BEE is a central part of the South African government`s economic transformation strategy. A multifaceted approach to BEE has been adopted which aims to increase the number of black people that manage, own and control South Africa`s economy. The three core elements of the South African government`s BEE policy are: direct empowerment through ownership and control of assets, human resource development and employment equity, and indirect empowerment through preferential procurement policies aimed at ensuring that black people benefit from South African tenders.
Raubex has two main anchor BEE shareholders in Matlapeng Holdings and Kenworth, which at listing, owned approximately 26.3% of Raubex. Both BEE shareholders are locked in for a 5-year period post listing. A further 2.0% is held by various black management. Matlapeng Holdings Pty (Ltd) is a broad based BEE company, majority owned by Kopano Ke Matla (COSATU’s investment company) and the Black Managers Forum, representing two million HDSA people of which approximately 30% are HDSA women. Kenworth Pty (Ltd) is the investment company of Mr F. Kenny, an HDI individual active in the construction sector. Both Matlapeng and Kenwoth are represented on the Board of Raubex. Post listing both Matlapeng and Kenworth have near unencumbered shareholdings in the share capital of Raubex. All of Raubex’s BEE shareholders carry full equity and voting rights participation, making them actively involved partners in the management and operations of Raubex.
The company also engages with emerging contractors relating to material supplies and assistance with actual contracting and has a proud record of successes with some of these companies.
National Asphalt started during the latter part of 1988 from premises alongside Sterkspruit Crushers in Cliffdale, approximately 30 km from central Durban.
The company employs over 540 people and has had a staff turnover of less than 5% for over 10 years and an 85% “Previously Disadvantaged Individuals” employment level.
National Asphalt is committed to eliminating incidents, minimising risk , responsibly manage environmental impacts and enabling excellence in our operations.
47 Graf Street, Bon Accord, Pretoria
PO Box 247, Bon Accord, 0009
+27 (0) 12 562 9500
+27 (0) 82 925 0241/2/3
+27 (0) 12 562 9600
Building No 1, Highgrove Office Park
50 Tegel Avenue, Highveld, Centurion
+27 (0) 861 466 656
+27 (0) 86 573 9926
Lot AE 6616, Cliffdale. Kwazulu Natal
PO Box 1657, Hillcrest, 3650
+27 (0) 31 736 2146
+27 (0) 82 333 3514
+27 (0) 31 736 1938
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