58
CELEBRATING
CORPORATE PROFILE
50 Years
for what is today FNB Soccer City. “Suddenly the projects
came regularly, and we were very busy locally while also
experiencing good growth in Zambia, with multi-year projects
in both countries.
“With this growth in the business came growth pains – we
had too much on our plate for three local directors and
one in Zambia. This resulted in some poor results for
certain projects we had, because projects weren’t being
monitored closely enough. The fact that we don’t have much
contracting work in South Africa at the moment because
of the recession in the local economy actually suits us, as
we are in a consolidation phase and were able to trim our
overheads to suit the reduced local workflow,” says Zipp.
Company structure and organisation
All directors have a shareholding in the business and Zipp is
no longer the majority owner. Today it has three shareholders
/ directors in the IP Group and in IP Zambia the shareholding
extends to its Contracts Director heading up operations
there. Zipp is the MD of the group and very involved in the
Zambian operation which is headed up by the Zambian
director of that company. Enzio Zambetti is the financial
director and looks after finance and general management
“Our focus into other African countries is close to our hearts
and we are gathering the required information before wading
into new parts of the continent. There are real and different
challenges working in other African countries such as local
partnerships, new company and tax legislation, registering
with company and labour authorities and the construction
regulator. If you think labour laws in South Africa are
stringent – they are even more complex in some other
African countries.”
Every year Sasol shuts down sections of the plant for maintenance for up to six weeks, and that is when Industrial
Plumbers is exceptionally busy.
www.plumbingafrica.co.za
@plumbingonline
@plumbingonline
@PlumbingAfricaOnline
January 2020 Volume 25 I Number 11