Work Dynamics now 51% Black owned
The 17th of August was essentially Spring Day for Work Dynamics as years of evolution converged into a fresh, revitalised company by becoming 51% Black-owned.
“We have always supported a sense of creating a company in line with the Constitution of South Africa. In fact, we started the process of transformation – maybe we should call it normalisation – years ago when, in terms of BBBEE legislation, we were not obliged to commit to this level of change,” says MD and founder Francois Wilbers.
The new Work Dynamics shareholder structure is as follows:
|Keymix (Asim Gani)||33.4%|
|Lwazi Capital (Nombini Mehlomakulu)||15%|
|Dr Teresa Kruger||2.5%|
The executive shareholders are Francois Wilbers and Dr Teresa Kruger.
New shareholders are Lwazi Capital, headed by Nombini Mehlomakulu, and Dr Teresa Kruger, who heads Work Dynamics Gauteng region.
Wilbers says that being a Black owned company integrates Work Dynamics into a society free of any discrimination in terms of our constitution and also contributes to the longevity of the company, allowing it to pursue longer term objectives.
Importantly, Wilbers is determined that change will not only happen at shareholder level, offering psychometry and psychology internships to talented previously disadvantaged individuals, with a view to appointing them permanently. Wilbers points out that 50% of Work Dynamics employees are Black, a 10% increase on last year.
“We’ve worked hard to prepare this 21 year old company for a fresh beginning and we look forward to the brightness and renewed hope that goes with change. Work Dynamics is in a very good space,” says Wilbers.