Announcement, Southern Power Company, Cape Town

10th March 2023

Southern Power (PTY) LTD are pleased to announce the conclusion of the full 100% acquisition from the  Paramount Maritime Holdings (Pty) Ltd group.

The new shareholders include the current CEO who has led the growth of the business since 2015, Jacques Brummer. Jacques Brummer has joined forces with two new investor entities from the marine industry who will both greatly contribute to the growth of the business.

Southern Power will continue  driving the company’s vision to be the leading supplier and service agents for quality Marine and associated power brands.  The company remains faithfully committed to its existing customer base and looks forward to ensuring continuity and growing the community in the years to come.

Jacques Brummer is confident that the new shareholders and associated investment will provide the stability and agility to enable growth in the vital areas and assist the loyal team at Southern Power to ensure sustainable success.

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