than R5 000 per day on average, which makes it impractical even for a small investment. Clearly, it does have some prospects in the UK.
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