Rangel Logistics Solutions invests R125 million in SA’s warehouse to boost AfCFTA trade

RANGEL Logistics Solutions on Tuesday announced an additional investment of R125 million ($6.250 million) in a warehouse located near OR Tambo International Airport in Kempton Park.

- SIPHELELE DLUDLA

The Portugal-headquartered family-owned international logistics company that entered the South African market in 2020 said this investment reaffirms its commitment to help the Africa realise the potential of the African Continental Free Trade Area (AfCFTA) agreement.

Covering an area of 10 000 m2, the new warehouse will serve as a central hub for Rangel’s expanding Contract Logistics offering, as announced at the opening ceremony.

This also provides bonded storage, divided into an OS Bond Store (Operating Store) for goods storage up to 24 months and an SOS bond store specialising in SOS coverage for up to six months, as well as cross-docking services.

During their stay in the bonded warehouse, goods are exempt from duties and charges, payable only upon release for free circulation.

In addition to this investment, the logistics company will also open a new office in Walvis Bay, Namibia, to render services which augment its current presence in Zambia and Tanzania.