SOURCE: African Business Review

African Business Review

March 17, 2011 14:35 ET

Danie Baard, CFO of Safika Oosthuizens Transport, Discusses How They Became a Major Player in the Coal Mining Transport Industry With African Business Review

SAN DIEGO, CA--(Marketwire - March 17, 2011) - Safika Oosthuizens Transport was established in 1948 by Frik Oosthuizen, who had 'nothing more than a dream to improve his family's current standard of living, during the midst of the Depression.'

The company today is a far cry from the small transportation firm established in 1948; 90 percent of the company's focus is concentrated on coal and it transports between four and five million tonnes of coal per month between 12 depots in three African countries. 

In 2005 Safika Holdings Ltd -- a black empowerment group -- bought into the business and they have since increased their holding to 60 percent, thus the company is now a 'black owned' company. With their input and guidance, the company has become one of the major players and market leaders in the coal market in South Africa.

Achieving exponential growth in the last few years, the company has grown from strength to strength explains Danie Baard, Chief Financial Officer at Safika Oosthuizens Transport. "In the last few years Oosthuizens has grown from being a small player in the coal mining transport industry to the biggest private coal hauler in South Africa."

Read the full company report, here.

About Safika Oosthuizens Transport

Safika Oosthuizens Transport was established in 1948 by Frik Oosthuizen, who launched the business by transporting sand and stone in the Welkom and Bloemhof areas of South Africa for the construction of the Bloemhof dam, using just one Bedford truck and one Bussing truck. Eventually Oosthuizen diversified into the gold, coal, manganese and chrome markets, later specialising almost solely on mining coal.

About African Business Review

African Business Review is a leading digital media source of news and content for C-level executives focused on business and industry-specific news throughout Africa. African Business Review is the territory-dedicated arm of the White Digital Media Group. Founded in 2007 by entrepreneur Glen White, White Digital Media retains a diversified portfolio of websites, magazines, daily news feeds and weekly e-newsletters that leverage technology to innovatively deliver high-quality content, analytical data, and industry news. For more information, contact 1-760-827-7800 or visit http://www.africanbusinessreview.co.za/.

Contact Information

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    African Business Review
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