Racec Group

Please download for details:

http://www.engineeringnews.co.za/article/racec-says-to-return-to-profitability-by-end-sept-2010-06-23

 •1.     INTRODUCTION

The board of directors of RACEC is pleased to announce that Solethu Investments (Proprietary) Limited (”Solethu Investments”) will acquire a 25% stake in RACEC. (more…)

RACEC Electrification has succeeded in having an R80 million provincial governement tender for street lighting, granted incorrectly to a rival bidder, reviewed and set aside. Western Cape High Court Acting Judge Stephen Koen directed the province’s Executive Council for Transport and Public Works to reconsider a tender it had amended, allowing Adenco Construction to win. The tender was issued in August 2008 for the supply and installation of street lighting on the truck road between the Koeberg and Old Oak interchanges in Cape Town. (more…)

RACEC’s core rail division has become the first South African company to utilise modern computerised track-measuring technology.
RACEC Rail’s main business is building, maintaining and upgrading railway track systems. In the year to end September 2008 the division increased turnover by more than 60% to R172million and doubled profits to R28million.
RACEC Rail executive director Winston Ollewagen says the company recently acquired three Czech Republic manufactured specialised measurement trolleys. The trolleys are being used to conduct a two year turnout
measurement contract for Transnet.
Ollewagen says these trooleys were also used to assess private sidings for RACEC Rail’s existing clients as part of a comprehensive maintenance evaluation process.

CBN February 2009

Since inception in 1956, the RACEC name has become synonymous with the platelaying
construction industry in South Africa and in 1977 RACEC Electrification (Pty) Ltd was
added to the RACEC Group as a result of a group desire to complement its main activity
in the rail track construction field with an electrical contracting operation.
(more…)