Micromega boosted by global orders for its water management technology
The company’s South African-developed technology makes waves in assisting in easing the global water crisis
Diversified investment group Micromega has secured lucrative orders outside SA for its proprietary water management technology business that will further diversify revenues. The group provides a range of services including occupational health and safety and technology products. Its subsidiary USC, which provides prepayment meters and electronic water control devices, is expanding in countries such as Zambia, Brunei, the Solomon Islands and the United Arab Emirates. Proof of concepts are being implemented in Mexico, Colombia, the US, Brazil, Tanzania, Nigeria and Djibouti. "The opportunities that the international marketplace provides for our proven South African-developed technology in assisting with the global water crisis are significant," said CEO Greg Morris. Micromega reported headline earnings of R179m for the year to March, from R138.4m the previous period. The company said growth in headline earnings was largely organic, with the exception of a minor contribution in respect ...
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