And hands over R30 million worth of equipment to the Raymond Mhlaba Local Municipality
“Kwane Capital is proud to handover construction plant and equipment to the Raymond Mhlaba Local Municipality, showing Kwane’s continued commitment to the economic and social development of South Africa’s rural areas,” said Kwane Capital’s CEO and Chairman, Mcebisi Mlonzi.
The lease-to-own contract between Raymond Mhlaba Municipality and Kwane Capital came in existence in 2014, and has now come to the end of its term.
Kwane Capital has had years of experience and expertise in the field of “yellow metal” equipment. Kwane has previously handed over equipment of a similar value to the Port St. Johns Municipality.
Throughout the contract term Kwane maintained a good working relationship with the infrastructure department of Raymond Mhlaba Local Municipality.
Raymond Mhlaba Local Municipality received a clean audit report for 2017, showing their commitment to, and compliance with legislation. With Kwane managing the maintenance of the equipment, it too complied with the contractual terms and made sure it was up and running, ensuring service delivery to the community.
Mr Mlonzi added “The plant and equipment Kwane is handing over to the Raymond Mhlaba Local Municipality today includes a range of Caterpillar brand equipment, including a 428F Backhoe Loader, a D6R Dozer, a 140K Grader and a 320D Excavator, plus 2 MAN trucks – a tipper and a water tanker and a Martin Grid Roller, all of which are used in road construction and rehabilitation”.
Turning to the waste management vehicles, Mr Mlonzi said “I take pride in being able to transfer ownership of an Isuzu FX2 Waste Compactor Truck and an Agrico 160i Tow Tractor. All of the plant, equipment and vehicles are key to service delivery and development of the Raymond Mhlaba Local Municipality”.
Raymond Mhlaba is a Category B municipality situated in the Winterland of the Eastern Cape, under the jurisdiction of the Amathole District.
It is the largest municipality of the six in the districts, covering 6,358 km2, making up a third of its geographical area. Raymond Mhlaba was established by the amalgamation of the Nkonkobe and Nxuba Local Municipalities in August 2016.
It is a countryside municipality that includes the imposing and majestic mountain range of the Winterberg (IiNtabazeNkonkobe). A rural hinterland forms part of the municipal area, which supports a range of farming activities and plays a major role in the economic activity of the area.
The municipality has a population of over 150 000 (Census 2011) and includes the towns of Fort Beaufort, Adelaide, Alice, Balfour, Bedford, Healdtown, Hogsback, Katberg, Middledrift and Seymour. Because it covers so much ground, there’s a dire need for construction plant and equipment for road construction and rehabilitation, and waste vehicles for effective rubbish removal.
The certificates of registration for the plant and equipment was formally handed over to Raymond Mhlaba Local Municipality on Friday 2nd March 2018 in the presence of the council.