• +27 (0)10 300 7907
  • info@exsa.co.za

    Latest News

    DURBAN ICC ONCE AGAIN THE BEST PERFORMING CONVENTION CENTRE IN THE COUNTRY

    After the stellar results delivered in 2012, the Durban International Convention Centre has continued to sparkle with yet another year of impressive financial performance. The Durban ICC produced an outstanding revenue figure of R157-million and profits before tax of R45-million, once again making it the best performing convention centre in the country. The company also contained expenditure to 15% below budget resulting in a R13-million saving, despite rising strong inflationary pressure.

    Commenting on the results, Durban ICC Chairperson, Mato Madlala, noted “My congratulations must be expressed to the management and team of the Durban ICC, under the leadership of the CEO, Ms Julie-May Ellingson, for achieving such a strong set of financial results.  Despite tough competition, the Durban ICC has maintained its position at the front and once again our ICC Team, stakeholders and most importantly, our clients, have ensured that the Durban ICC remains the best convention centre in Africa.”

    “The Durban ICC is proud of its strong financial performance over the past fiscal year. Despite the challenging economic environment, the company has worked hard to secure good quality events this year as well as sustainable business for the years ahead. These solid results were attained by achieving above-target revenues and effectively controlling costs at all levels of the company. Remarkably, this was achieved without compromising on our top priority, namely our clients’ experience. This is demonstrated through the overall client satisfaction rating of 88% and the Durban ICC being voted “Africa’s Leading Meetings and Conference Venue”  for the 12th time by the World Travel Awards”, commented Ellingson.
     
    Built to serve as a catalyst for economic prosperity, the Durban ICC once again delivered major economic benefits to the city, province and country this year. The past 12 months saw the Durban ICC contribute R2.94-billion to the national GDP, with the bulk of this benefiting the KwaZulu-Natal economy directly by adding R2.73-billion to the province’s annual GGP.
     
    This remarkable economic impact translated into further social benefits by creating and sustaining just under 8,000 jobs over the past year and generating R1.49-billion in indirect household income as a result of the Durban ICC’s activities. The Centre generated over 1.25-million delegate and visitor days in Durban, 36% of which were generated by international visitors. This in turn added R566-million to South Africa’s net foreign exchange earnings and R268-million in tax revenue.
     
    In addition to the impact made to macro-economic landscape, the Durban ICC continued its commitment to staff training and skills development closer to home. The past year saw the company launch a new Graduate Programme which affords young professionals an opportunity to gain valuable work experience and jumpstart their careers. Additionally, in partnership with the Durban University of Technology, the Centre also restructured its Student Programme to accommodate more interns in its experiential learning curriculum. These programmes contribute directly to the skills development mandate of the country’s tourism industry.
     
    The Centre once again invested heavily in the training and development of its staff with 300 training days completed, exceeding the target of 150 days by 100%. The sharing of knowledge and expertise was also supported via international exchange programmes and staff attendance at key industry conferences.
     
    Finally, the Durban ICC will continue to host high profile events that showcase Durban, KwaZulu-Natal and South Africa in the years to come.  These events include the Congress of the International Union of Architects in 2014 and the world’s largest aviation exhibition, the World Routes Development Forum in 2015. These, along with the myriad of other events, will continue to bring social and economic benefits to the people of Durban and KwaZulu-Natal.
     
     
    Financial Performance Highlights

     

    Revenue
    R 157-million
    Operating Expenditure
    (R102-million)
    Profit before taxation
     R45-million
    Net Profit for the year
    R37-million
     
    Economic Impact Highlights
     
    Key Economic Indicators
    Economic Contribution
    2013 Financial Year
    Contribution to GDP
    R 2.94-billion
    Contribution to KwaZulu-Natal’s GGP
    R 2.73-billion
    Contribution to Indirect Household Income
    R 1.49-billion
    Net Foreign Exchange Earnings
    R 566-million
    Tax Revenue Generated
    R 268-million
    Total Delegate and Visitor Days
    1 251 413
    Jobs Created (Direct and Indirect)
    7 670
    Tags:

    Search

    JOIN OUR ASSOCIATION TODAY

    And Start Contributing to the Events and Design Industry

    Website Feedback

    Overall, how well does our new website meet your need?

    bluCube wins at the annual AAX...

    12 February 2019

    bluCube Design and Brand Activations kicks off 2019 on a high note with three awards received at the prestigious Exhibition Industry Alliance Awards gala evening. The event, organised by the...

    GL Events Announces the Acquis...

    06 February 2019

    GL EVENTS (ISIN: FR0000066672 - TICKER: GLO), THE INTEGRATED EVENT INDUSTRY GROUP, ANNOUNCES ITS ACQUISITION OF MAJORITY SHAREHOLDING IN THE JOHANNESBURG EXPO CENTRE.

    Scan Display scoops four local...

    05 February 2019

    Scan Display was delighted to be recognised by local exhibition industry associations, AAXO (Association of African Exhibition Organisers) and EXSA (Exhibition & Event Association of Southern Africa), at their combined...

    GL Events: 2018 Consolidated R...

    25 January 2019

    2018 Consolidated Revenue: €1.041BN, +9% Like-For-Like, Completion of the First External Growth Operation in China

    Exhibition Industry Alliance A...

    16 January 2019

    As the Exhibition Event of the year, this groundbreaking celebration promises to attract the best in the exhibition industry all under one roof

    About EXSA

    EXSA enables connections through the networking and communication of our Forums and via our website (www.exsa.co.za).

    Besides providing EXSA’s directory of members, an exhibitions calendar and news feed, the EXSA website also offers a wealth of knowledge and industry guidelines available to its members.

     

    Front

    Co Reg. No – 1988/001660/08

    Telephone: +27 010 300 7907

    E-mail: info@exsa.co.za

    © 2018 EXSA | Exhibitions and Events Association of Southern Africa . All Rights Reserved. Designed By Cartmell

    Search