Black-owned EC logistics company to receive multi-million rand boost

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The National Empowerment Fund is set to hand over a multi-million Rand investment to a 100 per cent black-owned logistics company in the Sarah Baartman Regional Municipality on Wednesday.

The fund will invest over 40 million rand in Milkway Transport, while the municipality will invest 350,000 rand to increase the company’s capacity.

The company was founded in 2016 by Eastern Cape locals Clayton and Leonie Damons, who have a passion for farming and their community.

Originally from Hankey, Clayton started his career as a farm laborer just outside Humansdorp; Born and raised in Thornhill, Leonie shares a deep connection with the local community.

NEF said in a statement that the investment will increase Milkway Transport’s fleet from 1 truck to 19 trucks, creating jobs and serving major customers such as Woodlands Dairy and Coca-Cola Beverages South Africa.

“The launch will celebrate the partnership between NEF, local councils and Milkway Transport as a beacon of opportunity, economic empowerment and transformation in the region. The event will also highlight the Government’s commitment to supporting the growth of black-owned businesses, women’s entrepreneurship and rural development,” the statement said. is taking.