Big Red Rigging aims big

2009-09-02 00:00

PIETERMARITZBURG-BASED Big Red Rigging, which recently acquired its own property in Mkondeni after renting premises in the area for several years, is on a multi-million-rand investment drive.

Owner Chris Rose told The Witness that there are plans to transform the Durban sales office into a full rigging and project logistics services branch, followed by similar facility establishments in Richards Bay and Johannesburg.

Rose said these expansion plans, which involve more crane truck capacity and a larger geographic operations footprint, will be completed in the next two years.

Big Red Rigging provides plant de-commissioning, mechanical dismantlement, removal, integrated heavy lift transportation, installation and project logistics for the relocation of machinery and equipment.

Privately held and financially independent of other rigging companies, Big Red Rigging is understood to be the largest full service business of its kind in Pietermaritzburg, focusing primarily on the Westmead-KZN Inland/Midlands-Harrismith axis.

The deals have been 100% financed by Business Partners, the national specialist financing company for small and medium enterprises.

Veroshen Naidoo, who heads up Business Partners’ Pietermaritzburg office, told The Witness that the company is now one of the major regional players in the machine moving and rigging field.

The infusion of expansion funding capital is intended to leverage Big Red Rigging’s existing dominant market share and presence in KZN, he explained.

Rose said the property was bought for R1,8 million.

The principle of this investment with Business Partners, he added, is to share the ownership of the property owning company according to the financial risk contribution made by the two investors.

Rose added that the 1 594-square-metre property was purpose-built for Big Red Rigging.

He said the expansion plans will necessitate the phased employment of more trained staff as the business evaluates additional commercial opportunities, scalability and growth prospects of a wider geographic spread in these new locations.

The company has experienced an impressive compound annual growth rate of 55% in turnover and total assets in the past five years.

Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions. publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Inside News24

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.