Kwane Capital, a wholly owned subsidiary of Ritam Holdings, has signed a distribution and localisation agreement with Italy’s CVS Ferrari S.p.A, an international supplier of port container handling equipment. It is estimated that the distribution and localisation agreement’s capex investment in Operation Phakisa will exceed R1 billion - with an initial market offtake of R3 billion in the first year – leading to significant job creation and skills investment in the ports and handling industry.

kwane1Colin Clegg, Regional Manager – CVS Ferrari and Mcebisi Mlonzi, Chairman and CEO of Ritam Holdings.

The agreement will see Kwane Capital distribute CVS Ferrari’s premier range of forklifts, empty container handlers and reach stackers. The company’s reach stackers can lift equipment exceeding 45 tons. Its forklift range has a lifting capacity of 48 tons. Kwane Capital will provide sales and after-market support to CVS Ferrari’s South African customer base.

In addition to the distribution, the agreement provides for the transfer of intellectual property and designs from Italy to South Africa. This is intended to enable significant product localisation, including the assembly of partially assembled or pre-fabricated parts as well as the local manufacture of specific equipment such as CVS Ferrari’s container straddle carrier. This will be done through the TFM Group, in which Kwane Capital holds a 63.7% stake. The TFM Group specialises in the manufacture, supply and support and import of specialist truck bodies.

kwane2A CVS Ferrari container straddle carrier which will be locally manufactured by Kwane Capital through the TFM Group.

“CVS Ferrari will, through our agreement with Kwane Capital, support the localisation of our product range in South Africa which also means we will be supplying specialist skills and training to support the programme. Also, with a dedicated distribution in South Africa we can significantly improve our after-sales support and services to our current and future customers,” says Colin Clegg, Regional Manager at CVS Ferrari.

“Our agreement with CVS Ferrari represents an important milestone in not only the ports and handling industry but our own business operations. Partnering with a global brand such as CVS Ferrari show tremendous faith in our ability to provide superior services to important customers such as Transnet as well our commitment to growing this crucial industry through job creation and skills investment. We look forward to mutually beneficial and fruitful relationship with CVS Ferrari,” says Mcebisi Mlonzi, Chairman and CEO of Ritam Holdings.


African Fusion

AfricanFusionAfrican Fusion, the official publication of the Southern African Institute of Welding (SAIW), aims to provide up-to-date insight into welding technology and the welding industry.

Capital Equipment News

Capital Equipment News is dedicated to the application of equipment and modes of transport that are used in the mining, construction, quarrying, and transport industries.

Construction World

ConstructionWorldConstruction World was first published in 1982 and has grown to become a leader in its field, offering a unique mix of editorial coverage to satisfy the diverse needs of its readers.

Electricity + Control

ElectricityandControlE + C publishes innovative, technical articles that provide solutions to engineering challenges in measurement, automation, control, and energy management.

Lighting in Design

LightingandDesignLighting in Design is a glossy, upmarket publication aimed at lighting professionals. It is the only B2B magazine in SA that is dedicated solely to the subject of lighting.

MechChem Africa

MechChemJanuary2017cover MechChem Africa supports African engineering and technical managers across the full spectrum of chemical and mechanical disciplines.

Modern Mining

ModernMiningEstablished in 2005, Modern Mining is one of SA's leading monthly mining magazines, noted for the quality and accuracy of its writing and the breadth of its coverage.

Modern Quarrying

ModernQuarryingModern Quarrying is firmly entrenched as a leading industry-specific magazine. It focuses on promoting the science and practice of quarrying and processing in southern Africa.

Sparks Electrical News

SparksElectricalNewsReadable and informative, Sparks Electrical News is the newspaper for those involved in installing and maintaining electrical supplies and equipment.