Bearing Man MD moves to OST
Third Quarter 2006
News & events
AI & Data Analytics
The announcement by Arnold Goldstone, CEO of Invicta Holdings, that Dr Louis Marais, Bearing Man's managing director, will no longer be at the company's helm is disappointing news for Bearing Man, particularly when the company has achieved new levels of sales and profits in a highly competitive market. Bearing Man has experienced a growth in turnover of 168% over the last five years. Operating profits are up 185% for the same period.
Dr Louis Marais
Dr Marais has bought an equity stake in the recently acquired Oscillating Systems Technology Company (OST) by Invicta Holdings and will be relocating to Pretoria after 1 August 2006 to take up his new position as a partner, with Gavin Pelser and Invicta Holdings, in OST.
Dr Marais, who joined Bearing Man in 1996 to formalise the company's human resources division, soon extended his portfolio to include corporate and branch operations. Dr Marais was appointed assistant managing director in 2000 during Greg Till's illness and managing director in 2004. His loyalty to Bearing Man, knowledge of the industry and close associations with overseas suppliers and customers, is reflected in the company's growth.
"It has been a privilege to be part of the Bearing Man team and I have always felt proud of the company's great spirit and steadfast commitment to excellence," says Dr Marais. And adds that, "Although my new challenges will remove me from day to day activities at Bearing Man, I am pleased to remain part of the Invicta Group. I am confident that with Bearing Man's highly developed infrastructure, financial stability and technical expertise, the company will continue to increase market share."
The announcement of Bearing Man's new managing director will be made by the Invicta Board as soon as the appointment has been confirmed.
For more information contact Dr Louis Marais, Bearing Man, +27 (0) 31 576 6200.
Further reading:
The future of security: intelligent automation
Access Control & Identity Management AI & Data Analytics IoT & Automation
As the security landscape evolves, businesses are no longer looking for stand-alone solutions, they want connected, intelligent systems that automate, streamline, and protect.
Read more...
Efficient, future-proof estate security and management
Technews Publishing ElementC Solutions Duxbury Networking Fang Fences & Guards Secutel Technologies OneSpace Technologies DeepAlert SMART Security Solutions
Editor's Choice Information Security Security Services & Risk Management Residential Estate (Industry) AI & Data Analytics IoT & Automation
In February this year,
SMART Security Solutions travelled to Cape Town to experience the unbelievable experience of a city where potholes are fixed, and traffic lights work; and to host the Cape Town SMART Estate Security Conference 2025.
Read more...
Milestone announces a platform to enable access to data and train AI models
Surveillance AI & Data Analytics
Milestone Systems has announced Project Hafnia to build services and democratise AI-model training with high-quality, compliant video data leveraging NVIDIA Cosmos Curator and AI model, fine-tuning microservices.
Read more...
AI for retail risk management
Surveillance Retail (Industry) AI & Data Analytics
As businesses face mounting challenges in a volatile economic environment, Ares-i remains an essential tool for proactively identifying, assessing, and mitigating risks that threaten operational stability and customer satisfaction.
Read more...
Top five AIoT trends for 2025
Hikvision South Africa
IoT & Automation AI & Data Analytics Facilities & Building Management
Hikvision highlights that with technological advances, AIoT (AI-powered Internet of Things) is transforming industries not just by enhancing security, but also by making the world smarter and more efficient.
Read more...
edgE:Tower video analytics integrated with SEON
Surveillance Integrated Solutions AI & Data Analytics
Sentronics has announced a new integration between its edgE:Tower advanced AI-driven video analytics solution and SEON, a Central Monitoring Software (CMS) platform. This integration enhances real-time situational awareness and automated threat detection for control rooms.
Read more...
Schneider Electric’s next generation UPS
Schneider Electric South Africa
News & events
Schneider Electric has launched the new Galaxy VXL – a highly efficient, compact, modular, scalable and redundant 500-1250 kW (400V) 3-phase uninterruptible power supply, complete with enhanced cybersecurity, software and safety features.
Read more...
Bühler’s strategic upgrades advance world-class manufacturing excellence
News & events
2024 was pivotal for Bühler Johannesburg due to significant upgrades at its manufacturing facility to enhance efficiency, safety and the overall working environment.
Read more...
Fuchs Lubricants sails strong into 2025
News & events
The successful completion of a major investment programme has significantly increased the growth potential of Fuchs Lubricants South Africa.
Read more...
WearCheck launches advanced thermography course
News & events
WearCheck recently launched a new training course, InfraFocus to upskill users of thermographic cameras. This highlights the best ways to capture thermographic imagery for use in a condition monitoring programme.
Read more...
printer friendly version