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An amazing turnaround
1st Quarter 2017, News & events
It is not every day that a company stares at liquidation and devastating job losses, but survives to tell the tale. Unidrive Electric Motors is receiving a second lease on life following the acquisition of a majority stake in the business by Ayanda at Work, with the majority of funding coming from a consortium of black women.
Between 2012 and 2013, Unidrive went through hard times as a result of cash flow challenges and this pushed the business into a precarious financial position with the possibility of closure. “Unidrive is one of the most recognised players in the refurbishment and supply of electric motors and its demise would have been very sad,” says Unidrive MD, Theo Mashego.
Key among the steps to win back business was to improve the quality of workmanship and secure all necessary standards. Unidrive is SANS 1561-1:2006 listed and also complies with SABS 0242 as well as being ISO 9001 certified. Mashego says Unidrive is very competitive in the market for the repair of up to 450 kW and 1000 V motors, and also complies with SANS 60079-0 and 60079-1 for repairs of flameproof motors and with SANS 60079-0/15/19 for sparkproof motors. The company has seen its turnover growing in double digits between 2015 and 2016, with more upside expected in 2017 with the recovering economy.
Unidrive has been verified as a level 2 B-BBEE company. Mashego says the company will continue to focus on black women youth training, development and employment as part of its socio-economic contribution.
For more information contact Theo Mashego, Unidrive, +27 (0)11 813 3206, email@example.com, www.unidrive.co.za
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