by Afrirent Holdings | December 20, 2024 | Afrirent Holdings Blog, Business, In The News, Press Releases
In Johannesburg today, 7 October 2024 – Afrirent Holdings, a 100% black-owned and managed mobility, energy, leisure & gaming group announced that it has acquired a 51% stake in High Street Auctions for an undisclosed amount as part of its diversification and expansion strategy.
Senzo Tsabendze, Executive Chairman of Afrirent Holdings said, “We are very excited about our investment into High Street Auctions. They are a quality business with a demonstrable track record of success, and we believe they will add immense value to our business and long-term value creation.
by Afrirent Holdings | December 20, 2024 | Afrirent Holdings Blog, In The News
Mr Senzo Tsabedze, Chief Executive Officer, Afrirent Holdings, an investment company, says the Nigerian and West African gaming industry comprising of lottery and betting is positioned to hold sizable value in the global entertainment ecosystem.
Tsabedze made the assertion on Wednesday in an interview with the News Agency of Nigeria (NAN).
by Afrirent Holdings | December 3, 2024 | Afrirent Holdings Blog, Business, In The News
As Cameroon’s lottery industry experiences significant growth and evolution, strategic entry points become crucial for businesses seeking to capitalise on this burgeoning market. Afrirent Holdings emerges as a strategic player poised to explore the landscape of the lottery industry in Cameroon.
The lottery market in Cameroon is undergoing a remarkable surge in growth, driven by evolving customer preferences, technological advancements, and a favourable economic landscape.
by Afrirent Holdings | May 19, 2024 | Afrirent Holdings Blog, In The News
The Minister of Finance’s recent announcement in his budget speech regarding the increase in the carbon fuel levy and the forthcoming proposal for the second phase of the carbon tax is poised to have profound implications for the fleet management industry. The hike in carbon fuel levies for petrol and diesel will inevitably escalate the operational costs of fleet management companies. With the surge in fuel prices, organisations will grapple with heightened expenses in fueling their fleets, potentially resulting in diminished profit margins unless counteracted by strategic cost-saving measures.
by Afrirent Holdings | May 19, 2024 | Afrirent Holdings Blog, In The News
Afrirent Mobility extends its full support to the Johannesburg Road Agency (JRA) in their commendable efforts to combat corruption.
The JRA, responsible for the maintenance and development of the road infrastructure in the city, has embarked on a rebranding initiative to strengthen its commitment to transparency, accountability, and ethical practices.
The unveiling of the rebranded JRA fleet took place on Friday, February 2, 2024, at the Asphalt Plant, in Booysens. With a strategic focus on improving fleet visibility achieved through the deployment of newly branded vehicles, the organisation aims to discourage officials from engaging in corrupt practices that could tarnish JRA’s reputation…
by Afrirent Holdings | May 19, 2024 | Afrirent Holdings Blog, In The News
Every year, South African police release statistics that paint a grim picture of the scourge of vehicle-related crimes facing our country.
The latest crime figures show that 60 vehicles are hijacked in South Africa daily, most of them business-owned vehicles.
Police and security companies are struggling to contain armed criminals committing Cash-in-Transit (CIT) heists, hijacking trucks and courier vehicles transporting valuable cargo, and stealing cargo-carrying vehicles. These crimes not only threaten the lives of drivers but also cause businesses to suffer significant financial losses.
