The 106-year-old family-owned Barrow group has announced a new empowerment deal created with the formation
of Makhudu Barrow (Pty) Ltd to be headed up by Mike Makhudu, a Barrow Construction bursary recipient, who has since proved his mettle at various levels of responsibility.
The empowerment stake is via an employee trust (created for company employees) with Makhudu as well as two Barrow foremen Rashard Adams and Aron Hugo - who, together, have 36 years of service in Barrow Construction - as individual stakeholders.
Barrow Construction will provide technical, managerial and administrative support and holds a majority stake in the new company, but in time this involvement will reduce.
Makhudu Barrow has already secured its first order: development of a new mortuary that forms part of the Constitutional Hill redevelopment project.
Publisher: The Star
Source: The Star
