Stocks

Stefanutti

Stefanutti StockS

Stefanutti StockS

Delivering complete construction and contracting solutions

Stefanutti Stocks is a name synonymous with

construction in Southern Africa. One of the industry

leaders, it is able to deliver projects of any scale to

a multitude of clients in diverse markets.

With 12,000 employees, Stefanutti Stocks is a Level Three

B-BBEE contributor that carries a Grade 9 rating from the

South African Construction Industry Development Board

(CIDB) for unlimited tender capability.

AFRICA AND BEYOND Stefanutti Stocks operates across all provinces of South Africa.

In sub-Saharan Africa the group has established a presence

in Angola, Botswana, Ghana, Mozambique, Namibia, Nigeria,

Sierra Leone, Swaziland, Tanzania, Zambia and Zimbabwe.

Outside of Africa, the group has businesses in Dubai, Abu-

Dhabi and Qatar.

There are various business units across its geographical

areas of operation. These business units include divisions in

South Africa and operating companies in sub-Saharan Africa.

In the Middle East region the group’s associates in the

UAE comprise of Al Tayer Stocks, an interior fit-out and refurbishment business; and electro-mechanical contractor

Zener Steward LLC. In Qatar the Rabban Stefanutti Stocks

partnership is involved in general construction.

It is important to comprehend just what Stefanutti has the

capability for over such a wide spectrum of projects. It proves

itself as a multidisciplinary construction group, with capabilities

spanning a broad range of industries including:

• Building construction and mass housing• Environmental• Heavy industry • Marine• Mining services & mining infrastructure• Oil & Gas and Petrochemical• Power• Telecommunications• Transport nodes, roads & infrastructure; and• Large dams, water transfer schemes & waste water.

DIVERSITYStefanutti Stocks knows that the key to success in the

construction industry is diversity, which is why it has

worked hard to strategically position itself with a portfolio of

both conventional and niche skills. Being able to seamlessly

mobilise across the group (and into the rest of Africa) is an

asset integral to the group’s multidisciplinary nature.

The business units in which African operations are divided

into are Roads, Pipelines and Mining Services (RPM) Structures, Building, Corporate Services and Mechanical and

Electrical. These are based on localised operations which are

firmly established and backed by premier brands, financial strength and common values.

The group also has specialist construction capabilities which

include marine, geotechnical and piling, slipforming, incremental

bridge launching, electrical & instrumentation, mechanical, oil & gas, tailings disposal dams and bulk pipeline construction

One of the group’s mottos is ‘If you can dream it, we can

construct it.’ This summarises Stefanutti’s approach to their

client’s wants and needs, from specialist construction to

simple projects, the organisation will deliver across the scale.

SWAZILAND OPERATIONSStefanutti has grown to become one of the biggest contractors

in Swaziland undertaking building, civil and roads & earthworks contracts.

The successful completion of a broad range of projects

includes the Sikhupe International airport, LUSIP main canal and the Public Service Pension Fund office park in Mbabane.

Based in Matsapha, the Swaziland unit has built up a

strong reputation to become a preferred construction partner

in Swaziland and bordering countries since the late 1980s.

MAYDON WHARFStefanutti Stocks entered into a joint venture with Axsys

Infrastructure to become the main contractor for a major

upgrade on the Port of Durban in April 2014.The R1.6 billion project forms an integral part of Transnet’s

Market Demand Strategy which aims to improve the port

system to promote economic growth.

The project involves the reconstruction and deepening of

six of the 15 berths in this precinct, with the Maydon Wharf

entrance channel needing to be deepened to enable larger

vessels to enter the port.

Transnet Capital Projects (TCP) – which is overseeing the project, recently achieved a safety milestone of 1,000,000

Man Hours without a Lost Time Injury (LTI) on the project.Shane Perumal, Project Manager, said: “There has been

a huge safety commitment from the Project Managers, the main contractor Stefanutti Stocks AXSYS Joint Venture, and

subcontractors, to provide continual training, preventative

programmes, communication of safe work practices, sharing

of lessons learned from observations and incidents and

www.cornastone.co.zainfo@cornastone.co.za

The key to a successful business lies in good collaboration, communication and relationships that assist customers derive value from their investments.

good site safety vigilance. This ensures that everyone – from labourers to senior management- works safely every day.”

STAFF AND THE ENVIRONMENTStefanutti Stocks’ divisions are all accredited and audited

by industry bodies in line with industry standards and

requirements. The group doesn’t stop there, its intensive

development and training programmes for staff means

employees are continually raising their performance.

“We have established a culture of investing in people, which provides the framework for personal growth and development

of our employees, our colleagues and our peers. At the same

time, our people are given the tools to take responsibility and

ownership,” says Stefanutti.

A safe working environment is crucial to enhancing the

wellbeing of employees, and Stefanutti is committed to providing

this. Testament to his is the Group Lost Time Injury Free Rate (LTIFR). Numerous awards from industry associations have recognised the group’s outstanding performance.

The environment is another important consideration for the

Group. It has implemented programmes and policies to minimise

the adverse effects its operation has on the environment. This

includes reviewing the methods of construction, and use of

materials to allow for a greener project construction process.

Stefanutti is also passionate about contributing all it can to

the local community. To this end it is involved in a number

of Economic Development initiatives in local areas to focus

primarily on education.

CHALLENGING TIMESWillie Meyburgh, CEO of Stefanutti Stocks, acknowledges that

the environment for construction business is a tough one at

present. Despite this, the group achieved satisfactory results

in its last financial statement.“This is despite an extremely challenging trading

environment, stated Meyburgh. Management regularly review

and align each business unit and its respective divisions with

the changes in their particular markets to ensure ongoing

sustainability.”

The issue of supply and much less demand is a major

problem. The construction industry is undergoing a challenging

period, as Meyburgh acknowledges.

“The high levels of competition for available work may negatively impact operating profit margins going forward. However, we are of the view that potential growth prospects exist in certain sectors of the economy, which provide

opportunities for our Roads & Earthworks, Building, Oil & Gas and Electrical & Instrumentation operations.”

In other sectors, the group says it is well positioned to

take advantage of the medium-sized projects coming to the

marketplace to maintain the order book.

”Our multi-disciplinary and geographically diversified business structure provides a robust platform on which the

group is able to position itself as a strong competitor in the

southern African construction market. We will also continue to

look for opportunities both in southern Africa and on a more

selective basis further afield in sub-Saharan Africa.”

Oliver Moy PublisherFor enquiries emailokm@aubusinesscoverage.com