Page 29 - Logistics News - March_April 2022

C O MPANY NE W S

AIIM and Mokobela-Shataki

Consortium acquire TLG

AFRICAN INFRASTRUCTURE Investment Managers the continent’s role as a key player in the global energy
(AIIM), one of Africa’s largest infrastructure-focused private transition.
equity fund managers, and the Mokobela-Shataki
consortium completed a R1.6-billion takeover of The Ed Stumpf, Investment Director at AIIM, says, “TLG
Logistics Group (TLG) on 31 March, 2022. The integrated presents a rare opportunity to acquire a multi-corridor player
logistics company operates in southern Africa with services while addressing regional capacity constraints in partnership
across port, rail, warehousing and digital transport logistics. with Transnet and other major operators in the region.”
Olusola Lawson, Managing Director and Co-Head at AIIM
AIIM, through its flagship South African IDEAS Fund says, “This represents our next generation pan-African
and AIIF4 Fund, acquired a 74 percent stake in TLG. The fund AIIF4’s first investment. AIIF4 is a thematic investor
remaining 26 percent stake was acquired by strategic with a high-quality diversified pipeline across the digital
investment partners the Mokobela-Shataki Consortium, infrastructure, energy transition and mobility and logistics
sponsored by Moss Ngoasheng, founder and CEO of Safika sectors. We look forward to expanding the fund’s portfolio.”
Holdings, and Monhla Hlahla, former CEO of the Airports
Company South Africa and current Chairperson of Royal Investment to enhance the existing TLG terminals in
Bafokeng Holdings. Cape Town, Port Elizabeth and Durban will be pursued in
partnership with Transnet National Ports Authority, while
Adding TLG to the AIIM portfolio bolsters its transport operational ramp-up of TLG’s businesses in Mozambique,
strategy in southern Africa, helping to address capacity Zambia and Namibia will be prioritised.
deficits from ports and inland transport. South Africa’s
ports are some of the continent’s least efficient. Doubling AIIM will also seek to develop bolt-on investment
efficiency could equate to halving the distance between the prospects in other key markets where it has portfolio
country’s main trading partners. Investment in transport investments and on-the-ground experience to ensure TLG
corridors running from strategic southern African ports provides a comprehensive offering along diverse corridors to
will benefit from strong growth prospects for various bulk hinterland centres of production or demand, commencing in
and break-bulk cargoes, such as battery metals, cementing the southern and east African region. •

GLTC appoints new equipment sales manager

GOSCOR LIFT Truck Company (GLTC) has our business through the provision of outstanding
appointed Colette Engelbrecht as the New customer service is a core focus for GLTC. Colette
Equipment Sales Manager for the Johannesburg brings a wealth of experience to this role and she
branch, effective 1 May, 2022. Previously the will be key to driving that focus.”
Operations Manager for GLTC’s Pre-owned and
Batteries department, Engelbrecht will play a Engelbrecht’s forklift industry knowledge
pivotal role in achieving the sales targets for the spans some two decades across administrative and
Colette Engelbrecht,
Johannesburg branch, thus further growing the new Equipment commercial roles, where she has demonstrated
business in this important region. Sales Manager her capabilities and is respected for her leadership
for GLTC’s and achievements over the years. In her previous
“In her new role, Colette will be focused Johannesburg role, she was responsible for the development of
on developing the market and increasing sales branch. systems and processes within GLTC’s Pre-owned
throughout the region. She will also work alongside and Batteries department. She also played a crucial L O GI S T I CS NEWS
our technical support team in our quest to continue role in the establishment of the national dealer network, stock
providing first-class service to customers,” says Ronald Ryan, management, improving technician efficiency and growing the
General Manager of the Johannesburg branch. “Growing national battery department. •

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