Tolcon Group is committed to the broad based black economic empowerment (BBBEE) agenda of South Africa through its dedicated BEE department that strives to ensure efficient SMME management in terms of establishing effective partnerships, a comprehensive network of suppliers, ensuring a meaningful contribution to South Africa
Lehumo is an infrastructure investment company formed in early 2004. It aims to become a key player in major roads infrastructure development projects in South Africa. In order to achieve this objective, a strategic partnership was formed with Tolcon Group. Lehumo’s business focus is not only a vehicle for wealth creation, but an enabler for broad based community participation of women – in particular through the Lehumo Women’s Investment Trust.
A business in Tolcon Group was selected as the Top Empowered Company in South Africa in the Transport, Logistics and Infrastructure sector in 2012
PAR Equity is led by Patrick Parring. His two sons, Marlon and Robert, are actively involved in the group. The company has a proven track record in the tolling industry, having worked with the Tolcon management team for many years and being actively involved in the industry for the past 12 years.
RMB Corvest is a private equity company and is a member of the FirstRand Group. Founded in 1989, the company invests in established, well-managed, medium-sized businesses, across South Africa and Sub-Saharan Africa, with a proven track record of financial performance. Two of the original founders remain actively involved in the company, making a valuable contribution to its strategy and direction.
As an on balance sheet provider of private equity, RMB Corvest participates predominantly in management buy-outs and buy-ins, leveraged buy-outs and funded Black Economic Empowerment (“BEE”) transactions. The company offers clients a key advantage through its status as an on balance sheet private equity company, using its own funds for investment rather than third party funds. As a result, the company does not have exit timing pressures and is able to invest for the longer term. RMB Corvest is dedicated to long-term relationships, quick decision-making, service excellence and the growth and sustainability of its clients’ businesses, and is well placed to add value for its partners. With over 170 deals completed to date, an established track record, staff highly experienced in private equity and access to the resources of the FirstRand group, the company’s private equity offering is comprehensive.
RMB Corvest has relationships with various BEE groups to provide BEE solutions to prospective clients, including its proud association with Shalamuka Capital. In the past 10 years, RMB Corvest has successfully financed over 50 BEE transactions with various BEE parties.
Further information on RMB Corvest can be found on its website www.rmbcorvest.co.za.
Further information on First Rand Group can be found on its website www.rmbh.co.za/group_firstrand
Tolcon Group is committed to the Broad Based Black Economic Empowerment agenda of South Africa, and has made great strides towards the implementation of the Broad Based Black Economic Empowerment agenda as a corporate citizen.
Hijra Business Enterprises has been identified by Tolcon Group as an Enterprise Development beneficiary candidate to develop a South African based System Integrator capability with the Tolcon Group.
Hijra Business Enterprises is a Black Enterprise currently classified as an SMME that operates in the Information Technology industry. The company has been a 3rd party service provider to foreign owned System Integrators currently operating in South Africa.
Hijra Business Enterprises and Tolcon Group have united and formed a company called Scenivision where both parties are shareholders and have director representation. By pooling the skills and resources of both companies, Scenivision will be able to provide a comprehensive local system supply and integration solution in the traditional tolling industry.
Tolcon Group has contributed resources towards the development of this Black Enterprise SMME. This Enterprise Development relationship would enable the development of local skills and the transfer of knowledge and expertise necessary to develop a traditional tolling solution with South Africa roots.
In conjunction with our BBBEE partners, the Tolcon Group offers upliftment opportunities for local communities and encourages young ladies to join the Tolcon Group. We hope that the success and empowerment of our staff will set an example for all youngsters entering the workplace and encourage a belief and philosophy centred around education. We encourage all our employees to upskill themselves, thus creating a company of multi-skilled and ambitious staff, as well as establishing a new generation of South Africans who understand and value the importance of knowledge. If we can develop our people, especially woman, to be prepared for any opportunity, the Tolcon Group will have made another meaningful contribution to our society. We continue to develop an internal training capability, with a view to empowering our people, especially woman. We continue to expand this capability to include training/development/awareness interventions within local communities (often rural). By pursuing this avenue, hopefully more South Africans, especially woman, develop skills to be able to meaningfully contribute to the success of SA.
To date The Tolcon Group have developed in excess of 500 internal training/awareness interventions, which we ensure are professionally and practically used to upskill our people. In addition, The Tolcon Group embraces the upliftment of, inter alia, women, by committing funds and initiatives to deserving beneficiaries; inter alia:
Tolcon Group are committed to the upliftment of all South Africans. Special attention is focused on BBBEE as well as women development.
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