Vektronix is one of the most flexible, cost-effective electronics contract manufacturers in South Africa. As a world-class contract manufacturer in an emerging economy, we blend the advantages of both worlds to achieve that distinction.
Vektronix is owner-managed with many years of experience in world-class electronics manufacture and sophisticated business management. Our management structure is flat – cutting time to manufacture as well as operating costs. Our project management experience is vast – cutting ramp-up time from months to weeks.
We acquired our state-of-the-art assets in a management buyout at lower than market prices. So, we pass those price benefits on to our customers. We use contract labour from a pool of experienced local workers that we have trained and developed ourselves over the past 15 years. That enables us to keep overheads down and adjust quickly to changes in customer needs.
We operate in an area with the lowest utilities and labour costs in South Africa. Our physical environment is structured in such a way that we can quickly and easily expand our existing floor area of 10,500 m2 – again cutting ramp-up time.
For international customers, the exchange rate makes our labour and other costs extremely competitive. Vektronix prides itself on being a Black-Empowered company, with management ownership, after an owner buyout of 38% to Yekani Multimedia (Pty) Ltd. in May 2003, providing employment for more than 235 people. It enjoys a B-BBEE Status Level 3 and provides customers with 110% recognition for their Preferential Procurement Element.
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Year founded: 2003
|NATURE OF BUSINESS|
Training programmes: Vektronix has embarked on a programme of learnerships, skills programmes and bursaries for its employees. The company is entering its second level of learnerships with its first group of 21 employees having graduated recently. Once this process is complete, they are given the opportunity to meet with our Skills Development Manager and a development path is designed around their strengths.
CSI initiatives: Vektronix has previously made generous contributions to various charities and local NPO’s however, a decision has been made that, for 2014, all of Vektronix’s efforts will be directed towards one particular school in its community. This focussed approach will have far more meaning and result in greater benefit.
Black empowerment level – shareholding (%): 25.1%-50% black shareholding