Power Group shows its commitment
Published in Construction World May 2008

Turning 25 in 2008, civil and building construction entity, the Power Group, is celebrating this milestone with the conclusion of its broad based Black Economic Empowerment structure.

The co-ownership offer has been extended to employees of the Power Group who have served the company for five years or longer. The end result is that there are now 420 new shareholders  who are entitled to profit share in the company. Ownership of the Power Group now resides with three shareholders: Power Group Holdings, with 70% interest; the Power Group Employee Trust, with 20% interest; and the Power Group Investment Trust, with 10% interest.

Allied to this, the Power Group has an intensive development programme which uplifts previously disadvantaged individuals through training. All staff are entitled to internal and external accredited training courses, and the Power Group is actively involved in SAFCEC’s Construction Centre of Excellence (CCOE) in the Western Cape, where together with educational institutions, they develop the skills of young learners.

Further setting the Power Group apart is its commitment to its female staff complement. “The Group is serious about the empowerment of women and substantial progress has been made in diversifying the workforce,” says Marlene Cronjé, organisational development director at the Power Group.

Approximately 50% of the women employed are operational staff, working as engineers, technicians, and surveyors, whilst the rest are employed in the services professions. Previously disadvantaged women are given preference