A subsidiary of South African conglomerate Bidvest is selling a 27.5% stake in a logistics business to black women-owned financial firm Akhona Strategic Investments. Akhona, headed by former investment banker Nolunthando Gosa, will purchase the Bidvest International Logistics stake from Bidfreight. African Bank and Greenpoint Capital...
The empowerment transaction recently concluded by family business LESCO Manufacturing with a consortium constituted of former CEO of Exxaro Resources, Sipho Nkosi, and the Akhona Group, headed by Noluthando Gosa, is a partnership with a strong social conscience – creating jobs for the unskilled and...
Sipho Nkosi has partnered with Akhona Group CEO Noluthando Gosa to transform a South African switch maker into a job-creating JSE giant Former Exxaro Resources CEO Sipho Nkosi is investing in a South African maker of electrical equipment in an effort to create more jobs for...
Executive chairperson of the Akhona Group, Noluthando Gosa, has said the recently concluded partnership deal between the company and former chief executive of Exxaro, Sipho Nkosi, was a befitting example of an ideal empowerment transaction. Gosa said the deal, which is an acquisition of 33% stake...
LESCO partners, from left, Sipho Nkosi, Jonathan Shapiro, Ishara Ramsunder, Noluthando Gosa and David Shapiro. JOHANNESBURG - An innovative electrical manufacturer has partnered with the country’s business elite to make space for the unemployables . Lesco Manufacturing, which has its main assembly plant in Muldersdrift, employs people with disabilities and those with...
Firm to train disabled, unskilled to make electrical equipment Former Exxaro Resources Ltd. Chief Executive Officer Sipho Nkosi is investing in a South African maker of electrical equipment in an effort to create more jobs for disabled and unskilled people. Nkosi partnered Akhona Group (Pty) Ltd....
VMK Appointment of Chairman Verimark Holdings Limited (Incorporated in the Republic of South Africa) Registration number: 1998/006957/06 Share Code: VMK ISIN Code: ZAE000068011 ("Verimark") APPOINTMENT OF CHAIRMAN Shareholders are referred to the announcement released on Tuesday 8 May 2018 notifying that Ms Noluthando Gosa and...
Akhona Properties is changing direction and repositioning itself as a property investment company Akhona Properties, 100% owned by black women, is changing direction and repositioning itself as a property investment company. The small company has earned a solid reputation as a property manager over the past few...
Johannesburg, 28 September 2016: ArcelorMittal South Africa today announced the terms of its broad-based black empowerment transaction, which takes the company another step closer to compliance with the requirements of the country’s B-BBEE Codes of Good Practice. This follows the announcement by ArcelorMittal South Africa...
Ms. Gosa is one of the founding Commissioners of democratic South Africa’s first National Planning Commission that was appointed by the President of the Republic to draft the country’s current economic blueprint, Vision 2030 as well as the National Development Plan. Noluthando is an MBA (Marketing)...