BEE

Aveng Engineering is a subsidiary of Aveng Limited, a company listed on the JSE Securities Exchange South Africa. The Group is 75% owned by Aveng and 25% by Qakazana Investment Holdings (Pty) Limited, a Black Empowerment Company.

Black economic empowerment is a social and economic imperative in South Africa today.

Aveng Engineering firmly believes that economic transformation is essential for the sustainable development of South Africa and for its future competitiveness. Empowerment is a critical element of that transformation. We are also committed to empowering its staff, the black business partners with whom it works as well as supporting local communities with which it is associated.

Aveng Engineering supports the concept of the balanced scorecard as outlined by the South African Government's Department of Trade and Industry (DTI). The Group participates in various forums and industry bodies in order to achieve a quantifiable and consistent definition covering all aspects of the balanced scorecard.

The Group is actively pursuing ways of increased procurement from black empowered organisations and the development of long-term relationships with empowerment partners through joint ventures on a contract specific basis.