Edge Growth backs South African transport company
South African company DKN Transport has secured funding from The Engen Convoy Fund, which is managed by Edge Growth.
Headquartered in Johannesburg since 2004, DKN Transport provides road freight logistics solutions across various industries, nationally and cross-border into Africa.
“Traditional logistic companies are still critical enablers to achieving economic growth within the African and South African business eco-system,” comments Hitesh Dullabh, investment associate at Edge Growth. “Given the economic impact of Covid as well as the disruption caused by recent events in the country, this investment comes at a great time to contribute to growing the broader logistic supply chain in South Africa and job creation over the long-term.”
Through this funding, DKN will be able to expand their fleet size and market offering, with additional job creation as a result.
“We are really pleased about this investment into DKN Transport, which has come at an opportune time, given the tough economic environment we find ourselves currently operating within,” says DKN director, Nevenka Naidoo. “This funding will allow us to continue to drive our customer centric ethos thereby strengthening our key client partnerships, as well as support us in being a prolific employer,” she says.
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