CAV Annual Report 2021

“SUPPORT THE GROWTH OF THE AEROSPACE, DEFENCE AND ADVANCED MANUFACTURING INDUSTRIES”

2.5. OUR VALUES

The Values of the CAV team are as follows:

We respect one another’s views, opinions, cultures and work ethics.

Dedicated teamwork is core to our culture.

We uphold open, cnadid and honest two-way communication that fosters relationship building between the CAV employees

Seek to add value to our partners and clients through innovation, synergies and partnerships.

We are passionate about the aerospace, fefence and advanced manufacturing industries and consciously seek to improve and develop our sector to ensure its continued success.

Strive for excellence and international best practice in all aspects of our business.

Figure 2: CAV Values

2.6. COMPANY PROFILE 2.6.1. The Company & its Development

• The local (national) aerospace and defence Industry will benefit from the development of the CAV that will contribute to the industry remaining internationally competitive. • Local Original Equipment Manufacturer (OEM) repre- sentatives: OEM suppliers of components, parts and tools, as well as service providers will likewise benefit from synergistic and economy of balanced applications; and • The Small, Medium and Micro-sized Enterprise (SMME) sector will likewise benefit from a numerous opportunity that will be identified for further development. The project consists of two areas namely: • Landside Development (Short, Medium and Longer term) CAV Landside is envisaged to house firms who do not require runway access that specifically conduct design and manufacturing operations; and • Airside Development (Longer Term) CAV Airside is envisaged to house industry sub-tier firms who require runway access that specifically do upgrades, aircraft maintenance, repair and overhaul (MRO) and aircraft refurbishments.

The CAV is an initiative of the Department of Trade and Industry and Competition ( the dtic ). It was incorporated as a company not for gain in 2006 in terms of section 21 of the Companies Act, Act 61 of 1973, which now is a Non-Profit Company in terms of the new Companies Act, Act 71 of 2008. This Industrial Park is aimed at strengthening the supply chain by bringing aerospace and defence industry suppliers in proximity to one another and to co-locate them next to tier 1 supplier companies and anchor partners. The CAV is being developed on State-owned land provided by the Department of Public Works (DPWI) for which a Head Lease Agreement was signed between the dtic and DPWI with agreed terms and conditions. The CAV was designed to unlock the growth potential of the aerospace and defence sectors in order to contribute to the above objectives in a meaningful way, amongst others, the following:

CENTURION AEROSPACE VILLAGE NPC I ANNUAL REPORT I 2020/21

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