Electrical equipment firm sells supplier division

Actom has sold its Wilec division to Makarenge Electrical Industries (MEl), a black-empowered company based in Gauteng. Wilec manufactures input materials to the electric rotating machine and transformer manufacturing and repair industries. According to Actom’s group CEO, Mervyn Naidoo, the disposal of Wilec demonstrates the group’s corporate strategy to focus on its core businesses within the electrical infrastructure […]