Metrofile Holdings has transferred its listing to the "Support Services - Business Support Services" sector of the JSE Securities Exchange South Africa list. The company was previously listed in the "Information Technology - Software and Computer Services - Software" sector.
The board of directors of Metrofile Holdings requested the JSE to reclassify the company as the "Support Services - Business Support Services" sector is more in line with its business. Subsequent to Metrofile Holdings` restructuring, a significant amount of its revenue and earnings are generated from its business support activities through the subsidiary Metrofile.
Metrofile CEO Graham Wackrill says, "The reclassification more accurately reflects the business activities of the company, following the restructuring of the former MGX Group." "With MIC on board, we have been actively pursuing new markets, particularly in the parastatal and government sectors. Our new listing reflects our primary business, which is the management of paper and electronic records, both on- and off-site."
Share
Metrofile, an Empowerdex BBB-rated empowerment company, is the South African market leader in the management of business documents, and is committed to help customers reduce costs and improve productivity in processes that are centred on documents and corporate records.
All companies have a combination of paper and electronic documents, and are forced by law and customer requirements to secure the availability of the documents for the duration of their lifecycle. For most organisations, the volume of documents is growing at an exponential rate, and is becoming increasingly difficult to manage.
Metrofile is uniquely positioned to provide consulting and implementation of full lifecycle paper and electronic records management solutions from storage and conversion through to destruction.
Editorial contacts