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==Detailed Information==The Seardel Investment Corporation Ltd. is the largest clothing and textile manufacturer in Southern Africa and is involved in many diverse areas of the economy. Its main activity is the manufacture and distribution of men's, women's and children's apparel. Its other activities comprise the manufacture and distribution of textiles, toys, consumer electronics, and travel. It also has property investment interests. [http://www.seardel.co.za/]===Company history=History==
====Historical financial results=Financial Information===
==Corporate Accountability==
===Labor===
====Domestic====
* The [[Southern African Clothing and Textile Workers’ Union]] (SACTWU) is the recognised and representative trade union within the group.
* 2005: Salaried staff bargaining unit protected industrial action. In addition, [[COSATU]] called for a National stay-away on 27 July 2005, in protest against job losses in the industry, particularly in the mining, textile and clothing industries. <ref> Seardel Investment Corporation Ltd. Annual Report 2005 </ref>
* 2007: "In an historical breakthrough, senior management from our Cape based divisions were instrumental in signing a formal MOU between the trade union and the Cape Clothing Association (CCA). The MOU commits management, union officials, employees and shop stewards to establish factory based project committees with the overall purpose of reaching consensus on a range of interventions to reach an industry-wide absenteeism average of a maximum of 5% by the end of November 2007."[http://www.seardel.co.za/2007/annualreport_2007.htm]
Campaigns against company:==Articles and Resources=====Books on the Company===
Major reports: ===Environment & product safety===[http://www.seardel.co.za/2007/annualreport_2007.htm From Annual Report 2007]* "Our textile divisions are [[ISO 9001]]/2000 accredited and some have attained [[ISO 14000]]. This process continues. We hope to achieve this level in all divisions during the 2008 financial year. We continue with our initiative together with the University of KwaZulu-Natal to meet the concept of cleaner textile production and waste minimisation. This accreditation is now an integral part of our management culture."* "All new equipment is designed to exceed international environmental impact parameters. Existing plant and equipment is constantly upgraded. The group’s long-term planning and investment program ensures that it has access to the cutting edge of technology and that it is able to manufacture products that are not harmful to the environment."* "Our continuous efforts towards improving our environmental conditions, as well as our progress on the recycling of renewable and non-renewable resources, earned us a bronze medal for the KwaZulu-Natal region, as well as the gold medal for innovation. Furthermore we are proud to have achieved a reduction in the emission of CO2 and other gases and energy inputs, resulting in CO2 emission reduction by 16 000 tons, H20 by 21 000 kl, SO2 by 147 tons and coal by 8 000 tons during the year." ===Human rights=== ===Anti-trust, consumer protection, tax practices======Political & public influenceSources=== ===Social responsibility initiatives===[http:<references//www.seardel.co.za/2007/annualreport_2007.htm From Annual Report 2007]* "Our commitment to improve the environment is evidenced by our donations policy, which provides funds to organisations such as the [[Fairest Cape Association]], the [[Endangered Wildlife Trust]] and the [[World Wildlife Foundation]], amongst others.">
===Sources===<references/>===External resources======External articlesArticles===
SW: template
{{globalcorpwikiGlobalCorpWiki}}The Seardel Investment Corporation Ltd. is the largest clothing and textile manufacturer in Southern Africa and is involved in many diverse areas of the economy. Its main activity is the manufacture and distribution of men's, women's and children's apparel. Its other activities comprise the manufacture and distribution of textiles, toys, consumer electronics, and travel. It also has property investment interests. [http://www.seardel.co.za/]==Basic Information=====HQ Contact information===Seardel House <br />Alphen Park, Constantia Main Road <br/>Cape Town, South Africa <br />Tel: 27 21 460 6300 <br />http://www.seardel.co.za/ <br />
{{Infobox Company| company_name =Seardel Investment Corporation Ltd.| company_logo =| company_type =Country of incorporationPublic| genre = | foundation =1957| founder = Aaron Searll| dissolved =| location = South Africa| locations =| area_served =| key_people =Ownership status===[[Aaron Searll]] (CEO)Public===Primary | industry sector===Apparel, Textiles, Electronics, Toys, Property, Travel| products ===Primary industry ranking==| services =| revenue ===Number of employees worldwide===ZAR 3,800,000,000 (2006: 15,343 ) <ref> Seardel Investment Corporation Ltd. Annual Report 2007 [http://www.seardel.co.za/2007/annualreport_2007.htm] </ref>===Chief executive officer==| operating_income =Dr. [[Aaron Searll]]===Financial information==| company_slogan =| net_income ====Ticker symbol====SERJ====Main exchanges====JSE====Investor website========List of largest shareholders====ZAR 51,617,000 (2006) [http://www.seardel.co.za/2007/annualreport_2007.htm Distribution of shareholders]| assets =| num_employees ===Total sales==== Annual revenue: ZAR 35,800,000,000 343 (2006) <ref> Seardel Investment Corporation Ltd. Annual Report 2007 [http://www.seardel.co.za/2007/annualreport_2007.htm] </ref>| parent =| equity =| owner =| divisions =Net income| subsid =| homepage ===Net income (pre-tax): ZAR 51,617,000 (2006) [http://www.seardel.co.za/2007/annualreport_2007.htm]| footnotes =}}
The Seardel Group was established in 1957 by Aaron Searll with the purchase of 66,7% of Elatta Manufacturing Company (Pty) Ltd for R500. It was subsequently renamed Venus Clothing Company (Pty) Ltd. This company manufactured nurses’ caps and bras, and employed 15 people with an annual revenue of R31 156. Then followed the acquisition in 1967 of a controlling interest in Desirée Lingerie Holdings Ltd (Desirée). Seardel was incorporated on 25 September 1968 as an investment holding company for the purpose of acquiring 50% of the issued share capital of Desirée. Seardel then began a series of acquisitions in the apparel sector but also including a controlling interest in Sharp Electronics (South Africa) (Pty) Ltd. and expansion into the toy industry. <ref> Seardel Investment Corporation Ltd. Annual Report 2007 [http://www.seardel.co.za/2007/annualreport_2007.htm] </ref>
[http://www.seardel.co.za/2007/annualreport_2007.htm Chart of revenues 2001-2007]
====Books on company=Business Strategy===
==Political and Public Influence==
Paragraph information
===Political Contributions===
===Business strategyLobbying===
==Corporate Accountability=Business scope=Paragraph===Labor=======Lines of businessDomestic====* The [[Southern African Clothing and Textile Workers’ Union]] (SACTWU) is the recognised and representative trade union within the group. * 2005: Salaried staff bargaining unit protected industrial action. In addition, [[COSATU]] called for a National stay-away on 27 July 2005, in protest against job losses in the industry, particularly in the mining, textile and clothing industries. <ref> Seardel Investment Corporation Ltd. Annual Report 2005 </ref>* 2007: "In an historical breakthrough, senior management from our Cape based divisions were instrumental in signing a formal MOU between the trade union and the Cape Clothing Association (CCA). The MOU commits management, union officials, employees and shop stewards to establish factory based project committees with the overall purpose of reaching consensus on a range of interventions to reach an industry-wide absenteeism average of a maximum of 5% by the end of November 2007."[http://www.seardel.co.za/2007/annualreport_2007.htm]
====Global====
* 2005: [[Worker Rights Consortium]] listed one of Seardel's factories, [[Prestige Clothing]], as a potential participant in the [[Designated Suppliers Program]] for the U.S. university licensed apparel market <ref> Workers Rights Consortium. DSP Sample Factory List: Potential Designated Suppliers (28/09/05) </ref>
===Human Rights===
===Environment ===
[http://www.seardel.co.za/2007/annualreport_2007.htm From Annual Report 2007]
* "Our textile divisions are [[ISO 9001]]/2000 accredited and some have attained [[ISO 14000]]. This process continues. We hope to achieve this level in all divisions during the 2008 financial year. We continue with our initiative together with the University of KwaZulu-Natal to meet the concept of cleaner textile production and waste minimisation. This accreditation is now an integral part of our management culture."
* "All new equipment is designed to exceed international environmental impact parameters. Existing plant and equipment is constantly upgraded. The group’s long-term planning and investment program ensures that it has access to the cutting edge of technology and that it is able to manufacture products that are not harmful to the environment."
* "Our continuous efforts towards improving our environmental conditions, as well as our progress on the recycling of renewable and non-renewable resources, earned us a bronze medal for the KwaZulu-Natal region, as well as the gold medal for innovation. Furthermore we are proud to have achieved a reduction in the emission of CO2 and other gases and energy inputs, resulting in CO2 emission reduction by 16 000 tons, H20 by 21 000 kl, SO2 by 147 tons and coal by 8 000 tons during the year."
===Consumer Protection and Product Safety===
===Anti-Trust and Tax Practices===
===Social Responsibility Initiatives===
[http://www.seardel.co.za/2007/annualreport_2007.htm From Annual Report 2007]
* "Our commitment to improve the environment is evidenced by our donations policy, which provides funds to organisations such as the [[Fairest Cape Association]], the [[Endangered Wildlife Trust]] and the [[World Wildlife Foundation]], amongst others."
==Business Scope==
====Units/subsidiaries====
* Office automation and consumer electronics
* [[Disney]]
* [[Speedo]]
* [[Triumph InternationalAG]]
====Suppliers====
====Creditors====
<table border="1"><tr><th>Customers</th><th>Suppliers</th><th>Creditors</th><th>Competitors</th></tr><tr><td>Customer 1</td><td>Supplier 1</td><td>Creditor 1</td><td>Competitor 1</td></tr><tr><td>Customer 2</td><td>Supplier 2</td><td>Creditor 2</td><td>Competitor 2</td></tr><tr><td>Customer 3</td><td>Supplier 3</td><td>Creditor 3</td><td>Competitor 3</td></tr><tr><td>Customer 4</td><td>Supplier 4</td><td>Creditor 4</td><td>Competitor 4</td></tr></table> ==Geographic scope=Financial Information (as of DATE)===Ticker Symbol: SERJ <br>Main Exchanges: JSE <br>Investor Website:<br> ====List of largest shareholders====[http://www.seardel.co.za/2007/annualreport_2007.htm Distribution of shareholders] <table border="1"><tr><th>Shareholder</th><th>% Total Shares held</th></tr><tr><td>Shareholder 1</td><td>% Held 1</td></tr><tr><td>Shareholder 2</td><td>% Held 2</td></tr><tr><td>Shareholder 3</td><td>% Held 3</td></tr><tr><td>Shareholder 4</td><td>% Held 4</td></tr></table><b>Largest Shareholders</b>
====Countries of operation====
South Africa, United Kingdom, Zimbabwe
<table border====Breakdown of revenues===="1"><tr><th>Country</th><th>Revenue</th><th>Profits</th><th>Assets</th><th>Employees</th></tr><tr><td>Country 1</td><td>Revenue 1</td><td>Profit 1</td><td>Assets 1</td><td>Employees 1</td></tr><tr><td>Country 2</td><td>Revenue 2</td><td>Profit 2</td><td>Assets 2</td><td>Employees 2</td></tr><tr><td>Country 3</td><td>Revenue 3</td><td>Profit 3</td><td>Assets 3</td><td>Employees 3</td></tr><tr><td>Country 4</td><td>Revenue 4</td><td>Profit 4</td><td>Assets 4</td><td>Employees 4</td>====Breakdown of profits====</tr>====Breakdown of assets====</table>====Breakdown of employees=======Governance===
====Executives====
* [[Aaron Searll]], CEO
October 2008 (2nd Floor, Seardel House, Alphen Park, Constantia Main Road, Constantia, Cape Town)
====Global==Contact Information==* 2005: [[Worker Rights Consortium]] listed one of Seardel's factoriesHouse <br />Alphen Park, [[Prestige Clothing]]Constantia Main Road <br/>Cape Town, as a potential participant in the [[Designated Suppliers Program]] for the U.S. university licensed apparel market South Africa <br />Tel: 27 21 460 6300 <refbr /> Workers Rights Consortium. DSP Sample Factory Listhttp: Potential Designated Suppliers (28/09/05) www.seardel.co.za/ <br /ref>History:
===Related SourceWatch Articles===
==Articles and =External Resources=====Related SourceWatch articles===
[[Category: Corporations]]
