Gibela has a black ownership structure in place that ensures its compliance with South African empowerment legislation.
Alstom, an internationally recognised leader in rail engineering, has had a presence in South Africa for over 100 years. The Alstom group employs 93,000 people globally, and as Gibela's majority shareholder is ideally placed to share its expertise in suburban rail transport in the South African context, transferring skills and decades of technical knowledge to the local workforce.
Ubumbano Rail is a black-owned consortium with its Gibela shares temporarily ‘warehoused’ by the National Empowerment Fund (NEF). Ubumbano Rail is made up of a number of companies that are keen to enter the rail sector space as suppliers. The three commercial entities in Ubumbano Rail are Khipunyawo Rail, whose members have been active in the rail sector for over 10 years; the Elgin-Identity Rail Corporation, an entity whose members have, among other attributes, heavy fabrication capabilities and wheel refurbishment accreditation; and Community Rail, new entrants to the rail sector.
Other shareholders in Ubumbano Rail include the PRASA Employee Share Option Trust (ESOP), the Gibela ESOP and an education trust.
New Africa Rail (NAR) is a new and dynamic rail entrant created to drive the process of rebuilding Africa through rail. NAR is focused on infrastructure projects including rail, ports, signalling systems, rail logistics, energy-efficient technologies and rail real estate. NAR will ensure the participation by black South Africans in the Gibela project by driving maximum local procurement and will seek other investment opportunities in line with its business plan.
"We are determined to offer South Africa the best of our technology and expertise through Gibela, and we are convinced that our trains will establish a high standard of quality to serve passengers."
Yvan Eriau, Managing Director, Alstom Transport South Africa