• Accommodation
  • News
  • Shipping
  • Contact

My Cape Town

  • Business Directory
    • Add Your Business
    • Login
    • Register
    • User Update
  • Events
    • Add Your Event
  • News
  • Submit News
    • Video Submission
  • Submit Video
  • Accommodation
  • Free Ad
  • Tours

Anchor Industries announces BBBEE restructuring deal

20 September 2012 By Alan Leave a Comment

Anchor Industries, leading supplier of innovative products and services to the marine and offshore mooring, as well as lifting and rigging industries, has concluded a partnership deal with Matasis Investment Holdings.

On conclusion of the existing institutional 5-year partnership with Old Mutual Investment Group South Africa (OMIGSA); and with new horizons in sight, the company commenced strategic discussions and negotiations with Matasis. This imperative business decision resulted in a partnership for the new entity consisting of Matasis acquiring a 55% equity stake, Anchor Industries’ management owning 30%, and the Anchor Industries BBBEE Staff Share Trust holding 15% of the company’s equity.

“We are exceptionally pleased to invest in Anchor Industries. Although Matasis will not be involved in the daily running of the company, we will actively add strategic value by working closely with the management team,” says Yusuf Vorajee, Matasis Chief Executive Officer and Anchor Industries Non-Executive Director.

With the change in shareholding Anchor Industries is now a 70% black and 39.69% PDI Female owned company. Local clients benefit from the new partnership as they will be supplied and serviced by a level 3 BBBEE company. International clients will gain from the vast experience and know-how of the new board members with the assurance that Anchor Industries continues to be managed according to the ISO9001 quality management system. This is important for growth, and future acquisitions for the company, as our preeminent BEE credentials will flow to our subsidiaries as well. Additionally, the Anchor Industries Staff Trust (AIST) will continue to extract value from the company.

It remains Anchor Industries’ priority to supply a diverse range of products and services, while keeping within their areas of expertise. This year alone the company has extended their offering by adding two new products, Codipro and FieldID to their Lifting and Rigging range. Striving for continuous company growth, the new shareholding will see a gradual increase in resources to ensure sustainability.

We look forward to a fruitful and mutually beneficial relationship between Anchor and Matasis,” says Dale Hutcheson, Managing Director of Anchor Industries. “In addition to the current partnership, we are also in discussions regarding possible synergies and partnerships with other Matasis’ investee organisations to prospectively expand Anchor into the rest of Africa.”

Anchor Industries

Left to right: Yusuf Vorajee Non-Executive Director of Anchor Industries and Dale Hutcheson Managing Director of Anchor Industries

Share this:

  • Facebook
  • Twitter
  • Pinterest
  • Tumblr
  • LinkedIn
  • Email


Previous: 3 Medals to kick off the awards season on a high note
Next: Luxury Brand Launches To Change Lives


Filed Under: Business Tagged With: anchor, bbbee, marine

RSS Cape Town on www.MyPR.co.za

  • SA Cricket Legends return to focus on developing cricket talent
  • Challenging finish awaits Berge & Dale riders
  • Search Engine Marketing Services
  • Top Western Cape matric determined to make her mark as an engineer
  • CloudOne.mobi secures major investment to boost its Cloud-based business solutions

Leave a Reply Cancel reply

You must be logged in to post a comment.




Search the Business Directory


Random Business Listings

  • Hive Home
  • Realtors International Tableview : Parklands : Cape Town : houses property apartments townhouses land for sale – estate agents – South Africa
  • Shield Awnings S.A.
  • HCG SLIMMING
  • The Arrow
  • Alta Bay
  • Chapmans Peak Beach Hotel
  • Cape Gate and Fence
  • Fashion Design
  • One Clifton Road

Random Goodness

Cape Town Image: Chantel watching people jumping into the pool

‘My cellphone saved my life’

Jake White gives neglected horses a home at top-notch stud

Cape Armature Winders Expands Local Service

Table Mountain Cable Car – Cape Town South Africa HD

RSS Port Elizabeth in the News

  • Mthatha News: Two arrested for unlicensed firearms around Mthatha Cluster
  • Homecoming for Amanda Black
  • Baakens River Pedestrian Bridge
  • Day 1 Live Replay – SAP 5O5 World Championship 2015 – Port Elizabeth, South Africa [video]
  • The Wheels on the Bus Go Round and Round
  • Why one of Newton Park’s Last Roads to be tarred was McAdam Street
  • Grahamstown News: ‘It was not the worst kind of rape’: HIV+ Eastern Cape rapist appeals life sentence
  • SA Cricket Legends return to focus on developing cricket talent – MyPR.co.za
  • PE Business News: Zambia Mines Minister pledges support for gemstone sector
  • Bhisho News: Masualle upbeat to be leaving Eastern Cape ‘better than he found it’

RSS Durban News

  • DUT suspends academic programme at Durban campuses
  • Durban Image: World Economic Forum Solutions Summit Public
  • 2019 theme announced for FORBES WOMAN AFRICA Leading Women Summit
  • Woman arrested in connection with KZN baby found dumped in drain
  • The Ideal Start – Featured Durban Blog
  • Durban Image: World Economic Forum Solutions Summit Public
  • Student protests flare up in Durban, march to City Hall planned
  • Body of drowned Verulam 12-year-old boy recovered
  • Durban Image: Day 276: Avondale Road, Durban
  • Dolphins down the Titans in Centurion thriller – Featured Durban Blog

RSS Johannesburg News

  • Hello world!

Copyright © 2019 · Cape Town, Western Cape, South Africa · Privacy Policy

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.