BLACK ECONOMIC EMPOWERMENT AND EMPLOYMENT EQUITY

Heaton Valves Africa (Pty) Ltd (HVA) is complying with BEE Codes of Good Practice and has been recently audited by an independant verifying agency, DECTI.

In January 2005, a 26% shareholding was sold to previously disadvantaged individuals, who now play an active role in the company and hold directorship positions at HVA. They are university graduates with engineering and financial backgrounds, and with this in mind, have a good understanding of how the business functions. All three empowered directors have seamlessly slotted into the day-to-day running of the company.

HVA has an official Empowerment Equity Policy, and has submitted an Employment Equity Plan to the South African Department of Labour.

HVA has had successful independent BEE assessments by the following companies. Contact persons for references can be supplied on request:

• Natref
• PetroSA
• Petronet
• Sapref
• Engen
• Chevron
• Total
• Lesedi
• Anglo
• Sappi
• Mondi
• Illovo
• SABMiller
• SA Navy
• Encon
• PBMR
• Eskom