SUPER GROUP AWARDED FLEET CONTRACT IN THE EASTERN CAPE
Super Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1943/016107/06)
(Share code: SPG)
("Super Group")
(ISN number: ZAE000011334)
SUPER GROUP AWARDED FLEET CONTRACT IN THE EASTERN CAPE
FleetAfrica Eastern Cape, a subsidiary of Super Group"s FleetAfrica, has been
awarded the second largest fleet outsourcing contract to be awarded by
Government to date, the largest being the City of Johannesburg contract which
was also won by Super Group. In terms of the contract, FleetAfrica Eastern Cape
has purchased the entire Eastern Cape Provincial Government"s (ECPG) 3,000
vehicle fleet and will assume full responsibility for the supply, maintenance,
and overall management of all vehicles leased by the ECPG over the five-year
period. The contract, which commenced on 4 August 2003, is valued at R731
million.
25% of FleetAfrica 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 FleetAfrica, FleetAfrica
Eastern Cape has an effective black empowerment shareholding of 47.5%.
The award of the contract to FleetAfrica Eastern Cape will result in significant
benefits to the entire region. The fleet management services to be provided
should reduce the fleet related costs while improving its service delivery and
efficiency in the province. In addition to the expected operational
efficiencies, FleetAfrica Eastern Cape has also undertaken to foster both
general economic development and black economic empowerment in the province.
Both will be fostered by, amongst others, procuring goods and services from
black owned businesses located in the Eastern Cape and establishing a fully
fledged Eastern Cape based fleet management company.
6 October 2003, Johannesburg, South Africa.
Sponsor: Deutsche Securities (SA) (Pty) Limited
Date: 06/10/2003 08:00:03 AM Produced by the JSE SENS Department
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