Henkel has BEE investor group participate in its South African business
Effective January 1, 2006, Henkel sold 26 percent of the shares in its South African business to the BEE investor group Vuya Investments (Pty) Ltd. Under the heading "Black Economic Empowerment", the South African government has, since 2004, been pursuing the objective of redressing equality issues and encouraging active participation of the once disadvantaged black majority in the economic life of the country.
According to Henkel, this early involvement of a BEE partner will serve to strengthen Henkel's standing both in relation to state interests and in the eyes of its customers, as companies satisfying the BEE guidelines officially enjoy the status of preferred supplier.
Henkel is represented in South Africa with well-known brands such as Pritt, Pattex, Loctite or Teroson in the adhesives, sealants and surface technologies sectors, both for consumers and industry (automotive and packaging industry) as well as with Schwarzkopf Professional in the hair salon business. Approximately 300 employees work at the Johannesburg production site and sales offices in Cape Town, Port Elizabeth, Durban and East London.
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