June 6 - Paccon Logistics SA (Pty) has concluded negotiations to purchase the minority interest in the company that was held by Paccon Logistics Australia.

According to the former's managing director Andrew Wallace, the company now is 100 percent South African-owned.

In a press release, Paccon Logistics SA said that the move frees the company to pursue more local strategies.

"Since founding the company in late 2004, we have always had our own sense of identity and have focused on the heavy industrial and project logistics side of our industry," said Wallace.