Innovation by DexAfrixa continues!
"On the cutting-edge of innovation since its founding in 1982." This is how Nick de Villiers, Chairman of DexAfrica, describes the company.
"And that`s were we will be for as long as possible," he says. "From the first computerised no claims bonus administration system way back, to patented copy protected symbology. This exciting new development is currently utilised in safeguarding venues, preventing ticket fraud and providing access control.
"Had this system been in place, it is more than likely that a tragedy, such as the one at Ellispark last year, might have been prevented," says De Villiers.
This system will also be used in the World Cup Cricket competition hosted by South Africa in 2003 to ensure access control and prevent ticket fraud. This underscores the business principles of DEX to manage and minimise our customers` risks, thus making a meaning full contribution to their business.
"We count among our clients the likes of Santam, SAE, a number of the larger independent brokers in SA, Dimension Data, Ford Motor company, the Civil Aviation Authority in SA and in Zimbawe, and in Brazil Volkswagen and Daimler Chrysler, Unimed Seguros, AGF Seguro and Interprint," says De Villiers "The fact that we deal with large international organisations both in SA and in other parts of the world is a real testimony to our international credibility."
In SA, DEX has three divisions:
* BrokerNet - Providing volume business management methodology (VBM^2) to insurers and brokers;
* DexData Technologies - Providing mission-critical insurance administration and money management services to large corporate customers; and
* DexSecurity Solutions - The latest addition dealing in security and access control solutions.
"We have during the last three years embarked on an extensive and somewhat painful restructuring exercise," says De Villiers. "By doing that we have succeeded in trimming costs that were not directly contributing towards increased turnover. We also restructured the divisions` management to ensure that we focus on growth. This has paid of handsomely as some of our divisions attained 80% growth during our last financial year.
"These divisions are being professionally run by young, dynamic and well-trained executives who have all been hand-picked. They are all a great asset to our company," says De Villiers.
The controlling shareholding in DexAfrica is held by DexGroup (Pty) Ltd. DexGroup in turn, is held by Shibbolet, an equity investment company.
Shibbolet has several investment divisions; inter alia a property development division with several hundred million in commercial property. Shibbolet also holds investments in healthcare, health insurance and related services.
The future?
"We have, over the years, developed world-class solutions within the risk management field from insurance portfolio management methodologies, to copy-protected two-dimensional barcode symbology.
"The next phase in our development will be to build on our success in South America and to export of some of our solutions to the UK and Europe, and in this respect we hope to make announcements soon. "
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