Nautic Africa scoops a deal worth R347 million to build ferries for Ivory Coast

The boat-building sector seems to be doing well despite the discouraging news of the weakening rand.

Nautic Africa, a shipbuilding company based in Cape Town has signed a deal to build ferries for Ivory Coast, worth R347 million.

The company plans to deliver between 42 and 50 vessels by 2020.

Jacques Brummer, Chief Executive, Southern Power Products says this is going to be a unique custom project with new designs and mold.

Listen to the full conversation below:

We were quite fortunate being at the right place at the right time. The contract had actually been almost finalised with a French and Turkish builder, we came a little bit on the back foot.

Jacques Brummer, Chief Executive, Southern Power Products

The total contract requirement adds about 3300 jobs for different stages of building

Jacques Brummer, Chief Executive, Southern Power Products
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