Motheo Construction Group announces its new shareholding structure

21 April 2020
Motheo Construction Group, a leading predominantly black-owned Level 1 B-BBEE construction company, announced its new shareholding structure on 14 April 2020.
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Post the tragic passing of Dr. Thandi Ndlovu, an icon in South Africa’s struggle movement and construction industry, and in line with her vision and heart for Motheo Construction Group, the Motheo family announces eight new shareholders to the Motheo fold. After much consideration and thought, current CEO Mrs. Lettie Mashau announced the inclusion of the new shareholders:

“With its strong mentorship culture, Motheo has always had the vision to grow from within. In line with Dr. Thandi and the other founders’ vision, the task in restructuring our shareholding held two key guiding principles in mind:

  1. Maintain an owner-managed business.
  2. Empower from within.

Motheo is a family and as such have chosen to keep the Motheo culture and family strong, vibrant and thriving. To this end we selected our new shareholders from within Team Motheo itself. Key longstanding and up-and-coming staff were earmarked and given the option to buy into Motheo. Current shareholders, in line with position and authority, were offered additional shares.

Our new shareholders include two black females (bringing the total to seven) and six black males. Motheo now has 13 black shareholders holding 51.5% of the Motheo shares; 35% being black female and 16.5% black male. The overwhelming response from all those included in this grouping was ‘yes.’

For Motheo this recent restructuring is just the start. We hope to share more news in the not-too-distant future. Motheo’s flag continues to fly high. From a solid foundation we look to continue the climb, making our founders proud. Our legacy calls for the new generation of the Motheo family to flourish and in their honour we aim to do just that. Over the past three years Motheo has seen a 32% year-on-year growth.”

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Notes to the editor
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About Motheo Construction Group
Motheo Construction Group was established in 1997 by Dr. Thandi Ndlovu. In 1998 she partnered with Tim Potter and Chris Cudmore to form what is known as Motheo today. Motheo is a founder member of South African Women in Construction (SAWIC). During its 21-year history, the Group has developed into South Africa’s leading predominantly black female-owned and managed construction company. Motheo now has 13 black shareholders holding 51.5% of the Motheo shares; 35% being black female and 16.5% black male. Motheo is currently registered with the CIDB as Level 9 GNPE and 9 CEPE. A leading provider of social housing, it has been registered with the NHBRC since its inception. Motheo boasts a diverse offering from construction to civil, water and electrical works.

Motheo Construction Group
Jenny Iorio
Brand and Communication Manager
Phone: (011) 789 8440
Email: jenny [at] motheogroup [dot] co [dot] za
Web: www.motheogroup.co.za

Media Contact
Renay Tandy
NGAGE Public Relations
Phone: (011) 867-7763
Fax: 086 512 3352
Cell: 082 562 5088
Email: renay [at] ngage [dot] co [dot] za
Web: www.ngage.co.za

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