The RACEC Group Limited provides rail engineering solutions in Africa through a number of companies and is listed on the Johannesburg Stock Exchange (AltX). Solethu Investments (Pty) Ltd, an empowerment investment group with specific expertise that complements RACEC’s own skill set has a 34% equity in the Group.
The Group is recognized as a significant black-empowered engineering company and intends to strengthen Broad based Black Economic Empowerment (BBBEE) credentials by maintaining and improving on a level 3 Grade during the coming year.
There were significant changes to RACEC’s business operations that resulted in the company returning to its core operations. In effect, the Group went from being a rail and electrical contractor, with an element of manufacturing, to becoming an exclusively rail contractor.
Key information on RACEC
The RACEC Group Strategy is to focus exclusively on RACEC core business: rail construction, rail electrification and maintenance contracting. We refocused our company structure to further build capacity to take advantage of our future growth opportunities in rail related activities. This additional capacity will be the key driver underpinning our future sustainable growth targets. It is our aim to tackle the key challenges through accelerated employee training, increased capacity and sourcing new funding.