| Mon 19 May 2008, 11:36 | | LAF - Lonrho - Lonrho Establishes `Lonrho Projects |
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LAF
LOLAF
LAF - Lonrho - Lonrho Establishes `Lonrho Projects South Africa (Pty) Limited`
to develop key projects in South Africa
Lonrho Plc
(Formerly Lonrho Africa Plc)
(Incorporated and registered in England and Wales)
(Registration number 2805337)
(Share code: LAF; ISIN number: GB0002568813)
("Lonrho" or "the Company")
Lonrho establishes `Lonrho Projects South Africa (Pty) Limited` to develop key
projects in South Africa
19 May 2008
Lonrho Plc (AIM: LONR), the conglomerate with a structured portfolio of African
investments, is pleased to announce that it has established a new company in
South Africa to undertake detailed feasibility studies on several major projects
within South Africa that Lonrho Plc is currently evaluating.
The new company, which operates from Johannesburg, is carrying out pre-
development feasibility and design studies for strategic opportunities
including:
- an oil terminal and port infrastructure development
- a banking project
- development of a resort hotel
- regional aviation and airport opportunities
The new company has appointed Mr Sipho Nyawo to the Board of Directors. Mr Nyawo
has a long career in infrastructure based developments, having worked with the
United Nations Centre for Regional Development , in Nagoya, Japan, the Port
Authority in New York and New Jersey in the United States; latterly holding
senior executive roles with the Port of Durban, Transnet , Southern Africa
Infrastructure Consulting Group (SAICOG); and serving as Government Commissioner
in the KwaZulu Natal Provincial Commission for Planning and Development.
David Lenigas, Lonrho`s Executive Chairman commented:
"Lonrho is undertaking in depth feasibility studies for several major new
initiatives in South Africa. As part of this process, we are keen to utilise
local skills and expertise whenever possible. Lonrho Projects South Africa pty
Limited brings local skills to the Board, and the potential for strategic BEE
involvement in our proposed developments`
LONRHO ENQUIRIES
Lonrho Plc +44 (0)20 7016 5105
David Lenigas, Executive Chairman +44 (0)7881 825 378
Geoffrey White, Chief Executive +44 (0)7717 307 308
Officer
Emma de Borchgrave, Executive +44 (0)7867 785 177
Director
Pelham PR
Charles Vivian +44 (0) 20 7743 6672
+44 (0) 7977 297903
James MacFarlane +44 (0) 20 7743 6375
+44 (0) 7841 672831
Collins Stewart Europe : NOMAD to
Lonrho
Hugh Field / Simon Alston +44 (0) 20 75238350
NOTES TO EDITORS
About LONRHO:
Lonrho Plc is an expanding conglomerate that is rapidly growing a successful
business throughout Africa. The Company`s shares are traded on the London AIM
stock exchange (LONR). Lonrho is strategically focused on the development of
business opportunities in infrastructure, transportation, support services,
hotels and natural resources. The Company has over 19,000 shareholders and
substantial institutional backing to support its mandate to build a profitable
business that plays a fundamental role in the development of the African
economy.
Since 2006, the Company has invested in or acquired control of:
Hotel Cardoso - www.hotelcardoso.co.mz (retained)
Lonrho Mining - www.lonrhomining.com
Luba Freeport - www.lubafreeport.com
Fly540 - www.fly540.com
Swissta Holdings - www.swissta.com
SA Independent Liner Services - www.saliners.com
Bytes and Pieces www.bytespieces.com
Kwikbuild - www.e-kwikbuild.co.za
LonZim - www.lonzim.co.uk
South African sponsor to Lonrho Plc
Java Capital (Proprietary) Limited
Date: 19/05/2008 11:36:01 Produced by the JSE SENS Department.
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