Motheo Construction Group signs development agreement with WBHO
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The VRP commits the seven listed construction companies to either ensure that, within seven years, the equivalent of 25% of their annual local turnover will be carried out by black-owned contractors, or that over 40% of their local business will be sold to black shareholders.
WBHO had opted for the former. With a current building and civil engineering turnover of R11 billion, which is expected to increase to R15 billion over the next seven years, the equivalent 25% equates to R4 billion a year to be executed by Motheo, in addition to Fikile Construction and Edwin Construction.
Addressing the official signing ceremony, Dr. Thandi Ndlovu, CEO of Motheo Construction Group, said: “We see this as a transformative milestone in the construction sector, and an excellent way forward for our companies and consortium members.”
Dr. Ndlovu has also been elected to the South African Forum of Civil Engineering Contractors (SAFCEC) council. She was a founding member of South African Women in Construction in the early 1990s, and won the Businesswoman of the Year Award in the Entrepreneurs Category in 2013, as awarded by the Businesswomen’s Association of South Africa.
Her long association with SAFCEC extended to her role as President of the Black Business Council for the Built Environment (BBCBE) in 2012, when both SAFCEC and the BBCBE began engaging the construction industry about VRP, in conjunction with the Presidential Infrastructure Coordinating Committee (PICC).
“We have known the management of all three companies for many years, and have a high regard for their skills and expertise, and look forward to being the catalyst for their growth. We look forward to working closely with the teams at Motheo, Fikile and Edwin in tackling South Africa’s significant infrastructure needs,” WBHO CEO Louwtjie Nel commented.
Motheo Construction Group’s twenty-year model of transforming into a “truly-empowered” company is not only a first for the South African construction industry, but sets a benchmark globally, according to Dr. Ndlovu, who established the company in 1997 to focus initially on housing projects. In this regard, it boasts six black female (and one black male) shareholders, with a collective 54% stake.
Ends
Notes to the editor
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About Motheo Construction Group
The Motheo Construction Group was established in 1997 by Dr Thandi Ndlovu. Motheo is a founder member of South African Women in Construction (SAWIC). During its 19-year history, the Group has developed into South Africa’s leading, mainly black female-owned and managed construction company. Today it boasts six black female shareholders who have a 54% stake in the Group. Motheo is currently registered with the CIDB as Level 9 GBPE and 9 CEPE. A leading provider of social housing, it has been registered with the NHBRC since its inception.
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