The Congress of Traditional Leaders of SA (Contralesa) has bought a 25,1% stake in UWP Consulting, a Johannesburg-based engineering consulting firm, Contralesa said on Tuesday.
Prince Mpumalanga Gwadiso, chief executive of Contralesa Investment Holdings, the body’s investment arm, said the acquisition was in line with its intention to achieve good returns for Contralesa members and the largely rural constituencies
it represents.
”In rural areas traditional leaders have always taken responsibility for their own community resources. Contralesa Investment Holdings aims to add value and by investing in a stable, established company with proven competence in rural infrastructure development, this requirement is met,” said Gwadiso.
UWP Consulting specialises in structures, township services, water and sanitation, development planning, roads and transportation, mining infrastructure, plant and fleet management and information management.
The company has offices throughout South Africa and recently expanded its operations into the Southern African Development Community countries.
UWP managing director Zulch Lötter said the company’s network of 13 offices in South Africa and an office in Zambia would ensure access to multi-disciplinary consulting services for Contralesa’s constituency. – Sapa