Project 19: Smith Capital

NEF Projects

Sector: Engineering

Seeking export opportunities

Project Summary

The National Empowerment Fund invested in Isipho Capital Engineering to acquire a 100% interest in Smith Capital Equipment, a company that manufactures aerial platforms, commonly known as cherry pickers and used to reach elevated structures such as streetlights, as well as drilling rigs used in mining exploration and installation of pylons. Smith Capital was established in 1973 and is a household name in the aerial platform market through its own brand Superlift as well as its Hotline branded drilling rigs. The company also is also premium brands of aerial platforms and truck-mounted frames from leading multinational companies around the globe.

Core Business	manufactures aerial platforms, commonly known as cherry pickers and used to reach elevated structures such as streetlights, as well as drilling rigs used in mining exploration and installation of pylons
Project Location	Johannesburg
Invested Amount	ZAR41 million (USD 3.1 or Euro 2.6 million)
Jobs Creation	100 jobs supported