Nictus Limited (JSE:NCS)
Nictus Limited (JSE:NCS) is a retailer of household furniture, electrical appliances and home electronics sold through the Nictus Furnishers brand, as well as a short-term insurer through the Corporate Guarantee brand.
The group has two furniture retail stores in South Africa. Nictus places the customer first by continually striving towards EXCELLENCE. Helpful personnel provide service with dedication and motivation, while maintaining integrity, focus and sound values. Products are of the HIGHEST QUALITY and provide excellent value for money. Stores are situated in Louis Trichardt and Polokwane. The furniture retail segment is primarily focused on the expanding middle to higher income market in the living standards measurement (LSM) 7 category and above. The group has a recurring customer base in the areas that we operate in.
The insurance segment of the Nictus group is run through Corporate Guarantee, which brings a unique approach to short-term insurance through the alternative risk transfer model. The head office is currently situated in Randburg and utilises group administration staff. The high levels of recurring sales in both the furniture and insurance segments are evidence of service satisfaction, trust and customer loyalty. As part of the commitment to service excellence, the group ensures that clients are served by staff from their own communities.