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Solethu acquires a 25% shareholding in Racec Limited in order to grow its footprint in rail and logistics
RACEC Group Limited, the AltX listed rail and electrification infrastructure solutions company, announced the details of an agreement which it has entered into with Solethu Investments, a black economic empowerment investment company.
Solethu Investments
Group Structure
Solethu Investments is 95% black controlled and is 80% black owned on a flow through basis.
Solethu shareholding structure ensures that it is a black controlled empowerment entity with a sustainable black shareholding base.
Company Profile
Core Values
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Solethu has the following core values and principles in dealing with its investments:
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Integrity: All employees of Solethu adhere to the principle that they must do what they say and do what they know to be right.
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Transformation and Diversity: Solethu believes in transformation across Race and Gender so as to enhance their value offering to its investments.
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Innovation: Innovation is a key criterion in always ensuring that our investments remain relevant with the constantly changing political, economic and social South African environment that businesses must operate in.
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Have a thorough understanding of our investments and only invest in companies where we feel that we can add value to all the stakeholders in that investment.
Corporate Governance
Solethu is committed to the highest levels of corporate governance throughout its subsidiary and investee companies.
