Company Overview
Isilo Steel Proprietary Limited was formed in February 2017, and the ownership deal was concluded in June 2017. In terms of the transactions, Isilo Investments acquired 51.12% in Isilo Steel. This has resulted in Isilo Steel being >51% black owned, with >30% being black women owned. Isilo Steel, as a black empowered business, seeks to ensure its trading model remains relevant to the rapidly changing steel environment. By diversifying our approach to the South African steel consumer, we aim to grow our customer base as opportunities present themselves. In addition to price and service, Isilo Steel will positively impact its customers’ B-BBEE ratings in relation to procurement because of its B-BBEE shareholding.
