• Chairman’s
    statement
  • CEO’s
    report
  • Financial
    review

Dear stakeholders

Chairman’s
statement

The 8th of August 2018 marked Italtile’s 30th anniversary of listing on the JSE. I believe that an important contributor to Italtile’s longevity and success are the values and beliefs that are core to our culture.

G A M Ravazzotti
Chairman

Dear stakeholders

CEO’s
report

In the challenging trading environment experienced during the year, management committed to leveraging improvements and capitalising on opportunities within the business. Cost leadership was a key driver, and creditable results were achieved in this regard.

J N Potgieter
(CEO)

Dear stakeholders

Financial
review

The hard work, dedication and energy exhibited by all during a challenging year is what makes it a joy to be a part of this team. Italtile has an exciting future ahead of it.

T T A Mhlanga
Executive Director: Finance and Administration

Italtile

Founded in 1969, this brand is widely acknowledged as a style icon in the premium homeimprovement market and is represented by 12 stores nationwide. As a leading fashion retailer of exclusive international and local ranges of tiles, bathware and related products, Italtile Retail offers a luxurious shopping experience for both residential and commercial clients.

More on Italtile
Basin

CTM

Launched in 1983, CTM is a household name in southern Africa, enjoying strong brand affinity based on its reputation for a high quality year-round value offering.

Represented by 87 stores in Southern and East Africa, CTM is the largest specialist tile and bathroom retailer in the country.

More on CTM
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TopT

This brand is a one-stop home-finishing supplier of good quality, affordable merchandise and the low-cost leader in its entry-level market segment.

TopT has 77 stores situated in underserviced rural areas and outlying markets in close proximity to urban townships.

More on TopT
Basin

Story of Livingston Simango

"I am living a better life because of this Company. When I joined CTM, I lived in and RDP house, now I stay in town and own my home. The brand lives up to its motto, 'Everyone deserves a beautiful home'."
Livingston matriculated in 1992, but due to lack of funds, he was unable to further his education at a tertiary institution, and instead, found employment as a queue marshal at a taxi rank. In time, beacause of his entrepreneurial drive, he left his job to start a spaza shop. Over the years, he held several other occuaptions, including that of a bakery salesman and a taxi driver. In 1999, Livingston joined CTM Louis Trichardt, where he worked as an all-rounder, doing sales, building displays and making deliveries.
Read the rest of Livingston Simango's story

Story of Melvyn Jansen

"This Company teaches us business skills and how to grow. We are constantly encourage to be the best and never settle for less."
Melvyn Jansen joined Italtile Retail in 1991 as a truck assistant. After working for two years as a driver, he was promoted to showroom tiler. At the same time, he started serving as a trainee salesperson on weekends, which he enjoyed and excelled at. Recognising his talent, management promoted him to the temporary position of sales consultant, for a six-month trial period. His success in this role resulted in him being appointed permanently to the sales team.
Read the rest of Melvyn Jansen's story

Story of Ronnie Letebele

"The most important things I have learned from the Group are honesty, integrity, transparency – and that you should not stop growing."
Ronnie Letebele joined the Italtile Group in 2003 as a student (his first job at CTM Atterbury was to recycle damaged adhesive bags). Working hard and gaining lots of experience led to his promotion in time to Sales Assistant at CTM Menlyn and subsequently CTM Strydom Park. Following a one-year mentorship programme, he was transferred back to CTM Menlyn as Assistant Manager.
Read the rest of Ronnie Letebele's story