DKN Transport secures funding funding to broaden providing

South Africa’s DKN Transport has secured funding funding from The Engen Convoy Fund. This private-owned firm meets the extent 1 B-BBEE standards and contains 30% black/feminine shareholding. The funding will go in direction of unlocking extra market alternatives.

DKN Transport is headquartered in Johannesburg since 2004 and gives highway freight logistics options throughout a number of industries throughout nationwide and cross-border into Africa. DKN has a observe report of confirmed resilience working in a aggressive market and setting backed by sturdy monetary efficiency, and a supportive and extremely succesful group.

Transport and logistic organizations have been laborious hit over the previous 18 months as a result of covid-19 pandemic and a decline in demand. By the funding, DKN will broaden its fleet measurement and market providing leading to job creation.

Hitesh Dullabh, an Funding Affiliate at Edge Development pointed that the funding will contribute to rising the broader logistic provide chain in South Africa and job creation over the long run.”  DKN Director Nevenka Naidoo stated the funding will “proceed to drive our customer-centric ethos” in flip “strengthening our key consumer partnerships.”

The Engen Convoy ESD Fund was established to advertise broad-based black financial empowerment (B-BBEE) in order to maximise socio-economic growth via the assist of sustainable provide chain transformation. The fund is managed by established Edge Development – a small enterprise growth specialist – that helps SMEs inside and outdoors Engen’s database by offering progress funding for each capital expenditure and enterprise growth.

The Engen Convoy Fund helps SMEs with a turnover of lower than R50 million inside and outdoors of their database. Entry to finance is offered for each capital and enterprise growth wants the place entities are at the very least 51% black-owned and/or black-female owned.

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