R/€ = 14.15
R/$ = 10.32
Au 1230.27 $/oz
Pt 1359.50 $/oz
Mar 27, 2006
Japanese logistics firm in empowerment dealBack
Kintetsu World Express|KWE SA|KWE South Africa|Tennant Africa|Africa|Logistics Giant|Supply-chain Management|Transport|Madala Mthembu|Shuji Kawakami
© Reuse this Newly-established black economic-empowerment (BEE) investment company, the Keodirelang group, has acquired a 25,1% stake in the South African arm of Japanese global logistics giant Kintetsu World Express (KWE) in a multimillion-rand transaction.
Keodirelang, a newly formed strategic investment company specialising in BEE transactions, includes Khusela Women’s Investments, Madala Mthembu, CEO of Tennant Africa, a black-owned commodities and logistics company, and Kgosie Matthews.
“There are tremendous opportunities in the transport and logistics sector, and KWE is well-positioned to take advantage of the general growth in the African economy,” Mthembu said, adding that KWE South Africa provides a one-stop logistics service to a range of clients, and received the Platinum Award in the 2005 Logistics Achiever Awards for logistics excellence in supply-chain management.
KWE SA MD Shuji Kawakami indicated that the company intended using its local-market dominance to enhance its position as the gateway into the rest of Africa.
KWE SA’s key business areas include general logistics and specialised freight forwarding and customs-clearing services.
Edited by: Nelendhre Moodley© Reuse this Comment Guidelines
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