LABAT AFRICA LIMITED - Voluntary update on the logistics strategy
LAB 201608300054A
Voluntary update on the logistics strategy
LABAT AFRICA LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1986/001616/06)
(“Labat” or “the Company”)
ISIN Code: ZAE 000018354 Share code: LAB
VOLUNTARY UPDATE ON THE LOGISTICS STRATEGY
Labat is continuing with its strategy of building a major BEE Logistics group. To this
end, the Company is in discussions with various parties to secure logistics capacity
through small acquisitions, through joint ventures and sub contract agreements.
The market is very supportive of the creation of a black-owned logistics group and
indications are that substantial work is available to Labat.
Labat has now won its first logistics work and deployed its first vehicles for a large
mining company and the intention is to grow this contract and also secure other
customers.
JOHANNESBURG
30 August 2016
Sponsor
Arbor Capital Sponsors Proprietary Limited
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