Andile Mazwai in empowerment deal with leading brand company, HKLM
Andile Mazwai, CEO of Barnard Jacobs Mellet Securities and co-CEO of Barnard Jacobs Mellet Holdings Ltd (BJMH) - has taken a minority shareholding in leading brand company, Harwood Kirsten Leigh McCoy (HKLM), in an empowerment deal that is expected to grow in scale and scope in the coming months.
8 Mar 2005 09:30
Announcing the deal at a function to celebrate HKLM's successful first two years of operation, co-founder of HKLM, Sean McCoy said Mazwai had been appointed as a non-executive board director of HKLM's South African operation as a first step in the company's active transformation process. "We're very excited by the relationship," he said. "Andile understands the branding industry and his dynamism, energy and wealth of business experience will add real value to the partnership."
The deal follows the introduction of HKLM's Employee Share Ownership Plan and bursary scheme earlier this year. The Employee Share Ownership Plan facilitates equity ownership in the company by all existing and future employees.
HKLM celebrated its second birthday with a 30% increase on its first year's revenues, an increase in employee numbers to 35 and a rapidly expanding international footprint that includes the UK, Austria, Australia, Dubai and a host of pan-African countries.
Awarded the Financial Mail's Specialist Brand Agency of the Year in 2004, HKLM has delivered brand solutions to a diverse range of clients including Investec, AngloGold Ashanti, S A Breweries, Martin & Martin, MoneyGram, Nedbank, Global Resorts, Kelloggs and the Johannesburg Development Agency.
Some of its most recent projects have been brand updates for First National Bank, Mercantile Bank and the development of a brand identity for the Orlando Ekhaya project, a 300ha development site in Soweto.
McCoy attributed HKLM's sustained growth to the company's 'best employer, best talent' approach, and to its policy of developing strong partnership-based client relationships. "We've also focused on extending our service offering through all levels of communication and have recently launched our PR and brand behaviour unit, HKLM Connect.
"A key factor has also been our ongoing corporate social responsibility commitment, which involved sizeable pro bono work for Cotlands, CapeNature and Sharklife Africa as well as the wider promotion of the branding industry, here in SA and abroad," he said.