BBBEE

Broad Based Black Economic Empowerment Verification Certificate

Aveng (Africa) is 75% owned by Aveng and 25% by Qakazana Investment Holdings (Pty) Limited, a Black Empowerment Company.

Black economic empowerment is a social and economic imperative in South Africa today. Aveng (Africa) firmly believes that economic transformation is essential for the sustainable development of South Africa and for its future competitiveness. Empowerment is a critical element of that transformation. Aveng (Africa) is also committed to empowering its staff, the black business partners with whom it works as well as supporting local communities with which it is associated.

The table below sets out the major enterprise development relationships that existed with the group's businesses as at 30 June 2006.

 Year established Empowerment company Nature of business Aveng's % interest
2001 Empowa Grinaker-LTA (Pty) Limited Manufacture and supply of concrete railway sleepers
and other concrete products		 37.5
2002 Ensimbini Reinforcing (Pty) Limited Cut, bend and supply of reinforcing steel 15
2004 Fraser & Chalmers Siyakha (Pty) Limited Construction, installation and services in the mechanical,
piping, electrical and instrumentation disciplines for the petrochemical industry		 56.2
2003 Grinaker-LTA Vuselela Spares Supply (Pty) Limited Market, sell and distribute spares and/or licensed equipment to the mining,
chemical, energy and petrochemical industries		 37.5
1998 KZN Reinforcing and Fixing Services (Pty) Limited Fixing and positioning of reinforcing steel on a subcontract basis 24.7
2003 Lennings DEC Rail Services (Pty) Limited Railway infrastructure development 52.5
2002 Lesedi Tracks (Pty) Limited Underground rail track construction 22.5
2001 Reinforcing Fixing Services (Pty) Limited Supply and fixing of reinforcing steel 33
2003 Rekaofela Refractory Services (Pty) Limited Refractory installation and maintenance services 52.5
1998 Sivukile Contractors (Pty) Limited Building contractors 21.7

 

The table below lists the joint ventures in existence with local black partners during the 2006 financial year.

Project Empowerment company Aveng % Approx revenue
this financial year
(our share) R'000
Atlas Road (R21) Interchange, Kempton Park Yikusasa Building Contractors G4 Civils 75 1 851
Berg River Dam, Franschhoek Western Cape Empowerment Contractors
Thamane Building Construction		 32 69 065
Bethal to Kriel Road Rehabilitation Ulusha Mining and Civils 80 9 493
CW Malan Building, Bloemfontein High Pitched Investments 60 1 318
Glisa Coal Mine Lidonga Minerals 85 20 119
Heidelberg Ext 23 & 26 Houses Imisebe Trading 65 12 462
Hlabisa Hospital Sakubula Management Services 80 33 294
Johannesburg International Airport Black Top Surfaces 50 5 068
Juliette Apartments, V&A Boshard Construction 70 21 521
Mondi Refurbishment Sivukile Contractors 70 3 295
Montecasino, Theatre & Hotel Sivukile Contractors 80 58 563
Pearl Reef Apartments, Umhlanga Sivukile Contractors 60 19 305
Pretoria Academic Hospital Thamane Building Construction
Yikusasa Building Contractors		 75 1 659
Refurbish Office Tower Keren Kula Construction 70 19 043
Sea Water Canal Super Mining Civils 70 7 130
Spoornet Rail Track Maintenance Joe Shibambo & Associates 80 9 654
Spoornet Rail Track Maintenance Joe Shibambo & Associates 80 5 174
Spoornet Rail Track Maintenance Polyzomba Construction 75 21 257
Ugie de Stumping Super Mining & Civils 70 1 818
Uitenhage Hospital Boshard Construction 80 35 680
Zimbali Coastal Resort Super Mining & Civils 80 35 680