Invicta Holdings Limited’s Engineering Solutions Group (ESG) - distributors of engineering consumables, automotive components, technical services and related solutions - has achieved recognition as a Level 2 contributor to Broad-Based Black Economic Empowerment (B-BBEE).
ESG has been formally assessed by Ingkwazi, an accredited B-BBEE verification agency that bases ratings on the Codes of Good Practice and Gazetted Sector Charters.
“ESG’s B-BBEE strategy has had a powerful impact on the expansion and improvement of business operations and we believe our new status will be a sound springboard for future growth of group companies,” says Ruth Black, Group Human Resources Executive, ESG. “This evaluation involves the company’s compliance to empowerment factors identified by the DTI, which include ownership, management and control, skills development, enterprise and supplier development, as well as socio-economic development.
“ESG is committed to an integrated B-BBEE strategy, continually seeking ways to improve all aspects of the scorecard and strategically linking socio-economic investments to skills development and progressive employment equity, to ensure sustainable business performance.
“Our latest verification certificate and newly accredited Level 2 status means ESG customers can claim B-BBEE procurement recognition of 125 % against all purchases.”
The company believes in sustainable development and instils in its team a responsibility for health, safety and the environment, as well as empowering local communities. Skills training is also important at ESG and forms a critical part of the Group’s investment in staff upliftment.
ESG has expanded its operation significantly and now incorporates BMG (Africa’s industrial leader in engineering consumables and services), INDUSTRI Tools & Equipment, Screen Doctor (vibrating equipment and material handling solutions), OST-Africa (vibrator motors, tensioners and suspension systems), Rustenburg Engineers & Foundry (major players in the foundry industry) and Abrasive Flow Solutions (AFS – specialists in the design and manufacture of slurry related valves).
Group companies also comprise Universal Parts Group (ESG’s reach into the automotive after-market), incorporating Autobax and Driveshaft Parts; Belt Brokers (manufacturers and suppliers of quality conveyor components), and ESG Exports (which exports group products into Africa and globally).