empowerment, b-bbee and economic development
A Truly South African Company. Truly Empowered.
EMPOWERMENT AND B-BBEE
Post the tragic passing of Dr. Thandi Ndlovu, the remaining shareholders decided, consistent with Dr. T’s vision, to empower the Motheo staff. As such, some of the existing shareholders have been offered additional shares and 8 new beneficiaries have been identified. The outcome of which will be:
Retaining the owner-managed principle;
Broadening the shareholder base – we now have 13 black shareholders (7 female and 6 male) holding 51,5% of the share holding in Motheo. All the required agreements have been signed and documents lodged with CIPC to effect these changes.
Central to the way that Motheo does business is the development and empowerment of our staff and associated Suppliers and Subcontractors (SMME’S) consistent with our mantra of Internally we are focused on the development of selected individuals. Our efforts to grow individuals and SMME’s has deeply shaped the way that we do business.
We have seen newly qualified, inexperienced individuals move to integral members of our team, today managing projects and departments within Motheo. A further measure of our success in building into people’s lives is that over the past eleven years, thirteen beneficiaries have acquired a share holding within Motheo. Collectively they now hold 51.5% of the issued share capital of the business. This offers them a real sense of ownership and significant wealth creation. This process will be on going in the years to come to both reward and incentivise deserving individuals.
Our success has been a function of training, generally provided by external professional service providers in areas such as negotiating skills, building contracts, programming, estimating, valuations, finance for non-financial managers, concrete technology, accounting and more. Creating a mentorship structure within Motheo with experienced practitioners supporting the newer entrants, then supports the formal training. In terms of working with SMME’s, Motheo has a proven track record as recognised in a number of industry awards in the development of small and medium enterprises.
We also have 12 enterprise development beneficiaries which we have supported over a number of years, with entrepreneurial training and financial assistance when required.
The support offered to empower these businesses can take various forms, including:
Motheo’s current BEE rating
B-BBEE LEVEL 1
Motheo's current Gradings
9GB PE, 9CE PE, 7EB PE, 8EP PE, 8ME PE, 7SF PE