From its roots in the Free State gold fields of South Africa, Genrec has grown into one of the largest engineering companies in Africa. Genrec is a Southern Palace Group (SPG) company. SPG’s strategy is to be a leading, black-owned, industrial operating company particularly in the infrastructure, mining services and value-added steel manufacturing industries. Steel is in the fabric of Southern Palace, the Group having been involved in the steel services business as an investor for the past 15 years. Southern Palace is a wholly black-owned and managed South African, diversified industrial operating company with interests in numerous well-established businesses.