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Who is with who in economic alliances

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Raubex (Pty) Ltd (Raubex) is to form an economic alliance with Umso Construction (Pty) Ltd (Umso) and Enza Construction (Pty) Ltd (Enza).

Raubex (Pty) Ltd (Raubex), a large construction company with a broad spectrum of expertise in all sectors of the construction industry, is to form an economic alliance with Umso Construction (Pty) Ltd (Umso) and Enza Construction (Pty) Ltd (Enza), small to medium companies owned, managed and controlled by “historically disadvantaged persons” (HDPs). 

Stefanutti Stocks (Pty) Ltd (Stefanutti) will form an economic alliance with TN Molefe Construction (Pty) Ltd (TN Molefe) and Axsys Group (Pty) Ltd (Axsys). JSE-listed Stefanutti Holdings is a large construction company with a broad spectrum of expertise in respect of all sectors of the construction industry. 

TN Molefe and Axsys are both controlled by HDPs. TN Molefe specialises in civil engineering works and Axsys undertakes structural, civil, roads, earthworks and building construction projects across South Africa. Axsys is a newly incorporated company established for purposes of the proposed transaction. 

The third merger is that of  WBHO Construction (Pty) Ltd and Fikile Construction (Pty) Ltd, Edwin Construction (Pty) Ltd, and the Motheo Construction Group (Pty) Ltd. WBHO is a wholly owned subsidiary of Wilson Balyley Holmes-Ovcon Limited (WBHO Group). WBHO is a large construction company with a broad spectrum of expertise in respect of all sectors of the construction industry. WBHO controls a number of companies in South Africa and around Africa. 

Edwin, Motheo, and Fikile are similarly controlled by HDPs. Edwin is primarily is a civil engineering contractor, Motheo offers services in the construction industry including general building, with a focus on social housing and is also active in the civil engineering sector, Fikile focuses on building works – the building of multi-storey residential and social housing as well as commercial property.

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