Super Group Limited - Super Groups Fleet Managemen
Super Group Limited - Super Group"s Fleet Management Company is the Preferred
Bidder For The Eastern Cape Provincial Government Fleet
Super Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1943/016107/06)
("Super Group")
(Share Code: SPG)
(ISIN number ZAE000011334)
Super Group"s Fleet Management Company is the Preferred Bidder For The Eastern
Cape Provincial Government Fleet
Fleet Africa Eastern Cape, a subsidiary of Super Group, has been selected as the
preferred bidder for the outsourcing of the Eastern Cape Provincial Government"s
("ECPG") entire fleet of 3,027 vehicles.
Warren Thompson, MD of Fleet Africa, commented "We are particularly proud to
have been selected as the preferred bidder, as all the major fleet management
companies were vying for this tender. It is the second largest outsource
contract to be awarded by Government after the City of Johannesburg contract
(6,000 vehicles) which we also won."
The 5-year contract, which will be negotiated over the next few weeks, will
ultimately divest the ECPG of the risks and responsibilities relating to owing
and maintaining their vehicle fleet. In terms of this, Fleet Africa Eastern Cape
will be responsible for the supply, maintenance, and overall management of all
vehicles leased by the ECPG.
25% of Fleet Africa Eastern Cape is owned by Kei Fleet Solutions, a private
empowerment company comprising a consortium of prominent local businesses.
Taking into account Peu Investment"s 30% stake in Fleet Africa, Fleet Africa
Eastern Cape has an effective black empowerment shareholding of 47.5%.
Larry Lipschitz, Executive Chairman of Super Group, said "The decision to
outsource the ECPG fleet will have significant downstream benefits for the
region and supports the government"s stance on fostering local economic
development and black empowerment. The partnership with Kei Fleet Solutions is
another example of Super Group"s commitment to creating appropriate empowerment
partnerships at every level within the organisation as well as the upliftment of
all South Africans."
Monday, May 12, 2003
Issued by sponsor:
Deutsche Securities (SA) (Proprietary) Limited
Date: 12/05/2003 09:35:00 AM Supplied by www.sharenet.co.za
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