MANUFACTURING | BASIC INDUSTRIES | OTHER MANUFACTURING | CORPORATE PROFILE
FAST FACTS
Ithuba Valves & Industrial Supplies cc was established in 2000 and only commenced trading in August 2003. Ithuba Values earned a fine reputation as a refurbishment company in the valve industry with the help of Premier Valves (Pty) Ltd, by using their technical department. This relationship resulted in the successful completion of various large contracts, including phase one and two of the demothballing of Camden Power Station and phase one of Grootvlei Power Station. In January 2006, Ithuba Valves acquired Premier Valves’ manufacturing facility as part of its strategy to become South Africa’s first black-owned valve manufacturer. In December 2008, Ithuba Valves acquired Premier Valves’ designs, drawings and patterns of Metal Seated Wedge Gate valves from 500mm to 1700mm and of the Reflux Non Return valves Multi Door and Single Door, ranging from 500mm to 1500mm. Ithuba Valves manufacture the latter from 80mm to 1700mm and its own designs from 80mm to 450mm. Ithuba Valves has launched a new Butterfly valve which range from 1000mm to 2800mm (PHOENIX Butterfly Valve). Its features include a dish disk that reduces the weight of the valve by 20% and the valve is able to handle seven to ten litres of fluid a second.
COMPANY INFORMATION STATISTICS/ DEMOGRAPHICS/ HISTORY Year founded: 2000 and started trading in August 2003 Founding Members: Moses Sekatane and Karen Vos Number of Employees: 47 Number of branches: One branch Memberships: Valve and Actuator Manufacturers Cluster of South Africa (VAMCOSA), South African Valve and Manufactures Association (SAVAMA), Steel and Engineering Industry Federation of South Africa (SEIFSA), Chamber of Commerce and Industry East Rand. BUSINESS & FINANCE Turnover: R22 167 382 Operating Profit: R3 506 951 Net Profit: R3 702 031 Financial year-end: February Approximate Market share: 20% Holding Company: Ithuba Valves and Industrial Supplies Bank: Standard Bank Accountants: T.H.Wood Current Customer base: Department of Water Affairs, Eskom, South African
Water Utilities, Mining Houses, Civil Contractors, Project Houses, Botswana Water Utilities, Lesotho Highlands Development Agency and Industrial customers. Major Accounts/ Key Clients: Eskom, LHDA, Water Utilities Botswana. CONTRACTS AND AWARDS Industrial Standards: ISO 9001:2008, UNIDO Benchmarking Programme, applicants to SABS Mark and Certification. Awards: Eskom Small Business Expo Award (2007), Impumelelo Top Empowered South African Companies (2010), Chamber of Commerce and Industry– East Rand Gold Award (2011) Recent Major Contracts: Valve Maintenance Contract-Eskom Hendrina Power Station, Manufacture of valves for Extension of Palmiet Pumping Station – Modification of manually operated discharge valves to hydraulically operated at Ntimbale Dam, Botswana – Water Utilities Botswana, Manufacture, supply and commissioning of compensation valves at Katse Dam, Lesotho – LHDA.
(1). Ithuba Valves is the only black majority owned company in the industry (2). Designed and manufactured a 3000mm diameter butterfly valve and a 1800 mm dia sleeve valves which are the largest ever manufactured in South Africa (3). Eskom’s preferred BEE Company (4). Ithuba Valves can do site repairs and maintenance 24/7, every day of the year
EMPOWERMENT STATUS BEE SCORECARD Overall BEE Status
Level 2
Procurement Level
125%
BROAD-BASED BEE WEIGHTING POINTS LEVEL IN RESPECT OF:
Ownership
25.60
20
Management Control
27
10
Employment Equity
20.08
15
Skills Development
N/A
15
Preferential Procurement
25
20
Enterprise Development
N/A
15
Socio-Economic Development
N/A
5
TOTAL
97.68
100
Ithuba is a Value Adding Company Black Ownership: 80% Black Women Ownership: 30% Rating date: 10/04/2012
CONTACT INFORMATION
General Manager: Moses Sekatane Financial Manager: Elizabeth Tshabalala Marketing and Communications Manager: Karen Vos Sales Manager: Sydney Mayekiso Human Resources Manager: Elizabeth Tshabalala Manufacturing Manager: Ruffy Cerbone Physical Address: 8 Basalt Street, Alrode Ext 7, Alberton Postal Address: PO Box149, Alberton, 1450 Telephone: +27 (0) 11 864 2582 Fax: +27 (0) 11 864 2381 With the QR-Code you can visit:
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