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As highlighted

above,

the aim

for the current

financial year is

to protect and

maintain our

niche markets

,

improve our

product offerings

and delivery of

differentiated

services.

our customers’ changing needs. We

need to do all this while continuing

to deliver improvements in safety,

compliance and conduct and in

operational excellence across the

division, which, as noted above,

we have already started with our

technical support teams.

Prospects

The division’s activities are

expected to remain subdued in

the near term as we project that

there could be further pressures

on pricing and volumes. As

highlighted above, the aim for the

current financial year is to protect

and maintain our niche markets,

improve our product offerings

and delivery of differentiated

services. We believe that the

anticipated continued strength

in the transport and confidential

documents subsegments together

with benefits from the division’s

continued focus on sustainable

cost reduction and productivity

improvement initiatives will render

the division in good stead to

capitalize on any eventual upturn in

our key markets.

performance

review

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