Freight platform scores ARC investment

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ARC Investments has been a partner since 2017, its latest capital injection of around R67m takes its stake to just above 70%, and it will be ‘a good thing if Transnet gets its act together’; the market is big enough for it not to impact our growth forecast – Linebooker CEO Naudé Rademan.

You can also listen to this podcast on iono.fm here. ADVERTISEMENT CONTINUE READING BELOW FIFI PETERS: We are moving into the freight industry right now. JSE-listed African Rainbow Capital Investments was founded, you’ll remember, by Patrice Motsepe, who is the current chair of the company.

The transport market is very big. Our growth rates have been good. Our credibility has grown over the years. FIFI PETERS: As you say, they’ve injected further capital – around R67 million I think the exact number is – into the business. What’s that money going to be used for?The majority of that is just getting better in our technology so we can service customers better, communicate quicker with transport companies, and then also for some of the operational enhancements so we can deal with larger transport volumes in terms of tracking trucks and updates. So the majority is there.

FIFI PETERS: So the best-case scenario for the South African economy, in which we have Transnet fixed, and we have a lot of the goods right now that are being transported on road back on the rail, because that situation is fixed, what then does growth look like for your business? ADVERTISEMENT CONTINUE READING BELOW NAUDÉ RADEMAN: I think in the transport industry – let’s talk trucking, assuming Transnet Rail works – that size the industry is about R270 billion, and probably no player in...

NAUDÉ RADEMAN: Yes. We’ve recently done that. So I think we are fairly comfortable that we’ll be able to sustain that as well.

 

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