n IMIESA - Valve leader wins BEE status : product news

Volume 30, Issue 6
  • ISSN : 0257-1978
  • Author
  • Source : IMIESA, Volume 30, Issue 6, Jun 2005, p. 51
  • Accreditation : Department of Higher Education and Training (DHET)



Extracted from text ... Dynamic Fluid Control (DFC) has announced the successful conclusion of empowerment transactions with Kagiso Strategic Investments and Mediro. The two empowerment companies now hold a 34.5% stake in DFC. The agreements place the BEE accreditation process at Dynamic Fluid Control on schedule, with formal recognition from the Mining Preferential Procurement Forum and other national bodies expected soon. Announcing the empowerment agreements, DFC managing director, Henry Smith, said that customers and distributors would now have direct access to a leading empowered valve manufacturer and could avoid the higher prices associated with agents set up as conduits by non-BEE manufacturers. DFC is ..

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