Nkomose Consulting signs B-BBEE agreement with Aury Africa

25 September 2018 Authored by Consultancy.co.za

Mining solutions and consulting firm Nkomose will now hold a major stake in vibration equipment solutions provider Aury Africa in order to help the latter with compliance under the Broad-Based Black Economic Empowerment (B-BBEE) requirements in South Africa’s mining charter.

In the current scenario across the South African market, Pretoria-based consultancy Nkomose Consulting Engineers & Projects possesses perhaps one of the most coveted combinations in their profile – a suite of services consisting of mining solutions and a 100% black ownership structure.

B-BBEE compliance has a sea of economic benefits, which has prompted several firms to seek collaboration with black-owned enterprises. Meanwhile, the country’s mining sector – one of the pillars of the economy – is struggling with a dip in commodity prices, prompting mining firms to seek consulting services to help integrate the latest technology.

Within the mining sector, Nkomose offers support with product crushing and screening, contract mining, load and haul, exploration drilling, resource development, among others. The firm now owns a 51% stake in South African screening and feeding equipment firm Aury Africa, which is expected to earn the latter level 2 certification under B-BBEE stipulations.

Nkomose Consulting signs B-BBEE agreement with Aury Africa

The remaining 49% will be retained by Aury’s umbrella firm Dadi Engineering Development Group. The move comes amid broader restructuring efforts for Aury Africa, which is simultaneously dividing its operations into two broad segments, namely Aury Consumables and Aury Engineering Sales & Marketing.

The firm has also launched a third practice by the name of Aury Screening Solutions in collaboration with Nkomese. The new division will be level 2 B-BBEE compliant, and will primarily deal in the marketing and sales of woven mesh products.

Commenting on the deal, Group Executive Director at Nkomose, Mduduzi Magubane said, “We are delighted to be able to enter into this agreement with Aury Africa, and believe it stands to benefit both stakeholders, in addition to furthering transformation in the South African mining industry.”

Sydney Parkhouse, Managing Director at Aury Africa added, “This B-BBEE deal is in support of the need for social change, and to bolster the local economy. We are excited to have Nkomose on board, as its expertise and industry insight will be of great value going forward.”

News

More news on