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Road freight logistics solutions company DKN Transport will be able to expand its fleet size and create additional jobs thanks to an undisclosed, but sizeable investment from the Edge Growth managed Engen Convoy Fund.
The Engen Convoy Fund is an enterprise and supplier development fund to promote sustainable supply chain transformation.
“Traditional logistic companies are still critical enablers to achieving economic growth within the African and South African business eco-system,” explains 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 an exciting time to contribute to growing the broader logistic supply chain in South Africa and job creation over the long-term”.
“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.
Featured image supplied by DKN Transport