Motheo Construction Group appoints new Non-Executive Director
These associations are mainly concerned with determining the industry’s operating environment. Mr. Mofokeng’s involvement will add tremendous value to Motheo’s business and consequently the company’s value proposition to its myriad client base. Such industry bodies are critical platforms from which to introduce a plethora of developmental and transformational measures and industry best practice benchmarks.
Thus, by being a meaningful participant in these bodies, Motheo will be in an advantageous position to influence industry policy and the attendant programmes aimed at engendering lasting transformation of the industry. Mr. Mofokeng’s vision is for Motheo to be a meaningful player in the construction sector. Here his role as Non-Executive Director will provide strategic contribution to the Board in the form of independent oversight of the executive directors and the management team.
“Motheo occupies a unique position in the South African construction landscape as a majority black women-owned business. Beyond its transformational ownership profile, the company strives to build sustainable legacies in the communities within which it implements projects,” comments Mr. Mofokeng. He adds that founder Dr. Thandi Ndlovu contributed immensely to this positioning and the resultant brand equity.
In addition, the current management has embarked on a diversification strategy in order to achieve balanced growth based on organic vertical integration. Its newly-established divisions have been designed to tap into markets that represent significant growth areas in the construction industry value chain. These new divisions are expected to make a meaningful contribution towards the company’s bottom line, and will form strategic pillars for its next level of growth.
Mr. Mofokeng also participates in the BRICS Infrastructure Working Group. BRICS is an acronym denoting the five major emerging economies of Brazil, Russia, India, China and South Africa. Here his role is to collaborate in reviewing projects in member countries as well as on the African continent, structure opportunities for collaboration with private sector partners and identify potential funding partners.
These include major development finance institutions such as the Development Bank of Southern Africa, the Industrial Development Corporation, the African Development Bank and multilateral funding institutions such as the New Development Bank, commonly known as the BRICS Bank.
“Infrastructure plays a central role in unlocking Africa’s potential especially through trade,” highlights Mr. Mofokeng. The African Union’s African Continental Free Trade Area (AfCFTA) initiative is designed to enable African countries to trade with each other much more significantly than is currently the case. For such trade to flourish, however, infrastructure development is key to allow for the movement of goods and services throughout the continent. “It is only through sustainable infrastructure development that we can liberate the continent economically, thus unlocking its much-talked-about but hitherto realisable potential,” concludes Mr. Mofokeng.
Ends
Notes to the editor
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About Motheo Construction Group
Motheo Construction Group was established in 1997. The company is currently spearheaded by the dynamic Lettie Mashau as CEO. Twenty-three years in the making, Motheo is the largest black women managed and lead construction company in South Africa. Motheo is currently registered 9GBPE, 9CEPE, 7EBPE, 8EPPE. Motheo boasts a diverse offering from general construction to civil works, water, fibre, electrical works and an academy.
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
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