According to Business Day the contract, awarded by the Department of Agriculture, Forestry and Fisheries is expected to accelerate broad-based participation in Cape Town's thriving marine industry. Sekunjalo says the contract will improve profitability and cash-flow for its subsidiary Sekunjalo Industrial.
Company chief executive Khalid Abdulla says it is the only black-owned company in Africa with the technical and engineering expertise to manage a contract of this size and complexity.
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