After two years of proof-of-concept negotiations with Discovery Insure, Ctrack was awarded the tender to supply Discovery with the DQ track device, supporting Discovery’s driver-behaviour based insurance offering. The project started in June 2011 and growth has exceeded expectations. Projections for future units being installed is significant.

The fifth Ctrack Lifestyle Fitment Centre was officially opened in August 2010 near Menlyn Shopping Centre in Pretoria East. These lifestyle centres have improved customer access and delivery and became profitable during the review period. In the second half of the period, Ctrack was selected as a preferred supplier by Santam Insurance Company. This relationship will be developed in the new financial year.

In the last quarter we acquired a 50,1% equity stake in MotorOne, previously owned by the Wesbank group. This will improve penetration of our Ctrack products and solutions into the dealer channel, where MotorOne has specific skills.

MotorOne operates a wholesale business model with 18 branches and over 220 staff. It specialises in offering automotive accessory products for the after-market requirements of vehicle owners. We are excited about prospects in the new financial year for this part of our business.

The number of customers serviced by our 24-7 call centre and bureau service continues to grow, increasing the annuity revenue in this business unit.

Similarly our cellular division has grown the subscriber base of lines administered as a result of the growth in unit sales in the South African operations.