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ABB and black entrepreneurs
Posted by Daniel Makhura on 13 July 2017 9:00 AM SAST
ABB has also entered into innovative joint ventures with black
Entrepreneurs
• ABB Karebo Manufacturers – a joint venture between ABB
South Africa and Karebo Investment Holdings, a black-owned
engineering company, with 40% of the equity – in 2000
became the first BEE company to be awarded the ISO 14001
and ISO 9002 certification in the field of electrical engineering
in South Africa.
• ABB Kutlwanong (Kutlwanong is the South Sotho word for
working together or common understanding) formed in 2001,
is the first plastic injection moulding company run and jointly owned
by black people. ABB Kutlwanong is situated at
Botshabelo in the Free State. It makes plastic enclosures and
other plastic products for Eskom, Telkom, municipalities and
manufacturing firms.
• In August 2001 ABB South Africa acquired Power Engineers,
a distribution transformer business, which was subsequently
transferred to ABB Powertech Transformers, and, in turn,
incorporated into Desta Power Matla, a BEE company, which
manufactures distribution transformers, partly owned by
both ABB and Powertech.
• ABB has entered into a unique social contract with the
Mbuyane community in Mpumalanga, in terms of which a
community trust has taken a 10% stake in the R350 million
Kruger Mpumalanga International Airport that ABB is
developing. The community will also get a fixed fee for each
passenger that departs from the airport. With 200 000
passengers a year expected to use the airport, the Mbuyane
community could earn significant income to spend on social
upliftment projects.
ABB has also entered into innovative joint ventures with black entrepreneurs: • ABB Karebo Manufacturers – a joint venture between ABB South Africa and Karebo Investment Holdings, a black-owned engineering company, with 40% of the equity – in 2000 became the first BEE company to be awarded the ISO 14001 and ISO 9002 certification in the field of electrical engineering in South Africa. • ABB Kutlwanong (Kutlwanong is the South Sotho word for working together or common understanding) formed in 2001, is the first plastic injection moulding company run and jointly owned by black people. ABB Kutlwanong is situated at Botshabelo in the Free State. It makes plastic enclosures and other plastic products for Eskom, Telkom, municipalities and manufacturing firms. • In August 2001 ABB South Africa acquired Power Engineers, a distribution transformer business, which was subsequently transferred to ABB Powertech Transformers, and, in turn, incorporated into Desta Power Matla, a BEE company, which manufactures distribution transformers, partly owned by both ABB and Powertech. • ABB has entered into a unique social contract with the Mbuyane community in Mpumalanga, in terms of which a community trust has taken a 10% stake in the R350 million Kruger Mpumalanga International Airport that ABB is developing. The community will also get a fixed fee for each passenger that departs from the airport. With 200 000 passengers a year expected to use the airport, the Mbuyane community could earn significant income to spend on social upliftment projects.
