Reunert celebrates 70th listing anniversary on the JSE

Rianat, a veteran electric company, recently celebrated its 70th listing anniversary on the Johannesburg Stock Exchange (JSE). The company has been a stalwart on the exchange, having been listed since the 1950s. Despite the passage of time, Rianat has proven to be resilient and adaptive, continually evolving with the changing landscape of the industry to remain competitive. The celebration of this milestone was marked with a strong focus on the company's commitment to inclusivity, growth, and sustainability, both in South Africa and across the African continent. The company's dedication to investing in SMMEs (Small, Medium, and Micro Enterprises) and driving inclusive growth has been a key pillar of their strategy. By identifying and developing SMMEs, Rianat aims to create a sustainable ecosystem that fosters economic growth and prosperity across the region. CEO of Rianat, Alan Dixon, highlighted the importance of innovation, customer-centricity, and resilience as key factors that have enabled the company to thrive over its 130-year history. The company's presence extends beyond South Africa, with divisions in Zambia, Zimbabwe, and the US. While facing challenges in some African markets, Rianat remains committed to supporting these divisions and staying cash flow positive. In the US, Rianat's unique IP and focus on electrical engineering have allowed them to stay competitive in a crowded market, particularly in the ICT and technology sector. Looking ahead, Rianat has set its sights on growth in broadband connectivity and renewable energy markets. By investing in these rapidly growing sectors, the company is poised for a positive trajectory in the coming years. CEO Alan Dixon was recognized with a small kudos horn at the anniversary celebration, symbolizing Rianat's ambition to make a big impact in the years to come. With a strong commitment to innovation, sustainability, and growth, Rianat looks set to continue its legacy of success in the years ahead.