BEE rating to be put in place shortly KEVIN MAYHEW INTERNATIONAL AND independent cargo consolidator, CFR Freight, has announced major changes to its ownership, management and international network. At a recent client function the new board of directors was introduced with Uli Hatesohl as chairman, Martin Keck MD, Anthony Martindale financial director and Andre van Rensburg airfreight. The investment group Quadvest has taken a 25.1% stake in CFR Freight and will be represented at board level by Dr Pius Kasolo. A BEE-rating will be put in place in due course. CFR recently split away from the Confreight Group after 15 years of a successful partnership, according to Hatesohl. “It was a hard decision to make. However, with Confreight on one side and Shipco Transport USA and Saco Shipping Germany on the other, the networks started to overlap. “CFR has already co-operated with some of the Shipco/Saco-group companies and consequently the decision was made to accept the offer to become part of this very powerful international network with clear strategies for the future,” he said.
