The archives go back 14 years and are available free to print subscribers who have registered online.
  Search 
Issue  Archives
   


Home subscriber site
Home open site

Top Empowerment Companies 2009

03 April 2009 Xerox. The OriginalXerox. The Original

SECTOR: Support services

12 - Primeserv





Revenue: R474m (Dec 07);
Total BEE score: 75,1%;
Ownership score: 21;
Pref proc: 18

Human resources specialist Primeserv has so far opted to facilitate black ownership at subsidiary level. This is a controversial choice given the dominating trend where BEE is facilitated at first-tier level. This is where the real power lies and the strategic direction of the enterprise is determined. But being close to the operating entity has its own advantages for BEE transactions. Primeserv has facilitated deals which transferred 25% stakes to a string of its subsidiaries. Beneficiaries include Tsabatsaba Holdings, Lidonga Group Holdings, a women's BEE investment company, management and staff. In addition the group runs a joint venture called Empvest Outsourcing together with the South Cape Empowerment Network.







BDFM Publishers (Pty) Ltd disclaims all liability for any loss, damage, injury or expense however caused, arising from the use of, or reliance upon, in any manner, the information provided through this service and does not warrant the truth, accuracy or completeness of the information provided. The publisher's permission is required to reproduce the contents in any form including, capture into a database, website, intranet or extranet.
© BDFM Publishers 2012


Member of the Online Publishers Association