Bearing Man MD moves to OST
August 2006
News
The announcement by Arnold Goldstone, CEO of Invicta Holdings, that Dr Louis Marais, Bearing Man's managing director, will no longer be at the company's helm is disappointing news for Bearing Man, particularly when the company has achieved new levels of sales and profits in a highly competitive market. Bearing Man has experienced a growth in turnover of 168% over the last five years. Operating profits are up 185% for the same period.
Dr Louis Marais, OST
Dr Marais has bought an equity stake in the recently acquired Oscillating Systems Technology Company (OST) by Invicta Holdings and will be relocating to Pretoria after 1 August 2006 to take up his new position as a partner, with Gavin Pelser and Invicta Holdings, in OST.
Dr Marais, who joined Bearing Man in 1996 to formalise the company's human resources division, soon extended his portfolio to include corporate and branch operations. Dr Marais was appointed assistant managing director in 2000 during Greg Till's illness and managing director in 2004. His loyalty to Bearing Man, knowledge of the industry and close associations with overseas suppliers and customers, is reflected in the company's growth.
"It has been a privilege to be part of the Bearing Man team and I have always felt proud of the company's great spirit and steadfast commitment to excellence," says Dr Marais. And adds that, "Although my new challenges will remove me from day to day activities at Bearing Man, I am pleased to remain part of the Invicta Group. I am confident that with Bearing Man's highly developed infrastructure, financial stability and technical expertise, the company will continue to increase market share."
The announcement of Bearing Man's new managing director will be made by the Invicta Board as soon as the appointment has been confirmed.
For more information contact Dr Louis Marais, Bearing Man, +27 (0) 31 576 6200.
Further reading:
Reinstatement opportunity for ECSA registration
News
In 2023 the Engineering Council of South Africa (ECSA) announced a special opportunity for engineers in South Africa to reinstate their registration status if it had been cancelled. This exclusive offer is available until the end of August 2024.
Read more...
A strategic milestone for Conical Technologies
Conical Technologies
News
Conical Technologies has been appointed as the sole distributor in southern Africa for Mibbo, manufacturers of a vast array of products for the automation industry.
Read more...
Robotics TechTalk at UKZN
News
The Scientific Multidisciplinary Advanced Research Technology Lab at the University of KwaZulu-Natal recently held an exciting TechTalk. It was an opportunity to introduce students to the IEEE Robotics and Automation chapter, SAIMC, and the Robotics Association of South Africa.
Read more...
Top laboratory industry trends in the spotlight at analytica Lab Africa 2025
News
The future of laboratories and transformative diagnostic technologies will come under the spotlight in July at analytica Lab Africa, South Africa’s only trade fair for laboratory technology, analysis, biotechnology and diagnostics.
Read more...
Schneider Electric honoured with Gender Leader Award
Schneider Electric South Africa
News
Schneider Electric has been awarded the Gender Leader Award at this year’s Africa CEO Forum. This award acknowledges those organisations operating in Africa that have shown a significant and continuous commitment to gender diversity and inclusion.
Read more...
Africa Automation Technology Fair 2025 closes on a high note
News
The Africa Automation Technology Fair 2025 officially wrapped up after three dynamic days at Gallagher Convention Centre, cementing its status as Africa’s leading platform for industrial automation, AI and IoT.
Read more...
A new generation of solar professionals
News
A new generation of solar professionals is rising in Cape Town. The second cohort of the Solar Youth Project has just completed an intensive eight-week training course and is ready to take on the next stage, 10 months of work experience.
Read more...
From the editor's desk: The age of superintelligence
Technews Publishing (SA Instrumentation & Control)
News
In this issue of
SA Instrumentation & Control we say farewell to our longstanding contributing editor, Michael Brown, who is retiring soon. His outstanding contribution over the years in the field of
...
Read more...
Driving digital transformation in the new wave
SAIMC Supplier Advisory Council
News
The latest presentation in the series ‘Knowledge Sharing 4 Industry’ will be held on Wednesday 25 June. It will be presented by Johan Potgieter, Cluster Industrial Software Leader for Schneider Electric, South Africa.
Read more...
Top laboratory industry trends in the spotlight at analytica Lab Africa 2025
News
The future of laboratories and transformative diagnostic technologies will come under the spotlight in July at analytica Lab Africa, South Africa’s only trade fair for laboratory technology, analysis, biotechnology and diagnostics.
Read more...
printer friendly version