Absa backed consortium buys Safripol

“We are furthermore pleased to announce that Mike Leeming, a former executive director of Nedcor Ltd, has accepted the position of non-executive chairman of Safripol and we would like to welcome Mike and Absa Capital to our team”

An Absa Capital-backed consortium has concluded a leveraged buy-out whereby it acquired the business of Safripol, one of South Africa’s leading manufacturers of high volume plastics, from Sentrachem Ltd. via Sunday Times

[Private]

why is the clerks at safipol sasolburg under contractors and not permanent for safripol. they work at a entry point so it is no fear. they got told they on 3 mouths probation and that is where it ends.

[Private]

They are working on safrpol sasolburg site and dont even get a money increase every year. They dont get bonuses when they go on leave. Can you please help them. I over heard them speak, felt sorry for them and wrote this