Aureos acquired a 49.4 percent stake in 2010.

Company headquarters: South Africa
Business focus: Contracting services, ship building/repairs, manufacture of oil
and gas tanks and refrigeration rooms/cabinets
Growth: 20 percent per annum since 2000


  • With support from Aureos, Southey undertook a strategic review of the company that resulted in identifying new initiatives and growth prospects in other emerging markets.
  • Southey is now present throughout Africa and the Middle East. Growth across the group has been around 20% per annum since 2000.
  • With Aureos on board, Southey is developing more strategically and rigorously, and capitalizing on international opportunities, such as oil and gas in Nigeria and construction of a dry dock In Durban.
  • Southey set up a share participation scheme for all its employees, with priority given to previously disadvantaged individuals.