;){kind=logo}
Enterprise Development: Siemens South Africa
Posted by Daniel Makhura on 14 July 2017 11:40 AM SAST
More information about the above
Enterprise Development forms the core of our country’s economic sustainability. It is in this regard that we have invested over R100 million towards supporting our strategic black partners in their quest for economic sustainability, by enabling them to hold 100% black share ownership in businesses which continue to have access to market and thrive as stand-alone enterprises. For example, in the IT and healthcare space, two Siemens supported black enterprises have continued to grow in their respective industries, through the divestment of our shareholding at discounted rates.
Siemens’ support of Masemi Engineering Worx is another good example of our participation in enterprise development. The company, an SME, has been subcontracted as a Siemens switchgear service provider. The company was granted partial workload guarantees, and at the same time is still able to service its own customers, with full Siemens quality certification and ad hoc Siemens supervisor back-up. The initiative is a significant one, because a maintenance backlog to the value of around R27 billion exists in the electrical supply industry. By empowering Masemi through skills transfer, Siemens has played a part in addressing the skills shortage which has resulted in this backlog.
Through the collaboration with the Mvezo Development Trust in the building of the Mandela School of Science and Technology in the rural community of Mvezo in the Eastern Cape, we will invest even more in enterprise development. The communities of Mvezo will benefit from the identification, support and procurement from small and medium enterprises in the surrounding areas.
