Group Newsletter ISSUE 5 | FEBRUARY 2019

Total Page:16

File Type:pdf, Size:1020Kb

Group Newsletter ISSUE 5 | FEBRUARY 2019 Group Newsletter ISSUE 5 | FEBRUARY 2019 • SPOTLIGHT ON: ITALY • MY BRANCH: TANYA BELL • FOCUS ON: CATEGORY SPECIALISM AND SERVICES DIFFERENTIATION Contents CEO’S 1 FOREWORD “To make the most of our potential, we need to lift best practice from one area of the business, and shift it to others.” 2 3 FOCUS ON: CATEGORY OWN BRANDS: wins being converted into of us, success is about finding change). When you look closer, SPECIALISM AND SERVICES WHY THEY MATTER AND increased sales that benefit our the highest standards of sales you see that this was driven by DIFFERENTIATION WHAT WE’RE DOING TO CEO’s financial performance. He has effectiveness anywhere in Rubix, improvements in our margin – MAKE THEM COUNT already identified over €3.5m and then applying that right thanks to our greater buying power of additional sales for this year. across the Group. as a larger business – reductions in Foreword Read more in the last edition of our overheads and the performance this newsletter. Our first Group-wide of newly acquired companies. 4 5 customer survey Lift and shift In the UK we are producing Although sales overall increased SPOTLIGHT ON: NEWS dedicated catalogues for each of our by 4%, this was from acquisitions Of course, any effort to increase ITALY own brands. Starting with Cutline, and not from a strong sales sales is most effective when you To make the most of our potential, we sent 150 copies to every branch, performance. This is to be expected really understand your customer. we need to lift best practice from enabling the teams to introduce the in a year where we focussed on With that in mind, we are one area of the business and shift offer to customers, raise awareness integrating the companies. conducting our first Group-wide it to others. This goes for almost that we are a serious player in the customer survey. 6 7 any aspect of our business, but I category and generate enquiries. However, with a lot of the want to focus on driving sales. integration work either behind us or MY BRANCH: We have invited 164,000 customers LIVING THE VALUES: We also send a catalogue focussed well underway, we must now focus TANYA BELL to participate. The results will tell PIERRE VASSORT We are already approaching the on TGM to c.40,000 customers on improving our sales. us who our customers are and end of the first quarter and I can’t and potential customers every two what they need, our performance believe the first two months have months. It features sharply-priced We expect to see a significant against those needs and how gone by so quickly. When time is offers and special deals that are improvement in our organic sales we are doing compared to the moving so fast, we don’t have the replicated on the webshop to drive performance in 2019. In particular, competition. I look forward to 8 9 luxury of dreaming up new ways online sales. we want EBITDA as a percentage sharing the results with you in April. to grow sales. Luckily, that is not of sales to improve from c.7% in GET TO KNOW: KEY ACCOUNT necessary; we can just look around In the Netherlands, our MCA Linear 2018 towards our target of 10%. NEW CEO OF GERMANY, UPDATE Performance in 2018 our business for inspiration. Motion Robotics business has been AUSTRIA & SWITZERLAND delivering operational improvement Thank you The full-year accounts haven’t (DACH), REINHARD BANASCH In France, we have been running projects for customers including been audited and finalised just yet very successful sales campaigns Heineken, where we changed the Thank you for everything you did but I can tell you that we delivered On the cover: on GISS – one of our own brands structure of their production lines to in 2018. We are in a great position a strong performance in 2018. Mark Harvey, generated €8m of high-margin improve efficiency. MCA is making at the start of the year and I’m Workshop Supervisor, sales in just four days. You can learn a big difference to our business in looking forward to working with all We have invested a lot of money Wolverhampton more about why own brands are that market because we are able of you throughout 2019. and internal resources on Specialist Engineering so important in our interview with to introduce those services through integrating our businesses, acquiring Services Centre. Philippe Coution later in this edition. existing MRO relationships. You new businesses and positioning the can read more about what MCA Martin Thomsen company to make the most of our Spain is doing a great job of has been doing in our feature on European market leading position. CEO Have you got a story you mobilising Key Accounts. This category specialism. is about making sure that would like featured in the next This hard work resulted in a 27% we see more of the potential These are just a few examples, issue? Send it through to: improvement in our profit (excluding revenue from new contract there are many others. For all [email protected] the one off costs of delivering the Case study: MCA Linear Motion, Netherlands Focus on: In the Netherlands we acquired two It is also helping us to grow market businesses with complementary share in key industry sectors expertise in linear, mechatronics and such as Food, Packaging and Category Specialism and robotics in 2015. Pharmaceuticals. Under the name “MCA Linear Recently, a customer contacted us Services Differentiation Motion Robotics, Powered by about a complete pick and place Rubix”, the business has allowed solution for one of their production Rubix Netherlands to be involved in lines. They wanted installation, reviewing customer processes and software and programming helping them to make the most of up- alongside the motion system itself. to-date automation technologies. The team engineered a solution with Yaskawa that they could install Working closely with suppliers like and use immediately, delivering 37 Yaskawa or Siemens ensures we picks per minute! The project was are seen as adding value in project so successful that the customer planning, mechanical and electrical immediately ordered a second ‘Category specialism’ and the processes and production “We have good examples of both engineering, systems design and complete solution. ‘services differentiation’ are organisations of our customers. technical and advanced services building, and even off-the-shelf in certain markets across the robotics solutions. two of the six pillars that form “The first level is about Group. We want to take the best the Group strategy. integrating our logistics within of the services we offer in some of the customer’s supply chain, our markets, and then make those Antoine Audureau, Group and we do this through vending services available to customers right Case study: DTM, Spain VP Category Management, (Invend™) or Insite™ services. This across the Group. contributes to building loyalty with explains what this means and our business. “Where we combine category This is a great example of how ‘sticky’ because customers return to why it’s important for Rubix. leadership, technical and we can bring additional value the organisation that provided the “An additional second level is advanced services, we add value to customers even in product customised product in the first place where we expand our for our clients over and above the groups that are usually seen as when they have a maintenance need. commoditised, such as chains. “Our ambition is to establish Rubix technical services. This is fact that we are simply the largest industrial distributor. This level of customisation is in as a multi-specialist distributor with about the product related Thanks to DTM’s deep knowledge demand all over Europe, giving our recognised expertise in key product maintenance and support we provide in mechanical power transmission network a great opportunity to categories. Across the Group, we to our customers. Here, we are “Most importantly, this helps us to and specialist insight, they customise duplicate this experience. want to be seen as the leader in providing repair services, training or stand out from the competition. products for their customers. Power Transmission (including product modifications to clients in This is important because we want DTM covers the full Spanish national Bearings) and Pneumatics, but also our own workshops and facilities to take market share from our Working with Tsubaki and Renold, territory and we are now working as a credible player in Tools and based on their individual needs. competitors, and grow faster than they recently helped a customer with Renold to design and implement Personal Protective Equipment. As the market. make cost savings by replacing a technical center for chains in our you would expect, we will also pursue “The most advanced and third a customised chain. Services like Madrid facility, which will be finished leadership in other categories within level is then where we offer “There are great services on offer this make the relationship very around April this year. our markets where there is significant operational improvement within our chosen categories in commercial opportunity. services, such as monitoring the some of our markets right now. So a condition of equipment, detecting big part of this is about making the “In order to support and make the leakage, and moving into preventive most of what we already have. We’ll Case study: Sogema, France most of this specialist position in our and predictive maintenance. The also grow our market share through chosen categories, we will offer both level of engagement for these acquisitions and there will be a technical and advanced services that advanced services requires the sharp focus on buying businesses We acquired Sogema two years customers is increased efficiency add value for our customers.
Recommended publications
  • Rubix Group Holdings Limited Annual Report and Consolidated Financial Statements 1 31 December 2020
    Rubix Group Holdings Limited Annual Report and Consolidated Financial Statements For the year ended 31 December 2020 Company number: 10485684 Rubix Group Holdings Limited Annual Report and Consolidated Financial Statements 1 31 December 2020 Rubix Group Holdings Limited and its advisers Registered office Rubix Group Holdings Limited Dakota House Concord Business Park Manchester M22 0RR Registered in England and Wales number 10485684 Bankers and primary debt providers Lloyds Bank plc 40 Spring Gardens Manchester M2 1EN BNP Paribas Fortis SA/NV Montagne du Parc 3 B-1000 Brussels Goldman Sachs International Bank Peterborough Court 133 Fleet Street London EC4A 2BB HSBC Bank plc HSBC House Mitchell Way Southampton SO18 2XU Morgan Stanley Bank International Limited 25 Cabot Square Canary Wharf London E14 4AA GSO Capital Opportunities Fund 345 Park Avenue New York NY 10154 Independent auditors PricewaterhouseCoopers LLP Chartered Accountants & Statutory Auditors 1 Hardman Square Manchester M3 3EB Rubix Group Holdings Limited Annual Report and Consolidated Financial Statements 2 31 December 2020 Directors and officers Martin Gaarn Thomsen (Chief Executive Officer – Executive) Martin became CEO of Rubix in April 2018. Before joining Rubix, he served as the group COO for ISS A/S, one of the world’s leading facilities services companies, with more than 480,000 employees and activities in over 70 countries. Martin’s earlier career with ISS included the position of CEO for ISS in Denmark. In this role, he led a major transformation of the home market of the ISS Group, delivering significant improvements in employee engagement, customer satisfaction, sales growth and profitability. He also held positions as Regional CEO of Western Europe and Regional CEO of Asia & Pacific, expanding the business into five new markets and turning the region into high growth and high profitability across 13 countries.
    [Show full text]
  • Rubix Group Holdings Limited Annual Report and Consolidated Financial Statements 1 31 December 2020
    Rubix Group Holdings Limited Annual Report and Consolidated Financial Statements For the year ended 31 December 2020 Company number: 10485684 Rubix Group Holdings Limited Annual Report and Consolidated Financial Statements 1 31 December 2020 Rubix Group Holdings Limited and its advisers Registered office Rubix Group Holdings Limited Dakota House Concord Business Park Manchester M22 0RR Registered in England and Wales number 10485684 Bankers and primary debt providers Lloyds Bank plc 40 Spring Gardens Manchester M2 1EN BNP Paribas Fortis SA/NV Montagne du Parc 3 B-1000 Brussels Goldman Sachs International Bank Peterborough Court 133 Fleet Street London EC4A 2BB HSBC Bank plc HSBC House Mitchell Way Southampton SO18 2XU Morgan Stanley Bank International Limited 25 Cabot Square Canary Wharf London E14 4AA GSO Capital Opportunities Fund 345 Park Avenue New York NY 10154 Independent auditors PricewaterhouseCoopers LLP Chartered Accountants & Statutory Auditors 1 Hardman Square Manchester M3 3EB Rubix Group Holdings Limited Annual Report and Consolidated Financial Statements 2 31 December 2020 Directors and officers Martin Gaarn Thomsen (Chief Executive Officer – Executive) Martin became CEO of Rubix in April 2018. Before joining Rubix, he served as the group COO for ISS A/S, one of the world’s leading facilities services companies, with more than 480,000 employees and activities in over 70 countries. Martin’s earlier career with ISS included the position of CEO for ISS in Denmark. In this role, he led a major transformation of the home market of the ISS Group, delivering significant improvements in employee engagement, customer satisfaction, sales growth and profitability. He also held positions as Regional CEO of Western Europe and Regional CEO of Asia & Pacific, expanding the business into five new markets and turning the region into high growth and high profitability across 13 countries.
    [Show full text]
  • PRESS RELEASE RUBIX and BOA Concept
    Saint-Etienne, the 7th of September 2021 at 8 am PRESS RELEASE RUBIX and BOA Concept : a partnership that lasts The smart modular conveyor Plug-and-Carry® in Italy at Minetti In the continuity of the equipment made since 2015 for the RUBIX Orexad platform in France, BOA Concept was selected to equip the MINETTI platform in Bergamo, leader of industrial supply distribution in Italy. A global project designed with new and re-used equipment The modularity of the Plug-and-Carry® concept has enabled Minetti to reuse conveyor modules from the Orexad platform in France, thus pooling the conveyor fleet between the different platforms of the RUBIX Group. To meet Minetti's needs, BOA Concept designed and installed the order preparation system on 3 levels, 2 of which are on the mezzanine. In total, the inventor of the intelligent modular conveyor integrated around 10 third-party machines, controlled by his BOA Drive software, as well as a case erector machine moved from the French site after its replacement by other equipment. A concentrate of technologies Packages are formed automatically and then transported to the preparation stations on the 3 levels, using elevators. When all the parts are taken, the packages are sent either to packing areas where they undergo a random check, or to a specific processing area, or even directly to a closure area. Packages are photographed to anticipate any customer complaints and then receive their delivery slip. They then undergo, before being automatically closed and labeled, a height reduction operation in order to limit the volumes shipped (CSR policy).
    [Show full text]
  • Communication on Progress for Rubix Group International Limited
    UN Global Compact – Communication on Progress for Rubix Group International Limited Period covered by Communication on Progress (COP) From: August 2017 To: August 2018 1. STATEMENT OF CONTINUED SUPPORT BY THE CHIEF EXECUTIVE OFFICER I am pleased to confirm that Rubix Group International Limited reaffirms its support of the Ten Principles of the United Nations Global Compact. In this annual Communication on Progress, we outline the actions that we have undertaken to integrate the Global Compact and its principles into our culture, operations and business strategy. We maintain our commitment to advance in the areas of Human Rights, Labour, Environment and Anti-Corruption and recognise the importance this bears to all of our employees, customers and stakeholders. Yours sincerely, Martin Gaarn Thomsen Chief Executive Officer Rubix Group International Limited, United Kingdom, COP for 2017-2018. 2. DESCRIPTION OF ACTIONS Introduction to Rubix Since our previous Communication on Progress (of August 2017), there has been major structural and operational change within the business. Most significantly, in September 2017, the Brammer group of companies merged with the French headquartered IPH group of companies to create the IPH- Brammer group, Europe’s largest supplier of industrial maintenance, repair and overhaul products and services with a turnover, in 2017, in excess of Euro 2.2bn. In addition, in June 2018, the IPH-Brammer group of companies launched its new group brand identity – ‘Rubix’. Accordingly, with effect from 28 June 2018, the entity formerly known as Brammer Limited and, most recently, IPH-Brammer Limited, changed its name to Rubix Group International Limited. Rubix is the leading pan-European added value distributor of high quality industrial maintenance, repair and overhaul products and related inventory management, procurement and logistics in Europe.
    [Show full text]
  • Group Newsletter ISSUE 6 | JULY 2019
    Group Newsletter ISSUE 6 | JULY 2019 • SPOTLIGHT ON: NORDICS • THE FACTORY OF THE FUTURE • MY BRANCH: MARTA GRIGOLIN • GET TO KNOW: ANDREW SILVERBECK, GROUP CFO Contents CEO’S “We need to show that we have a business and FOREWORD 1 a strategy that is capable of delivering growth in all conditions.” We can’t simply rise and fall Show them how we can help with the tide. That suggests we to reduce cost and increase CEO’s aren’t in control of the future of efficiency. Discuss the opportunity our business. Instead we need of condition monitoring and 2 3 4 to show that we have a business predictive maintenance for Foreword and a strategy that is capable of RUBIX MOVES TO EXCELLENCE IN PROJECT GOLD SET extending the life of the equipment delivering growth in all conditions. in their plants, avoiding costly SINGLE OWN BRAND CORE DISTRIBUTION TO RELEASE CASH replacement or damaging FOR HAND TOOLS Things like the PMI are helpful downtime. Suggest our own Rising above the tide because they offer an insight into brands as high quality lower cost what our customers are dealing alternatives to the brands they with right now, and the challenges have used in the past. Across the eurozone, the they are facing. That helps us to 5 6 7 Manufacturing Purchasing think about the questions to ask, Opportunities for conversations SPOTLIGHT ON: NEWS THE FACTORY OF Managers Index (PMI) for May the conversations to have and the like this will vary depending on NORDICS THE FUTURE was below 50 for the fourth month technical expertise we can offer.
    [Show full text]
  • Environmental, Social and Governance Report 2021 Environmental, Social and Governance Report 2 Environmental, Social and Governance Report 3 Contents Contents
    Environmental, Social and Governance report 2021 Environmental, Social and Governance report 2 Environmental, Social and Governance report 3 Contents Contents Contents We are committed to ensuring that our business model creates value for our stakeholders in a socially and environmentally responsible manner. ESG approach 4 E Alignment with sustainability frameworks 10 Suppliers Customers Current alignments 11 S Planned alignments, reporting and target-setting 17 G ESG strategic focus areas 20 Customers 21 Environmental stewardship 26 People 34 Employees Investors Communities Environmental, Social and Governance report 5 ESG approach ESG mission and purpose We exist to keep the wheels of industry turning, right across Europe. That ESG approach is our purpose and it sits at the heart of our multi-specialist value proposition. We aim to fulfil our purpose sustainably by delivering solutions that improve the efficiency of our customers’ manufacturing processes and reduce the environmental impact both of our own operations and those of our customers. We are committed to ensuring that our business model creates value for stakeholders in a socially and environmentally responsible manner, with the highest ethical and business standards applied across our value chain. Environmental, social, and governance (ESG) practices are integral to our business model and strategic growth priorities. As Europe’s leading distributor of maintenance, repair and overhaul (MRO) products and services, we can significantly influence ESG issues through our businesses, and we are uniquely positioned to support our customers and suppliers on their ESG journeys. Our core values Act with integrity Own and take action Stay curious Never settle Embrace perspectives Our people are critical to the operation of our business and we will continue to build a culture that allows them to use their skills and develop their careers to achieve their potential.
    [Show full text]
  • Public Version
    EUROPEAN COMMISSION Brussels, 18.06.2020 C(2020) 4175 PUBLIC VERSION In the published version of this decision, some information has been omitted pursuant to Article 17(2) of Council Regulation (EC) No 139/2004 concerning non-disclosure of business secrets and other confidential information. The omissions are shown thus […]. Where possible the information omitted has been replaced by ranges of figures or a general description. To the notifying parties Subject: Case M.9815 – Advent/Cinven/thyssenkrupp Elevator Commission decision pursuant to Article 6(1)(b) of Council Regulation No 139/20041 and Article 57 of the Agreement on the European Economic Area2 Dear Sir or Madam, (1) On 12 May 2020, the European Commission received notification of a concentration pursuant to Article 4 of the Merger Regulation which would result from a proposed transaction by which Advent International Corporation (US, “Advent”) and Cinven Capital Management (VII) General Partner Limited (UK, “Cinven”) intend to acquire joint control of the whole of thyssenkrupp Elevator AG (Germany, “tkE”). (Advent and Cinven are designated hereinafter as the 'Notifying Parties' and together with tkE as the “Parties”.)3 1. THE PARTIES (2) Advent is an investment company active in the acquisition of equity stakes and the management of investment funds in various sectors, including business and financial 1 OJ L 24, 29.1.2004, p. 1 (the “Merger Regulation”). With effect from 1 December 2009, the Treaty on the Functioning of the European Union (“TFEU”) has introduced certain changes, such as the replacement of “Community” by “Union” and “common market” by “internal market”. The terminology of the TFEU will be used throughout this decision.
    [Show full text]
  • Group Newsletter ISSUE 6 | MAY 2019
    Group Newsletter ISSUE 6 | MAY 2019 • SPOTLIGHT ON: FRANCE • ENGAGEMENT SURVEY ACTION PLANNING OVERVIEW • SPOTLIGHT ON: DIGITAL WITH A HUMAN TOUCH Contents We can apply our specialist challenges that sometimes get in the Rubix Management Committee, CEO’S knowledge whether we are the way. That’s what ‘Selling the or one of their direct reports. Then, CEO’s discussing the right product from Rubix Way’ is all about. we are putting in place an action FOREWORD 1 the premium brands we offer or plan to address their issues. our own brand products as high Becoming the ‘Industry Foreword quality, great value alternatives. Consolidator of Choice’ is about There is one thing that every one buying businesses that add to the of us can do to improve the score Above all else, it is the services range of services we offer, and across the Group: for every single Attack and defence we provide that will help us to extend our reach in our chosen customer interaction, we must SPOTLIGHT ON: attack and grow, and to protect markets across Europe. challenge ourselves, did I deliver a DIGITAL WITH A and defend. 10 out of 10 experience? Our new strategy has been designed to make it easier HUMAN TOUCH 2 Customer Survey for all 8,000 makers and doers across Rubix to deliver These services range from basic Rubix Team Time excellent customer service − there is a summary of our customisation of belts, chains Like you, I was disappointed to see strategy at the bottom of the page. and linear guides to gearbox and that our customers gave us a net You should use your regular team ENGAGEMENT SURVEY motor refurbishment through promoter score of -2.2 in the first meetings to challenge yourselves ACTION PLANNING Customer satisfaction drives growth.
    [Show full text]
  • Rubix Germany Develops Flow Specialism with Gondrom
    Rubix Germany develops flow specialism with Gondrom 03. March 2020 – Rubix Germany has reached a preliminary agreement to acquire Walter Gondrom GmbH & Co. KG, based in Cologne, and the affiliated companies of the Gondrom Group. The acquisition is part of Rubix’s M&A strategy. It is subject to the approval of the relevant anti-trust authorities and is expected to complete in April 2020. Gondrom is one of the leading providers of flow products and services with over 60 years’ experience. Since 1995 the business has specialised in the supply of technical hoses, fittings and accessories for the transfer of a wide range of liquids, powders and other bulk materials that are transported using silo trailers. The company provides a complete range from the leading brands in the category, including its own brand, Silgon, which covers everything from couplings to valves. The company predominantly fulfils the recurring replacement requirement of major European logistics operators but also supports the initial build. Gondrom’s technical experts work closely with customers to meet their needs through product modifications and custom-made solutions. With over 100 employees across seven locations in Germany, France, Italy, the Netherlands and the Czech Republic, as well as sales partners in Poland, Romania, Sweden, Slovenia, the Czech Republic and Hungary, Gondrom is close to its customers throughout Europe. Last year the company generated sales of €28m. Gondrom has been led by two managing directors – Gabriele Kalesse and Frank Gerdell. Frank will join Rubix and continue to lead the business and Gabriele is retiring as part of the process.
    [Show full text]
  • Tracker Master 9.25.18 TM (1).Xlsm
    IT Services & BPO Implied Announce Implied EV/ Implied EV/ Target Target Description Buyer Enterprise Transaction Comments Date Revenue EB ITD A Value ( $M) Accenture Plc agreed to acquire OpenMinded Consulting for an undis c los ed amount. The ac quis ition is in line w ith OpenMinded Accenture Plc's global strategy as well as support its cyber sec ur ity gr ow th. Founded in 2008, by H er v é R ous s eau, 4/29/2021 {match score: 11} CoreBuild SRL is a Romanian private company that provides IT outsourcing servic es. Accenture Plc NA NA NA Consulting OpenMinded Consulting is located in Paris, Ile- de- Fr anc e, Fr anc e and pr ov ides tailor - made netw or k s ec ur ity s er v ic e. The deal is s ubjec t to c us tomar y c los ing c onditions . {match score: 00} Kinvolk GmbH is a German private company that develops software to help clients. The company s ays this about itself: Kinv olk ar e the Kubernetes Linux experts. Founded in Berlin, Germany in 2015 by a trio of open source technologists, the company established its reputation through ground-breaking projects such Wirtek A/S agreed to acquire CoreBuild SRL for an undisclosed amount. The ac quis ition enhanc es the s er v ic e as the rkt container engine (developed in collaboration with CoreOS), systemd, and Weave Scope (BPF-based offerings of both the companies. CoreBuild SRL is located in Romania and provides IT-outsourcing services. The 4/29/2021 CoreBuild SRL container monitoring).
    [Show full text]
  • Corporate Governance Report – Chairman’S Introduction
    DWF Group plc 50 Annual report and financial statements 2020 Corporate Governance report – Chairman’s introduction Culture and purpose The Board understands that our people are vital to achieving our strategy. It also understands its role in ensuring that we establish our culture throughout the Group. DWF’s values are at the heart of our culture, providing a clear foundation for our people and the way we work together. Our values define our organisation and how we operate. You can find more information about our strategy, values and culture on pages 18 to 19 and pages 37 to 40. We have a collaborative and inclusive culture that underpins our decisions. Our Diversity & Inclusion and Dignity at Work policies make it clear that the Group takes a zero tolerance approach to discrimination, bullying and harassment. Our Diversity & Jonathan Bloomer Chairman Inclusion Leadership Group of 45 senior leaders from across the world defines and executes our global inclusion strategy. We have been following our current Diversity & Inclusion Dear shareholder, strategy for almost three years now, but this year was the first I am pleased to introduce our Corporate Governance report since we announced our targets for gender and BAME within for 2020, our second since our IPO in March 2019. This report our senior leadership. These aim for at least 30% female sets out how we have ensured corporate governance remains representation and 10% BAME representation in our senior the foremost consideration for the Group, to satisfy both the leadership by 2022. This year saw the divisions within our global high standards of listed company corporate governance and network create plans specific to their teams, people and areas those specific to a regulated legal services business.
    [Show full text]
  • Covid-19 Factsheet South Africa
    Covid-19 Factsheet South Africa Copyright © 2020 Rubix. All rights reserved. COVID-19 Factsheet South Africa Country Specifications Elements Details Country South Africa Yes, South Africa is partially under lockdown. Restrictions are currently being eased in levels. The government allowed a partial reopening of the economy Whether the country is/was on May 1, with travel restrictions eased and some under Lockdown (LD)? industries allowed to operate under a five-level risk system. Currently, South Africa is in Level 3 of lockdown, with some businesses and industries reopening with numerous restriction Period of LD Start Date: 26-03-2020 Page 1 of 21 Government Intervention Elements Details ● South Africa has now allowed citizens to start exercising outside their home and go to places of worship ● The ban on the sale of alcohol was lifted ● Public transport vehicles have been allowed to operate as long as passengers adhere to the rules of social distancing, sanitising, and mask-wearing ● The following services and premises remain closed: ○ Gyms and fitness centres ○ Sports groups and fields and swimming pools—except for training professional athletes ○ Fetes and bazaars ○ Night clubs ○ Accommodation establishments that are not formally accredited and licensed ○ Conference facilities, except for business use ○ Any on-consumption premises—bars, taverns, shebeen, and similar establishments ○ Beaches and public parks Restrictions Imposed in the ● The following restrictions are still in place: Country ○ Domestic passenger air travel for leisure
    [Show full text]