The Zest WEG Group has announced a restructure of its executive team with the intention of establishing the skills and focus needed to accelerate the growth of the Group’s activities into African markets.
“The WEG Group, our parent organisation, has set in motion a strategic plan to increase its sales by at least 17% year on year until 2020, when it aims to arrive at a turnover of US$10-billion. To this end we’ve set in motion a number of initiatives to increase our presence in African countries,” says Louis Meiring, Zest WEG Group CEO. “These initiatives will not in any way compromise the service and support currently enjoyed by our South African customer base, because we are adjusting our business to enhance the skills of our existing personnel and also bringing additional people on board.”
One of the changes within the Group’s executive team is the appointment of an additional board member to fulfil the newly-created role of group automation and systems director. This board member, currently being relocated to the South African operation from WEG Brazil, will focus on driving the expansion of the automation and systems business, encompassing Shaw Controls, EnI Electrical and the genset division.
Another change in the executive team will see Gary Daines, group sales and marketing director, take on more responsibility – notably driving the strategic growth of WEG Transformers Africa and Zest Energy. Each Zest WEG Group company will retain its existing managing directors, who report to the executive team.
“We estimate that the number of people employed by the Group today will not be sufficient to achieve our own specific 2020 goals,” says Meiring. “To address this, the executive team has started adjusting the business model and gearing up to achieve the future technical capabilities that will be necessary.
“In terms of empowerment, we will continue to support sustainable transformation and remain committed to the South African BBBEE codes of good practice. In 2004 we achieved the milestone of being black empowered with the acquisition by Medu Capital of 26% of the company. Our transformation has been underpinned by values we hold fundamental and supported by good business principles. In February 2010, after a very successful partnership with Medu Capital, these partners decided to exit from the Group as was their pre-emptive right.
“The process of transformation is also the responsibility of the executive team and remains high on our board agenda. We’re currently formulating a strategy once again to achieve a minimum of 26% black ownership.”
Reinstatement opportunity for ECSA registration
News
In 2023 the Engineering Council of South Africa (ECSA) announced a special opportunity for engineers in South Africa to reinstate their registration status if it had been cancelled. This exclusive offer is available until the end of August 2024.
Read more...Understanding standby, prime and continuous gensets WEG Africa
Motion Control & Drives
The increasing reliance of South African businesses on generator sets to mitigate power disruptions highlights a crucial need for proper selection based on specific operational demands. Despite their growing usage, there is still widespread confusion about how to choose the appropriate genset, often leading to inefficient and costly decisions.
Read more...Hytec opens fifteenth Mandela Day library Bosch Rexroth Africa
News
Over 200 learners at Monene Primary School in rural Limpopo have received their own containerised library. This is the fifteenth library since 2011, provided by Hytec South Africa and the Nelson Mandela School Library Project to schools across the country.
Read more...CSIR survey on the state of cybersecurity in South Africa
News
The CSIR Information and Cybersecurity Centre has released four comprehensive national cybersecurity surveys. These delve into critical areas such as cybersecurity preparedness and resilience in the public sector, cybersecurity skills gaps, cybersecurity incidents, and the digital identity landscape in South Africa.
Read more...Referro Systems partners with Festo in Northern Cape
News
Referro Systems has been recognised as an Authorised Official Partner Candidate for Festo in the Northern Cape, marking a significant milestone in its commitment to delivering best-in-class automation solutions to customers.
Read more...Heavy-duty tablet achieves global certification Vepac Electronics
News
In a significant advancement for the company’s rugged tablets, the Teguar TRT-5380-10 heavy-duty tablet from Vepac has successfully acquired 11 international certifications, setting a new standard in quality, safety, and security across global markets.
Read more...WEG boosts local manufacturing capabilities WEG Africa
Motion Control & Drives
To improve its local manufacturing processes, WEG has taken delivery of two laser cutting machines and three bending machines. These have significantly increased productivity and efficiency, reducing internal delivery times, and ultimately customer lead times.
printer friendly version