CUEINCIDENT



		19.5% Cueincident (Proprietary) Limited (Cueincident) provides command control centres with high-technology surveillance devices and cameras for the monitoring of entire areas such as cities, roads, railways, harbours and airports.

Overview of the year to March 2007

During the year ended March 2007, the company responded to a number of opportunities in both the private and public sector. Cueincident had better success in terms of the private and corporate sectors and mixed success in the public sector. On the corporate front the company has secured contracts with significant industry players, including Transtel and MTN, for ongoing fibre-optic installations. Cueincident also installed – and now operates and maintains – a residential surveillance security system at the Mooikloof Estate in Pretoria. Although currently small, these recurring contracts have growth potential.

Uninet and Cueincident have entered into a memorandum of understanding to roll out a wireless system in Johannesburg, which will interface with Cueincident’s fibre-optic network. This would allow for the independent roll out of commercial broadband services in Johannesburg. Furthermore, it will make it possible to fully exploit the demand for wireless surveillance systems. These systems have been requested by some of the companies in the City of Johannesburg, for example the Johannesburg Development Agency (JDA) and retailers such as the JD Group. Cueincident has progressed to the second phase of the threephase City of Johannesburg broadband project, the value of which exceeds R60 million.

BEE

Mvelaphanda Capital (Proprietary) Limited and Circle Capital Technologies (Proprietary) Limited are Cueincident’s BEE shareholders, with see-through BEE ownership of 44.5%.

The future

A lot of effort has gone into repositioning Cueincident for future growth prospects. The potential positive outcome of any of the major opportunities being pursued will have a major impact on the company’s financial viability and future prospects.

Partnerships such as the one with Uninet are now starting to bear fruit, making it possible to offer potential clients a complete solution – from access control to CCTV surveillance systems. Recent co-operation agreements with companies like Reunert/SACO Systems enabled the two companies to jointly tender for a Uranium mine proposal.