Actom has sold its Wilec division to Makarenge Electrical Industries (MEl), a black-empowered company based in Gauteng. Wilec manufactures input materials to the electric rotating machine and transformer manufacturing and repair industries. According to Actom’s group CEO, Mervyn Naidoo, the disposal of Wilec demonstrates the group’s corporate strategy to focus on its core businesses within the electrical infrastructure industrial sector. The transaction also proves the company’s commitment to the government policy of encouraging the development and advancement of black industrialists where merited. While Wilec is a key supplier of input materials required by several of Actom’s manufacturing and repair businesses, it is not considered integral to the group’s main scope of operations, where the focus is on production, supply, repair and maintenance of complete electro-mechanical equipment. MEl is majority owned by Nene Mathebula, a professional electrical engineer and proven entrepreneur with a good track record.
Contact Debby Riddle, Actom, Tel 011 820-5239, email@example.com
Source: EE plublishers