Khanyisa Electrical Suppliers Pty Ltd concludes 30 % deal with Black Consulting Company

November 28, 2008

Khanyisa Electrical Suppliers Pty Ltd and Siphakamile Holdings Pty Ltd have successfully concluded their BEE negotiations as of 25 November, 2008, with the signing of their shareholders agreement. Their new partner, Siphakamile, is a wholly owned black consulting company and has acquired a thirty percent (30%) equity in Khanyisa.

Khanyisa, a highly respected wholesaler situated in the Midrand, was established in 1999 as suppliers of electrical equipment to large industry, the manufacturing industry, electrical contractors and more recently, the general public.  Its eminent empowerment partner Siphakamile, was established in 2004 as a business and electrical solutions advisory company with considerable qualifications in project management and advisory fields.

The signing of shareholder agreements complements each entity's strategic objectives and allows both companies to leverage off each other's long proven strengths. For Khanyisa it fulfils the opportunity for company expansion and more importantly, providing its high profile clients with complete solution sets, including those in the burgeoning low energy and alternative energy fields. With the addition of the Siphakamile's consulting capacity, clients are now offered a full service of project consulting and management, as well as the proven component-based solutions.

For Siphakamile it accomplishes the strategy to diversify from its core of pure business consulting to being able to offer the market a wide range of comprehensive alternative energy solutions, including project consulting, management and delivery.

The new company is already forecasting massive growth for next year, having already prior negotiated some large supply agreements to companies requiring a fully-accredited BE supply chain.

For further enquiries, please contact Clive Kalil, MD at clive@khanyisa.co.za