Latest News
Solethu Forms Mining Venture
Solethu has formed a wholly owned subsidiary called Solethu Mining to focus on Mining Opportunities throughout Africa. Solethu through its strong logistics capabilities is very well positioned to add value to Mining Entities working in logistically constrained areas and seeks to partner with them in developing their resources.
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.
Investments
RRL Grindrod (www.rrlgrindrod.co.za)
RRL Grindrod is a joint venture between Solethu Investments (Pty) Ltd and Grindrod Holding South Africa (Pty) Ltd, a wholly-owned subsidiary of Grindrod Limited. The company is 51% black owned and is a level 2 rated empowerment company.
RRL Grindrod was formed out of an existing business, RRL Holdings (Proprietary) Limited, and provides locomotive full maintenance leasing, rail operations and shunting services to its clients. These services include inbound and outboard rail management, building of train sets, rail maintenance, loading / offloading of rail wagons and the management of its clients' relationship with Transnet Freight Rail to ensure the smooth running of their rail operations. RRL Grindrod also provides locomotive maintenance and has the capacity to refurbish its clients' locomotives.
The company is committed to becoming the leading supplier of outsourced rail related services in South Africa. With Grindrod's backing, RRL Grindrod has the financial strength to grow the business and to give clients piece of mind. In addition, RRL Grindrod is able to utilise the Grindrod Group's existing footprint and logistics expertise to provide clients with a seamless logistics solution in the movement of bulk commodities from pit to port.
RRL Grindrod intends growing its locomotive fleet in order to continue to support and grow its client base and to position itself to capitalise on business opportunities arising from rail restructure in South Africa.
RRL Grindrod wishes to position itself to be able to participate in public-private partnerships, feeder services to Transnet Freight Rail and branch-line concessioning. RRL Grindrod is hopeful that Transnet will bring these types of opportunities to the market, in light of the current financial crisis.
