BEE DEAL FOR MAC
In line with its undertaking to achieve black direct shareholding of at least 26% in 2007, MAC recently announced its successful conclusion of a Black Economic Empowerment (BEE) agreement with Professor Dr Ntshengedzeni Alfred Nevhutanda (PhD, DED). This will come into effect on 1 January 2008.
In line with its undertaking to achieve black direct shareholding of at
least 26% in 2007, MACTRANSCO recently announced its successful
conclusion of a Black Economic Empowerment (BEE) agreement with
Professor Dr Ntshengedzeni Alfred Nevhutanda (Phd, DED).
An entrepreneur, opinion leader and analyst of note in the socio-economic and business arenas, Prof Nevhutanda is best known for his public commentary on issues of public transport policy, good governance and economic development. Nevhutanda’s areas of competency include enterprise-turnaround strategies, business development, strategic planning, transport management, knowledge and national program/project management and macroeconomic policy analysis, amongst others.
Says Follie van Zyl, Group CEO responsible for establishing MAC in 1982: “Prof Nevhutanda is the quintessential entrepreneur. He is a holder of numerous academic qualifications and has extensive experience of the transport environment. He now acts as the chairperson of Operating License Boards in South Africa and serves on Minmec as an advisor to the national minister of transport and MECs with regard to freight logistics and public transport policies. The largest achievement credited to Prof Nevhutanda is the implementation of the Taxi Recapitalisation Project and the finalisation of the BEE Charter for Freight Transport.”
MAC (Messina Associated Carriers) is one of the largest providers of road transportation solutions for South Africa's coal mining industry. According to Van Zyl, MAC operates extensively in the Limpopo and Mpumalanga Provinces and moves in excess of 25 000 tons of coal per week over distances ranging from 100 to 600 km. MAC transported close on one million tons of coal during 2006.
Professor Nevhutanda is now an Executive Director of MAC TRANSCO and will oversee and manage all marketing and related activities. “In achieving the required BBBEE status,” says Van Zyl, “MAC is now geared to become the preeminent freight logistics company in South Africa by providing vital infrastructure, support and transport solutions to a growing economy, thus enabling both national and international connectivity.”
Issued by Puisano Business Development Group (Pty) Ltd
Dawid J Pieterse