Sisonke Hydraulics & Engineering (Pty) Ltd is recognized as an empowerment company and is accredited as such by the DECTI.
In 2001 the directors of Ray Mordt Hydraulics (Pty) Ltd saw the need and future benefits of incorporating an empowerment structure into our business. All the assets, liabilities, goodwill and intellectual capital were purchased in their entirety by Sisonke Hydraulics & Engineering (Pty) Ltd.
Previously disadvantaged employees with the potential to add value to the business were provided with the opportunity to own shares in the business, and to become involved in its management.
The beneficiaries of the trust only include historically disadvantaged employees.
Share Holders of Sisonke Hydraulics & Engineering (Pty) Ltd are:
Morshe Holdings (Pty) Ltd
Sisonke Empowerment Trust
Thabo Masenthle Trust
Morshe Share Incentive Trust