Majozi Brothers Construction enters joint venture with Hire-It Natal
Durban-based Majozi Brothers Construction and tool hire and sales operation Hire-It Natal have entered into a joint venture called Majozi Bros Tool Hire & Sales. The BBBEE level two company is 51% owned by Majozi Brothers Construction, while Hire-It Natal holds 49%.
Co-owners of Majozi Brothers Construction Sihle Ndlela (left) and Simphiwe Majozi (right) celebrate the launch of Majozi Bros Tool Hire & Sales with Hire-It Natal's Richard Fraser.
Sihle Ndlela, co-owner of Majozi Brothers Construction, believes the new JV has an exciting future: “This is an untapped market with only a few large big players dominating it. Given our BBBEE rating, we are able to assist our commercial customers in reaching their supplier targets. However, we also realise that it is not enough to have an excellent BBBEE rating, we also need to make sure that we deliver quality products and service to keep our customers happy for the long term."
According to the JV partners, the plan is to grow the company aggressively in the KwaZulu-Natal commercial construction sector by developing relationships with big construction companies and hiring tools to them on a long-term contract basis at market-related cost. Having put in place the right systems and developed sufficient capacity to handle growth, they plan to roll out the company nationally in the near future.
