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B & W Insturmentation and Electrical (Pty)Ltd

B&W is a ‘Level 5 ’ contributor to broad-based BEE.

Currently the company aims to bring about true broad-based empowerment through:

•An Employee Trust which owns a 7% stake in the company, benefiting  employees of more than four years’ uninterrupted service with an  emphasis on black staff (75% of benefits).

•Enterprise development through mentoring small black-owned contractors,  progressing to joint ventures and then to possible mergers/acquisitions in  the following manner:

  • Sections of work are sub-contracted and the contractors mentored and    assessed for technical competence, financial stability and industry expertise;
  • Joint ventures are formed where the contractor has demonstrated sufficient competence and mutual compatibility exists; and
  • Once sufficient contracts have been completed on a joint venture basis, a company will be formed with B&W and the successful contractors as shareholders.

The group currently employs 1 000 - 2 000 people of whom over 85% are black. 15% of senior management and 7% of junior managers are black, while black directors currently make up 14% of the board.