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On 8 April 1983 Graham Power started the company as a conventional civil contractor, with one second-hand bakkie, three casual labourers and administrative help from his wife, Lauren.
In its third year, the company’s head office moved from Elandskloof to new offices in Wimbledon Road, Blackheath.
Initially started as an internal paving company, it is later became known as Power Construction Roads – one of the top specialized surfacing contractors in the Cape. Today the talent and technology that have ensured this success resort as a division under Power Construction
Power Cape South, the Group’s first regional office. Later renamed to Power Coastal, and now a division within Power Construction.
Power Developments (as it is now known) is one of the leading developers of subsidised housing and turnkey upmarket developments including industrial parks, golf course developments and security villages.
Another regional office, this time in Port Elizabeth. Its first major project was to build 2 000 schools throughout the Greater Eastern Cape and the then Transkei.
One of the first emerging companies associated with the Group, Hughmic soon became recognised as a key BEE contractor in the Western Cape.
Another successful emerging partnership, started to service the Eastern Cape.
The RTSC event discussed the Road to the Future. A similar event, called Power Up was attended by 350 employees from all levels. Here, the realisation of the Group’s “100-year dream” was initiated.
At a workshop held in January 2001, the board of directors announced the implementation of a process towards the establishment of a Code of Ethics for the Power Group.
The name of Blitz Asphalt was changed to Power Construction Roads.
A specialist company, focusing on the construction of residential and commercial buildings across the spectrum.
Specialising in affordable housing, it was owned 51% by Previously Disadvantaged Individuals; Power Developments owned 49%.
The Power Group opened its regional office in Centurion in 2004. The office is home to Power Developments’ regional team as well as a Plant section. Situated in Gauteng, the division is set to act as a platform to further enable the Group to extend its services into Africa.
Nikamandla Construction became the fourth empowerment initiative associated with the Group. In this unique undertaking, two previously disadvantaged individuals – both employees – obtained a joint 51% shareholding in the company, while Power Construction Roads received a 49% holding.
The Group was rationalised and streamlined from 12 companies into two: Power Construction and Power Developments.
Power’s BEE deal structures ownership into three shareholders: Power Holdings, with 70% ownership; the Power Group Employee Trust, with 20% ownership; the Power Group Investment Trust, with 10% ownership.
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