STEFANUTTI STOCKS - A NEW ERA

Merged group unveiled as Stefanutti Stocks

With effect from 19 September 2008, our new group formally changed its name to Stefanutti Stocks Holdings Limited.

Our new name and logo retain elements of both Stefanutti & Bressan and Stocks Limited and serve as a reminder of the pioneering spirit and rich heritage of entrepreneurship and ambition that both companies laid claim to in times gone by. We will now actively move forward, embracing this change and the new challenges and opportunities it affords our group, as we start writing a new chapter in our success story.

The synergies within the companies’ business models, growth strategies, management styles and cultures, as well as the fit of operations will combine to ensure our growth and sustainability. We aim to nurture a unified business mindset and promote a culture based on our entrepreneurial spirit in order to ensure that our new brand fast becomes a recognised and respected entity in the industry.

Skills shortages within the industry have presented challenges for a number of decades and our strengthened and expanded skills pool, particularly at management level, where an industry-wide skills shortage is set to continue, is an important advantage. This enlarged combined pool of people allows us to pursue opportunities of a scale and complexity not previously attainable.

Business Units

BUILDING
Our building business unit undertakes contracts in all commercial, industrial, residential, institutional and leisure fields and is very active in the public private partnership sector. Building operates throughout South Africa, Southern Africa and the Gulf region.

CIVIL STRUCTURES
Our civil structures business unit executes the construction of reinforced concrete works for mine infrastructure, industrial and petrochemical plants, power stations, storage silos, bridges, marine works and effluent and water treatment plants.

We are a leading specialist in the construction of bridges and structures, cooling towers and high-volume storage facility construction. The business unit includes Civil & Coastal, a specialist marine and civil rehabilitation contractor.

Our piling and geotechnical operations are currently active throughout Southern Africa and specialise in geotechnical surveys, lateral support, rock anchoring, shotcrete, grouting and the installation of concrete piles

MATERIALS
Our materials business unit was established to invest in the construction supply chain and will be developed in the future.

MECHANICAL & ELECTRICAL PROJECTS
Our mechanical & electrical projects business unit undertakes mechanical, electrical and instrumentation construction work in the industrial, mining, manufacturing, and petrochemical sectors. The business unit incorporates Skelton & Plummer, a specialist in mechanical, electrical & instrumentation construction. We are well-established with companies such as Anglo Platinum and Impala Platinum and operate throughout the Southern African region, including South Africa, Namibia, Botswana, Zambia and Mozambique.

MINING SERVICES
Our mining services business unit specialises in mine residue disposal facilities (tailings & dams) and open cast contract mining. The business unit incorporates the wholly owned subsidiary ECMP - a civil engineering company specialising in waste, civil and environmental engineering.

Mining services operates across South Africa and we are currently undertaking a number of large mine infrastructure projects for major mining houses.

PROPERTY & CONCESSIONS
Our property business procures mainly cross-border contracts by facilitating property development in Zambia and Mozambique. Our concessions business partners with government in the provision of facilities or services through concession contracts (public private partnerships) and is currently building the new SADC Headquarters in Gaborone, Botswana.

We also service other business units within the group to facilitate EPC and turnkey contracts through our design and build project delivery approach.

ROADS & EARTHWORKS
Our roads & earthworks business unit has been responsible for the successful completion of numerous major contracts throughout Southern Africa. The business unit focuses on the construction of roads, bulk earthworks, landfill sites, golf course developments, terraces for new developments
and municipal services. We operate throughout South Africa, as well as in Swaziland, Mozambique and Zambia.

GULF
Our operations in the Gulf cover interior fit-outs, refurbishments and electromechanical installations undertaken by our subsidiaries, Al Tayer Stocks and Zener Steward Electromechanical.

Al Tayer Stocks is an interior contracting firm that provides turnkey solutions and offers a range of services, including plastering, furnishing and electrical and mechanical systems installation.

Zener Steward Electromechanical specialises in the design and installation of electrical, mechanical and plumbing systems. The business works mainly as a subcontractor to Al Tayer Stocks and directly with select contractors.

We currently operate in Dubai and Abu Dhabi and will leverage this platform to exploit opportunities in the Middle East.

The journey forward

Reflecting on our legacy better prepares us for the future. It is only through understanding the events of the past and building on the expertise and experience that have moulded our success to date that we are able to embark on our journey forward. While we enter this new era with excitement – under a new name, with new branding and in a larger restructured group – we are aware that we have built a strong foundation over the past decades; one that will enable the group to take full advantage of our bright future.

We are very privileged to still have Gino Stefanutti, founder of Stefanutti & Bressan, actively involved in the business – the man who years ago dreamed of “building monuments” and went on to do just that! However, it takes a team to truly realise a vision and our structures bear testimony to our strength and capability as a group.

A special thank you to all the people, both past and present, whose input and memories made it possible for us to write this story! This brief journey through our past makes reference to specific names, events and projects. Yet, there are countless more colourful memories that give colour to our heritage.

Our entrepreneurial spirit has served us well, culminating in the listing in 2007 and the acquisition of a number of companies, including Stocks Limited in 2008. We have now developed into a multi-disciplinary multi-national company with operations in Africa and the Gulf  and future expansions plans elsewhere.

The spread across disciplines, as well as our broad geographical footprint, will enable the group to better withstand market cyclicality and mitigate against specific risks, ensuring at the same time sustainability and a wide scope for the growth and advancement of our people.

As we take our first steps as Stefanutti Stocks we are confident and in control.

After all – the future will only be as good as we build it!

Willie Meyburgh (chief executive officer, Stefanutti Stocks Holdings Limited)