Company name and background:
Ensign Logistics is a KZN-based logistics company looking to relocate to the Maluti-a-Phofung Special Economic Zone from its current base of operations. This business will work with the VKB Group in transporting agro-processing goods as well as shipping containers.
- Country of origin: RSA
- Provincial location: Harrismith, Free State
- Economic sector: Property development and logistics
The investor intends to develop an inland Agri-hub facility. The investor will be partnering with the VKB Group in order to create silos for local farmers. This business will also see local grain being moved in and around the Free State. The investor will also bring grain from KwaZulu-Natal to the Free State province for resale, storage and processing.
Sources of funding:
- Private and public funding available.
Additional funding of R2-million for the upgrading of the electrical requirements of the investor and minor repair works to the existing facility to be taken up by the investor at the Maluti-a-Phofung Special Economic Zone.
- Preferential 15% Corporate Tax
- Building Allowance
- Employment Incentive
- 12I Tax Allowance
Number of jobs to be created (direct and indirect): 80
The project will employ previously disadvantaged persons; some of whom will be women, youth and people with disabilities.
The project will commence immediately following agreement of freight rail rates between Transnet and Ensign Logistics, and with approval of the lease agreement.
Transnet is conducting viability options for the logistics partner (Ensign). The project will commence once Transnet has confirmed viability of the project for freight logistics.
- Rail permit required.
Unblocking issues needed to be resolved:
An additional R2-million is required for the upgrade of the existing facility and electrical infrastructure.
- VKB Group and Ensign Logistics