State Information Technology Agency Annual Report - Financial Results for the year ending 31 March 2008

Agenda Business Review - Femke Pienaar: CEO (Acting) Financial Review – Andre Pretorius: CFO (Acting) Question & Answer session

Femke Pienaar Chief Executive Officer (Acting) Business Review

Business Review New Executive team with a wealth of institutional knowledge Establishment of a new division: Regulatory Affairs and Procurement Procurement maintained a tender turnaround times below 80days on average Deployment of the Next Generation Network Contained pricing for two consecutive years. Improve functionality that will result in further savings for Government ISO9000 international certification

Financial performance Revenue growth of 7.48% - R3,608bn Gross profit up 28.79% - R917m Net Surplus improved by 109.09% - R299m

Human capital Turnover of 11.3% against an industry average of 21% 40 ICT graduates were developed ito OSS 1300 ICT Graduates have completed YIP in SITA since 1999. Equity performance: Race – 59.77% Gender – 45.05% Disabled - .82%

Andre Pretorius Chief Financial Officer (Acting) Financial Review

Statement of financial position - Cash and cash equivalents 15% increase in cash on hand. 25% decrease in ring-fenced cash. 1% increase on total cash and cash equivalents. Rm

Cash flow statement (in Rand million) 2008 2007 Cash flows from operating activities 271.1 165.5 Cash flows from investing activities (261.4) (148.7) Cash flows from financing activities (5.2) Movement in cash and cash equivalents 4.5 11.6 Opening balance - cash and cash equivalents 1 096.7 1 085.1 Closing balance - cash and cash equivalents 1 101.2

Statement of financial position - Trade and other receivables Rm Perspective Target Stretch target Actual performance Debtors’ days <65 days 60 days 63 days

Statement of financial performance - Capital expenditure

Statement of financial position - Current liabilities Trade and other payables (in Rand million) 2008 2007 Trade payables 570.8 566.2 Other payables 85.4 131.2 Total 656.2 697.4 Perspective Target Stretch target Actual performance Liquidity ratio 1.5:1 2.0:1 1.77:1

Statement of financial performance – Revenue ( 5 Year Review) Perspective Target Stretch target Actual performance Revenue growth 12.0% 14.0% 7.4%

Statement of financial performance - Gross surplus Perspective Target Stretch target Actual performance Gross profit margin 20.0% 23% 25.4%

Statement of financial performance - Operating expenses

Statement of financial performance - Net surplus for the year

Creation of wealth – 2008

Distribution of wealth - 2008

Question & Answer session Thank you