To further enhance our preferred infrastructure partner’ status, Aquatan has embarked on a transformation path, providing ownership of 32.5% to a 100% black-owned and - managed investment company, Thembani Sicebisane. The deal further strengthens the Aquatan board through the appointment of three highly experienced black directors, two of which are females.
Thembani Sicebisane’s goal is to build an investment portfolio within the construction, industrial and infrastructure sector and it recognises the value of acquiring an interest in Aquatan – a market leader in its field. The acquisition will further strengthen Aquatan’s penetration of both the South African and broader international market.
Aquatan is a Level 4 B-BBEE contributor.