CZ Electronics announced that it has become the first high-volume contract manufacturer in the country to attain a Level 3 BBBEE status. This status was recently awarded to the company in a joint audit by the CBI (an initiative by the Dutch government to stimulate exports from developing countries to the EU) and the department of trade and industry. The company scored high in the critical categories of black ownership and, more importantly, black female ownership, through its holding company Community Investment Ventures (CIV).
Directors Sagran Pillay (CEO – left) and Rob Bruggeman (COO) show off CZ Electronics’ Level 3 BBBEE certificate
CIV is a broad-based black investment company that invests heavily in technology-based companies such as Muvoni Weltex, Dark Fibre Africa, Clearline, Ferrotech, Dartcom, MCT and CZ Electronics. This new status is expected to benefit CZ Electronics enormously, and the shareholders look forward to increased business in the critical areas of government infrastructure spending. The advantages are numerous, and include the benefit of raising third-party customer BBBEE profiles.
From the editor's desk: Exciting times ahead? Technews Publishing
News
There are many subjects that excite me in this world, but two of the larger technical subjects are, firstly, renewable energy, and secondly, the idea of artificial intelligence as it continues to evolve ...
Read more...Microchip expands partnership with TSMC
News
Microchip Technology has announced it has expanded its partnership with TSMC to enable a specialised 40 nm manufacturing capacity at Japan Advanced Semiconductor Manufacturing.
Read more...Huge SA grid battery project
News
A standalone battery energy storage system (BESS) has won preferred bidder status under South Africa’s Energy Storage Capacity Independent Power Producer Procurement Programme (ESIPPPP).
Read more...Mouser sponsors NCP Cup 2024
News
The NXP Cup is an EMEA-based autonomous car competition, presented by NXP Semiconductors, which is designed to provide students with real-world experiences in autonomous vehicle programming and building.
Read more...TrinaTracker brings its smart solar tracking to SA
News
The Vanguard 1P is designed to provide customers with trackers that combine suitability for flat terrain, together with outstanding system stability and reliability, quick installation, and flexible external compatibility.
Read more...Invertek produces its three millionth drive iTek Drives
News
Invertek Drives Ltd, a global manufacturer of variable frequency drive (VFD) technology, has celebrated producing its three millionth VFD, just three years after its two-million milestone.
Read more...Vicor Powering Innovation podcast
News
The episode explores electrification with Lightning Motorcycles, a company that produces the fastest electric motorcycle on the planet.
Read more...ModusToolbox Workshop 3
News
This workshop will focus on enabling a PSoC development kit, connected over Wi-Fi and leveraging MQTT, to create the framework of an IoT application.
printer friendly version