Global programme management and construction consultancy Turner & Townsend has increased its turnover to R7.2 billion in the year ended 30 April 2015, with turnover in Africa exceeding R290 million.
Turner & Townsend’s Africa managing director, Ian Donaldson, comments: “Achieving an annual growth rate of 9.88 percent in Africa from 2011 to 2015, we delivered a solid performance on the continent, with particular areas of growth in the infrastructure and property sectors”.
“Despite ongoing challenging conditions in natural resources, our diversity of services allowed us to build on our local presence and knowledge, supporting global clients in Africa in our core sectors.”
“We were awarded numerous new projects, which included international clients such as Barclays and General Electric in South Africa and the Aga Khan Health Service in Tanzania. Locally we secured projects with Bombela and Debswana Diamond Company Ltd and several projects with clients in East and West Africa, including Toyota and the National Petroleum Investment Management Services.”
“Our continued development and investment into our East and West Africa hubs saw increased income from our Kenyan and Ugandan operations.”
“The property and infrastructure sectors remain growth areas in the Africa region. Over the next year, we will continue to invest in our service model, to build further on our expertise in major programme set-up, assurance, contract services and information modelling.”
The global company, which employs 4 100 staff across 90 offices, has now recorded five successive years of growth and boosted turnover by 75 percent since 2010.
Turner & Townsend’s long-term strategy of diversification – both geographically and across its three core sectors of property, infrastructure and natural resources – successfully absorbed the recent volatility in the oil and gas market to deliver a further 11 percent increase in operating profit in 2014-15.
Comments Turner & Townsend’s CEO Vincent Clancy: “Our diverse business model has allowed us to adapt successfully to this year’s shifting marketplace, and delivered some exceptional results both in our emerging markets and in our more mature regions.”
“Our record turnover of R7.2 billion is an endorsement of the consistent investment we’ve made in the company – and in our staff – over the past five years, and an important milestone in our long-term plan for sustainable growth.”
