Mozambique: South Africa-assembled cars exported via Maputo

5 September 2008

Johannesburg, South Africa, 5 Sept – A South African company that plans to assemble cars will export the vehicles via the port fo Maputo, as of October, said Dave Rennie, of the sea shipping division of South African group Grindrod.

Rennie said that in an initial phase 50 to 60,000 vehicles would be processed per year, and that in the long term that amount could increase to 250,000 vehicle each year.

“It all depends on demand,” he said adding that tests already carried out shoed that the system would work, especially as the Grindrod group recently finished the first phase of the car terminal at the port of Maputo.

The group has a 25 percent stake in the consortium that manages the port of Maputo, with another 25 percent in the hands of Dubai Port World and the remaining 50 percent owned by the Mozambican state.

Rennie said that investment in the car terminal would be US$30 million once it had been concluded and added that the group would, in the short term , invest US$50 million in the Matola coal terminal.

This terminal will be expanded to a capacity of 6 million tonnes of coal per year and mining company, Coal of Africa Limited (CoAL) last August signed a deal with Grindrod to export 1 million tonnes of coal per year via the terminal.

The group’s chief executive, Alan Olivier, said it was likely that the port of Maputo would process 8 million tonnes of good this year, as compared to 6 million last year and 2 million tonnes per year when Grindrod became involved in the port’s operations. (macauhub)