RACA Journal January 2020 | Page 25

Events and Exhibitions Happy birthday DAIKIN! To celebrate servicing the industry for 50 years, Daikin hosted clients and partners at Mount Nelson Hotel in Cape Town in November to thank them for their continued support. This would be impossible without the support of all of you and probably many more which are not present here today. To all present, a big thank you and congratulations on what you have achieved. My journey in South Africa started approximately half a year ago, so my contribution to the 50 years is limited. Therefore, rather than looking back on this rich history, I thought it was more appropriate for me to give you a glimpse of how I see our future. To do that, I’d like to start with my learnings of living in South Africa. During my short time here, I quickly learned that: • The business environment our industry has been working in and still is working in, is harsh. • The economy shows limited to no growth. • The investment climate is not ideal due to uncertainties about the future and due to the daily problems South Africa is facing. www.hvacronline.co.za M D of Daikin South Africa, Koen Van Wynendaele, gave a heart-warming speech, read it below: Dear valued customer, Mr Ambassador of Belgium, Premier of the Western Cape, Mayor of Cape Town colleagues, members of the Daikin Europe top management. It was 1969, way before I was born but clearly a memorable year in many aspects! Between then and today, this is 50 years of Daikin in South Africa and 50 years with numerous successes and achievements! As numbers are more impressive than words, this means: • almost 300 000 splits sold; • more than 21 000 VRVs sold; and • more than 3 000 chillers sold. The saxophonist in a bubble kept guests entertained. • • The political climate is complex and faces struggles. There is high unemployment and thus poverty but at the same time there is a labour market in which it is difficult for companies to find good skilled people. • The recent summers, important for our industry, were not fantastic. • Electricity supply is not guaranteed. • And there was, and still is, the problem of water shortage. I guess it sounds familiar to all of you. No? This has led to an industry under pressure causing companies to go bankrupt, stringent price fighting on the available projects putting margins under pressure, problematic money collection but also a predominantly short-sighted market with a focus on capital investment and less on what really matters such as energy efficiency, quality, designs and building standards to reduce the carbon footprint and thus improve the sustainability of buildings! Do you know, over the lifetime of an air-conditioning system, how much the capital investment is? Well, let me tell you. It's only RACA Journal I January 2020 23