Rangel invests €6m in South Africa to boost African growth

Rangel invests €6m in South Africa to boost African growth

Portugal headquartered Rangel is expanding its African footprint.

Rangel, a family-owned international logistics company has reaffirmed its commitment to helping Africa realise the potential of the African Continental Free Trade Area (AfCFTA) agreement through the additional investment of €6 million (R125.6 million) in a warehouse in South Africa.

According to Tiago Pocinho, Rangel’s Country Manager, the company will also open a new office in Nakop, on the Namibian border, which will augment its current presence in Zambia and Tanzania.

Since entering South Africa in 2020, Rangel’s primary focus has been on transportation and cross-border logistics as it sought to establish a presence at key border points. Having succeeded in this aim, the company is now strengthening its footprint in the logistics sector.

Leveraging AfCFTA and strengthening regional trade links

According to CEO Nuno Rangel the warehouse enhances Rangel’s South Africa’s logistical capabilities while facilitating trade between neighbouring markets such as Mozambique, Zambia, Angola, the Democratic Republic of Congo (DRC), Tanzania, Botswana, Zimbabwe, and Namibia.

“Today, we are becoming a benchmark in transport for the mining sector in the main logistics corridors of the SADC region, from the DRC to the main ports – Durban, Beira, Walvis Bay and Dar es Salaam – carrying out highly demanding and complex operations, especially in the transport of copper (cathods, concentrate, blyster) cobalt hidroxyde and zinc,” says Rangel.

Since 2020, Rangel has opened four offices on the main South African borders and expanded its presence to Zambia (2021) and Tanzania (2022), bringing the total investment in the three countries to €7-million. In total, the international operation represents around 20% of the company’s turnover, with South Africa accounting for 8% of that volume.

Rangel says they want to help connect the Southern African Development Community to Europe and facilitate trade among African countries.

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Rangel invests €6m in South Africa to boost African growth