Express merger creates new entity

ALAN PEAT IN A merger agreement between Supaswift Express and Bidvest-owned My Express Company (licensee of Federal Express) the current shareholders of Supaswift are to hold a 64% interest and the Bidvest group the remaining 36% of the combined operations. In its merged form, Supaswift Express will operate as the licensee of Federal Express Corporation and will continue providing FedEx services in SA, Namibia, Botswana, Lesotho, Swaziland, Zimbabwe, Zambia, Malawi and Mozambique. Supaswift MD Micky West told FTW that the two businesses were a natural fit in infrastructure, matching FedEx’s international service with the strong domestic product developed by Supaswift - and supported by cutting edge technology. “The combined entity now has the ability to provide all our customers, both current and future, with a comprehensive basket of international and domestic express services,” he added. “Our combined entities will employ in excess of 800 people and 200 courier vehicles around sub-Saharan Africa.”