The Bidvest Group Limited has, subject to Exchange Control approval, acquired
100% control of Renfreight Circle (Proprietary) Limited, the largest Freight
Management and Logistics Company in South Africa.
By mutual agreement, EGL will continue to use Renfreight as its Agent in South
Africa for the next 3 (three) months after which time EGL will operate from its
own offices in South Africa. Renfreight has entered into an Agency Agreement
with Panalpina of Switzerland.
Ends
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