JOHANNESBURG (01/16/2004) - M-R Public Sector, the asset tracking and verification black empowerment company formed last year by the M-R Systems group, is moving its business focus strongly into the public sector, announcing that another municipality -- Thulamela -- has opted for its asset tracking solution.
The municipality, based in the town of Thohoyoandou in Limpopo Province, will also become what is believed to be the first municipality to gain Generally Accepted Municipal Accounting Practice (GAMAP) compliancy.
In terms of the contract, the municipality will be using the Windows-based FastTrack 2000 asset tracking and verification system to track 6,000 assets, including furniture, computer equipment, plant and office equipment and vehicles.
M-R Systems recently completed a similar asset take-on with the Qwa-Qwa municipality, Maluti-a-Profung.
This project, valued at R350 000, saw M-R Public Sector track an estimated 10 000 assets using its FastTrack asset tracking and verification system across all buildings owned or run by the municipality. The assets straddled furniture, vehicles, buildings, computer equipment and infrastructure assets.
Leon Swanepoel, GM of M-R Systems Public Sector, says the company -- which "took a while go get up and running due to procedural delays" following the black empowerment deal, is now "starting to bear fruit".
"There were a number of unexpected delays after we formed the company in the first quarter of last year, but these issues have been resolved, and we now have a strong team in place with a clear focus and good product understanding. We expect to increase our public sector contracts significantly during the next 12 months," he says.
M-R Systems holds 40 percent of M-R Public Sector, while the remaining shares belong to black shareholders.
M-R Systems has installed asset tracking solutions at a large number of corporates and government agencies, including Sita Corp., The Coca-Cola Co., the ANC, Rand Merchant Bank and the Development Bank of South Africa.