Gibela’s ownership structure complies with South Africa’s black economic empowerment legislation.
French-based majority shareholder Alstom is a world leader in integrated transport systems, active in more than 60 countries and employing 36 300 people. With a presence in South Africa for more than a century, it is well placed to power technology and skills transfer to Gibela.
Ubumbano Rail is a black-owned consortium comprising three commercial entities – Khipunyawo Rail; the Elgin-Identity Rail Corporation; and Community Rail – the PRASA Employee Share Option Trust (ESOP) and the Gibela ESOP and an education trust.
Khipunyawo has been active in the rail sector for more than a decade, Elgin-Identity Rail Corporation has heavy fabrication capabilities and wheel refurbishment accreditation, while Community Rail is a new entrant to the rail sector.
New Africa Rail (NAR) is focused on infrastructure projects in rail, rail real estate, signaling systems, rail logistics, ports and energy-efficient technologies spaces.