Digby Wells Environmental announces conclusion of Broad Based Black Economic Empowerment (BBBEE) Transaction
Company Announcement - Graham Trusler, CEO of Digby Wells Environmental (Digby Wells), a multinational environmental and social advisory consultancy, announced the 30% acquisition of its issued share capital by Lwazi Capital, a majority black women owned and managed company. This transaction makes Digby Wells compliant with the requirements of the South African Mining Charter and new DTI Codes of good practice with respect to ownership.
Digby Wells provides environmental and social services to the mining, resources, energy and agricultural sectors across Africa. Over the past 5 years, the company’s expansion plans have advanced, with the company opening offices in the UK, Jersey (Channel Islands), Mali and the DRC. Lwazi Capital identified Digby Wells as an excellent investment opportunity as the company has shown consistent, sustainable growth over its 20 year history. Lwazi Capital, furthermore will bring to the table a wealth of knowledge, experience and industry contacts which will assist in the ongoing growth of the company.
“This transaction has taken a long time to come to fruition, as we wanted to get it right and ensure that we have a suitable partner who shares in the company Vision and who we are happy to work with in advancing the company’s growth plans.” said Graham Trusler, Digby Wells CEO. “Lwazi Capital was established with a clear purpose in mind: to work in partnership with company management and other shareholders to grow and add value to the companies we are invested in. Digby Wells Environmental has a solid track record; management has experience and passion for the business. The environmental and social sectors are attractive to us, as business and legislation deal with these as sustainable business principles” said Nombini Mehlomakulu, Managing Director of Lwazi Capital.
Comments
The
functionality
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation