SOURCE: African Business Review

African Business Review

March 16, 2011 13:54 ET

Marcel Lamprecht, Managing Director of CIC Holdings, Provides a Complete Sales, Logistics and Distribution Solution in Namibia in African Business Review

SAN DIEGO, CA--(Marketwire - March 16, 2011) -  Managing Director Marcel Lamprecht tells African Business Review that he believes CIC Holdings manages risk so the customer does not have to.

Managing Director Marcel Lamprecht believes that CIC are able to provide a complete logistics service to its clients.

"Our unique selling point is we give our customers the full spectrum of service here," says Lamprecht. "We take the risk of purchasing a product and selling it on. The 36 principals we handle only have one debtor in Namibia which is CIC; this makes it easier for them to manage their risk."

CIC has been able to effectively manage risk by being listed on Johannesburg Stock Exchange's alternative market AltX, which is focused on small and medium sized high growth companies.

"The fact we are now a listed entity makes it easier to manage risk, especially for principals who are expanding into Africa," says Lamprecht.

Recently, CIC was bought by Imperial Logistics, who made a 100 percent shareholding offer in the business. Imperial is a global logistics and supply chain company specialising in transport and warehousing, consumer products, specialised freight, and integration services.

Read the full company report, here.

About CIC Holdings
CIC Holdings started as freight forwarding and clearing agents in 1946 in the south of Namibia. The original founders realised there was a large amount of goods being brought into the country and believed they could provide a service by representing these companies. Today, CIC operates within the fast moving consumer goods industry providing warehousing, sales, merchandising and distribution solutions.

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.

African Business Review is headquartered in Norwich, UK. For more information, contact 44 (0)1603 217516 or visit http://www.africanbusinessreview.co.za/.

Contact Information

  • Press Contact
    Melissa Rudd
    African Business Review
    Telephone: +44 (0)1603 217516
    Email: m.rudd@whitedm.com