Sector: Aurora Gold Date: 20/07/2010 Article: JSE SENS Announcement Brief: The board of directors is pleased to announce that Labat has entered into an
agreement...
Sector: Aurora Gold Date: 20/07/2010 Article: Troubled Aurora closer to JSE status as Labat acquires gold plants in R38m deal.
Aurora Empowerment Systems is an active investment company, focusing on high-growth investment opportunities.
The Group manages its subsidiaries which operate in a wide array of sectors. Investments are actively managed through shareholders’ agreements, regular dialogue with other shareholders, directors and management of investee companies and by providing strategic input through board, audit and other committee representation. The corporate head office in Johannesburg is responsible for the Groups' centralised functions such as strategic direction, financial and risk management, marketing and communications, Group human resources and corporate social investment.
Aurora aims to acquire significant and strategic majority stakes in targeted businesses so as to ensure adequate empowerment representation and influence. Optimising shareholder value through maximising return on Group Equity Value is the primary goal of the Group. Our strategic focus areas of capital efficiency, earnings growth, costs and efficiencies, diversification and transformation are aimed at achieving this objective.
Aurora directors and management are committed to actively participate in businesses they invest in and have clear, identifiable opportunities to deliver value added. We acknowledge our strengths and capabilities in business development initiatives, facilitating transformation process and expertise; including embarking on a skills transfer and development drive in all our ventures.
Because we regard our integrity and high ethical standards as priceless assets, Aurora has adopted a code of ethics and conduct. This code outlines our commitment to society, the authorities, our clients and our employees.
Natural Africa is focused around providing an environmentally concious product either manufactured or sourced by a company that believes in empowerment and strives to ensure that client and quality are always first priority.
Cenmag (CMG) is an investment holding company whose subsidiaries are primarily involved in: -Manufacture and servicing of electromagnets and motor rewinding. -Wholesaling of electrical and related equipment.