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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.
Investments
Bridge Group - www.bridgeshipping.co.za
Bridge Shipping is one of the largest privately owned logistics company in South Africa and specialises in the movement of commodities from Africa to Asia. Solethu owns 26% of this business and has been a long term shareholder in Bridge and has assisted Bridge with its growth strategy.
RRL Grindrod - www.rrlgrindrod.co.za
Solethu owns 50% of RRL Grindrod. Founded in 2001 by Ted Zulu, RRL Grindrod (Pty) Ltd provides a full suite of rail services to the mining and manufacturing industries
RACEC Limited - www.racec.co.za
Solethu Investments owns 25% of Racec Limited. Racec is listed on the ALT X and is involved in the following businesses:
Tone Digital - www.tonedigital.co.za
This business specialises in Digital Printing and Signage according to client specifications. It has succesfully won the World Cup Digital Printing award for FIFA.
