CZ Electronics announced that it has become the first high-volume contract manufacturer in the country to attain a Level 3 BBBEE status. This status was recently awarded to the company in a joint audit by the CBI (an initiative by the Dutch government to stimulate exports from developing countries to the EU) and the department of trade and industry. The company scored high in the critical categories of black ownership and, more importantly, black female ownership, through its holding company Community Investment Ventures (CIV).
Directors Sagran Pillay (CEO – left) and Rob Bruggeman (COO) show off CZ Electronics’ Level 3 BBBEE certificate
CIV is a broad-based black investment company that invests heavily in technology-based companies such as Muvoni Weltex, Dark Fibre Africa, Clearline, Ferrotech, Dartcom, MCT and CZ Electronics. This new status is expected to benefit CZ Electronics enormously, and the shareholders look forward to increased business in the critical areas of government infrastructure spending. The advantages are numerous, and include the benefit of raising third-party customer BBBEE profiles.
From the Editor's desk: Growth through inclusivity Technews Publishing
News
As the engineering fields in South Africa continue to make progress toward gender equality, we are finally starting to see the presence and contribution of women in engineering and industrial roles.
Read more...KITE 2025 proves its value
News
The KwaZulu-Natal Industrial Technology Exhibition (KITE) 2025 confirmed its place as KwaZulu-Natal’s must-attend industrial event, drawing thousands of industry professionals.
Read more...DMASS experiences continued slowdown
News
The European electronic components distribution market continued its downward trajectory in the second quarter of 2025, according to new figures released by DMASS.
Read more...World-first zero second grid-to-backup power switch
News
JSE-listed cable manufacturer, South Ocean Electric Wire, has completed a solar installation it says marks a global first: a seamless switch from grid to backup power in zero seconds.
Read more...
News
OMC deploys cobots to improve throughput 10x, while maintaining quality and ensuring consistency of fibre optic production.
Read more...Cobots for opto production line
News
OMC deploys cobots to improve throughput 10x, while maintaining quality and ensuring consistency of fibre optic production.
Read more...Anritsu and Bluetest to support OTA measurement
News
Anritsu Company and Sweden-based Bluetest AB have jointly developed an Over-The-Air measurement solution to evaluate the performance of 5G IoT devices compliant with the RedCap specification.
While every effort has been made to ensure the accuracy of the information contained herein, the publisher and its agents cannot be held responsible for any errors contained, or any loss incurred as a result. Articles published do not necessarily reflect the views of the publishers. The editor reserves the right to alter or cut copy. Articles submitted are deemed to have been cleared for publication. Advertisements and company contact details are published as provided by the advertiser. Technews Publishing (Pty) Ltd cannot be held responsible for the accuracy or veracity of supplied material.
printer friendly version