Considering that we continue to endure loadshedding, a worsening cost of living crisis, increasing interest rates, political turmoil overseas and an overstocked stainless steel market globally, this is an incredible achievement and I am proud of all of us. It shows how resilient and focused NDE’s team has been.
As such, I would like to say a big thank you to each and every one of you for helping to achieve these goals, for keeping NDE going and for coming to work every day with the focus to meet these challenges. It is a testament to your hard work and dedication that we will begin 2024 with a very different strategy: we now need to focus on gaining back profitability by increasing our margins. In my mind, this is far more positive and a more exciting objective.
A new set-back that emerged in late 2023 has been the congestion at the ports, which has delayed the arrival of stock and will have a large knock-on effect in the industry. Our Procurement team is working tirelessly to aid in easing this as best they can and we thank them for their continued commitment to servicing the branches.
I would also like to express my heartfelt condolences to the family, friends and colleagues of staff member, Philip Mashigo, who sadly passed away this year. In addition, condolences and support to all staff members who experienced the loss of family members during 2023.
I hope that you all have a restful holiday. I look forward to starting 2024 with renewed energy, enthusiasm and focus and I know that you do too.
Once again, thank you for all of your hard work! Have a wonderful festive season!