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Labat Africa Limited: Pioneering Economic Transformation Through Strategic BEE Partnerships.
Labat Africa Limited, founded in 1995 by Brian van Rooyen and Victor Labat, is one of the first listed BEE (Black Economic Empowerment) companies on the Johannesburg Stock Exchange. Since its inception, it has been a significant government contractor, delivering consulting and related services.
Labat has repositioned itself as a level 2 B-BBEE fully compliant company, emphasizing its commitment to economic transformation in an environment where companies are encouraged to align with the BEE framework set by the National Government.
Labat’s core strategy revolves around growth-by-acquisition. They target specific sectors under pressure to adhere to BEE mandates, establishing operational partnerships and purchasing un-empowered companies in line with this strategy.
Recognizing a vast opportunity in partnering with un-empowered companies that seek BEE affiliations to unlock more opportunities and funding, Labat aims to establish an alternative BEE network. This approach is designed to capture and maintain market share by competing with existing conglomerates.