19th May 2008 09:27
19 May 2008
LONRHO PLC
("Lonrho")
Lonrho establishes 'Lonrho Projects South Africa ( Pty ) Limited' to develop key projects
in South Africa
Lonrho Plc (AIM: LONR), the conglomerate with a structured portfolio of African investments, is pleased to announce that it has established a new company in South Africa to undertake detailed feasibility studies on several major projects within South Africa that Lonrho Plc is currently evaluating.
The new company, which operates from Johannesburg, is carrying out pre-development feasibility and design studies for strategic opportunities including:
an oil terminal and port infrastructure development
a banking project
development of a resort hotel
regional aviation and airport opportunities
The new company has appointed Mr Sipho Nyawo to the Board of Directors. Mr Nyawo has a long career in infrastructure based developments, having worked with the United Nations Centre for Regional Development , in Nagoya, Japan, the Port Authority in New York and New Jersey in the United States; latterly holding senior executive roles with the Port of Durban, Transnet , Southern Africa Infrastructure Consulting Group (SAICOG); and serving as Government Commissioner in the KwaZulu Natal Provincial Commission for Planning and Development.
David Lenigas, Lonrho's Executive Chairman commented:
"Lonrho is undertaking in depth feasibility studies for several major new initiatives in South Africa. As part of this process, we are keen to utilise local skills and expertise whenever possible. Lonrho Projects South Africa pty Limited brings local skills to the Board, and the potential for strategic BEE involvement in our proposed developments'
LONRHO ENQUIRIES
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Lonrho Plc |
+44 (0)20 7016 5105 |
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David Lenigas, Executive Chairman |
+44 (0)7881 825 378 |
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Geoffrey White, Chief Executive Officer |
+44 (0)7717 307 308 |
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Emma de Borchgrave, Executive Director |
+44 (0)7867 785 177 |
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Pelham PR |
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Charles Vivian |
+44 (0) 20 7743 6672 |
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+44 (0) 7977 297903 |
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James MacFarlane |
+44 (0) 20 7743 6375 |
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+44 (0) 7841 672831 |
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Collins Stewart Europe : NOMAD to Lonrho |
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Hugh Field / Simon Alston |
+44 (0) 20 7523 8350 |
NOTES TO EDITORS
About LONRHO:
Lonrho Plc is an expanding conglomerate that is rapidly growing a successful business throughout Africa. The Company's shares are traded on the London AIM stock exchange (LONR). Lonrho is strategically focused on the development of business opportunities in infrastructure, transportation, support services, hotels and natural resources. The Company has over 19,000 shareholders and substantial institutional backing to support its mandate to build a profitable business that plays a fundamental role in the development of the African economy.
Since 2006, the Company has invested in or acquired control of:
Hotel Cardoso - www.hotelcardoso.co.mz (retained)
Lonrho Mining - www.lonrhomining.com
Luba Freeport - www.lubafreeport.com
Fly540 - www.fly540.com
Swissta Holdings - www.swissta.com
SA Independent Liner Services - www.saliners.com
Bytes and Pieces www.bytespieces.com
Kwikbuild - www.e-kwikbuild.co.za
LonZim - www.lonzim.co.uk
Related Shares:
Lonrho