Mariswe has acquired three majority black owned companies, Khula Africa Engineers in 2009; CME Consulting Engineers in 2012; and Sektor Consulting Engineers in 2018. These acquisitions brought new technical expertise and projects to the firm.
Most of the shares in the business have also changed hands. In 2016 Mariswe was 33% black owned and 12% black women owned. A 25% stake of the black ownership was held by an external equity partner and 8% by black employees in management. The remaining 67% of shares were owned by white employees.
Today Mariswe is 100% employee owned and almost 56% black owned. Black women effectively own 24% of the company. The equity partner’s 25% holding was bought by Abaqeshwa, a company wholly owned by black employees in the business, while 31% of shares are held by black managers and professionals within Mariswe.
The changes in ownership have been mirrored by changes to Mariswe’s board and management structures with greater depth across service areas and regions.
Mariswe is a Level 1 B-BBEE Contributor status under the Amended Construction Sector Codes of Good Practice.
This achievement has a lot to do with Mariswe’s changing shareholding strategy in which shareholders are becoming younger and more diverse in terms of race and gender. Mariswe’s reputation as a firm that upskills its employees through in-house mentoring and training is attracting motivated young employees and a new internal Leadership Development Programme has been launched in 2019.
The firm’s national Nurture a Girl initiative for teenage girls in their final years of school is now in its third year, giving learners social support including mentorship and counselling.
Mariswe is registered with the following professional organisations:
• The Engineering Council of South Africa (ECSA);
• Consulting Engineers South Africa (CESA);
• The South African Road Federation (SARF);
• The Institute of Municipal Engineering of Southern Africa (IMESA);
• The Water Institute of Southern Africa (WISA);
• Black Business Council of the Built Environment (BBBCBE);
• South African Black Technical and Allied Careers Organization (SABTACO);
• South African Institute of Black Property Practitioners (SAIBPP).