Siemens Southern Africa has once again made positive moves in the area of black economic empowerment. The 15% shareholding previously owned by New Africa Millennium Telecommunications (Africom) has been bought by the newly established Siemens Employee Share Ownership Trust. Eligible previously disadvantaged employees of Siemens will be the beneficiaries of this trust. “The Employee Share Ownership Trust is our commitment to broad-based black economic empowerment and will essentially allow eligible employees to share in the long-term success of the company,” says Siegmar Proebstl, CEO of Siemens Africa.
CEO Siegmar Proebstl with production staff at the Siemens production facility in Northriding, Johannesburg.
Evidence of the company’s commitment to B-BBEE can also be seen in the constitution of its executive management representatives at board level. Sabine Dall’Omo and Rita Nkuhlu have joined Siegmar Proebstl and Alex Mathole on the Siemens board, making this the company’s first executive management team with 75% women and 50% Black representation.
Members of the Siemens board. From left: Rita Nkuhlu, executive director, Business Development; Sabine Dall’Omo, chief financial officer; Siegmar Proebstl, chief executive officer; Alex Mathole, executive director, Sustainability & Corporate Affairs.
The Siemens commitment to B-BBEE extends well beyond shareholding. “Our focus is on local value creation through initiatives that support society and education advancement, job creation and skills development,” says Proebstl.
WearCheck turns the focus on friction modifiers
News & events
One of the most important features of a lubricant is the reduction of friction between two surfaces.A dditives like friction modifiers are added to perform this function. Wearcheck turns the focus on friction modifiers
Read more...From the editor's desk: Where is AI taking us? Technews Publishing
News & events
Welcome to another year with Motion Control. May it be a happy and healthy one where you can rise to the challenges ahead and still enjoy all the good things we have in this country.
As we continue ...
Read more...Timken funds Kids Haven STEM classroom
News & events
A bright new chapter in digital education has begun at Kids Haven with the official opening of a fully equipped STEM classroom at the Kids Haven Village. This exciting addition was generously donated by Timken South Africa and expertly installed by Breadline Africa.
Read more...SKF launches the Patent Bay SKF South Africa
News & events
SKF is launching The Patent Bay, a new platform open to companies that aim to accelerate technologies with the potential to advance sustainability, by making selected patents freely available to others.
Read more...UKZN’s SMART lab wins aviation award
News & events
The SMART Lab at UKZN was awarded first place in the Aviation Research and Development category at the Civil Aviation Authority of South Africa’s award ceremony for outstanding contributions and achievements in the aviation sector.
Read more...Hamar Controls earns dual Siemens Partner Awards
News & events
Hamar Controls, a provider of advanced electrical, control and instrumentation solutions to Africa’s mining and industrial sectors for over 40 years, has been honoured with two Smart Infrastructure Partner of the Year Awards by Siemens.
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