Afrirent Holdings scales up operations, creating hundreds of jobs amid economic headwinds

Afrirent Holdings - Insights

Johannesburg, South Africa – June 2026 – When Statistics South Africa published its first-quarter labour force survey last month, the numbers made grim reading. The economy shed 345,000 jobs between January and March, pushing the national unemployment rate to 32.7%. Among South Africans aged 15 to 34, nearly half—45.8%—remain locked out of the economy.
Against this backdrop, and coinciding with National Youth Month—a period typically defined by sobering reflections on youth unemployment—Afrirent Holdings is bucking the macroeconomic trend by actively expanding its workforce.

Executive Appointment Announcement by Afrirent Holdings

Afrirent Holdings - Insights

frirent Holdings, one of South Africa’s leading and go-to fleet management, logistics and hospitality group, is excited to announce the appointment of Shadi Makhuvele as the company’s Group Chief Financial Officer, with effect from 1 February 2026.

Afrirent Acquires Busmark to Expand its Transport Portfolio

Afrirent Blog - Afrirent Holdings Acquires Busmark

Leading player in the South African logistics and fleet management sector, Afrirent Holdings, through its investment holding subsidiary, Afrirent Investment Proprietary Limited (“Afrirent”), is pleased to announce the  acquisition of Busmark 2000 Proprietary Limited (“Busmark”), subject to finalisation of remaining transaction suspensive conditions expected to be concluded in February 2026. . This follows an unconditional approval of the proposed transaction by the Competition Commission in January 2026.

E-DEED: A Blockchain-Powered Property Evaluation Certificate to Transform SA Townships and Villages

Afrirent Holdings Insights - E-Deed Launch

An online Solution Empowering Homeowners in Underserved Communities to Unlock Their Property’s True Value.
South Africans with properties in rural areas and townships will now be able to realise the value of their investments in improving their homes thanks to E-DEED, an innovative, digital solution that is designed to accurately assess and certify building values, giving homeowners a recognized and secure digital proof of ownership and investment.

Afrirent delivers new fleet to keep Jo’burg moving

In Johannesburg today, 20 December – Afrirent Holdings, a black-owned fleet management, logistics, energy, hospitality, gaming and leisure company – has, through its subsidiary Afrirent Fleet Management, delivered the latest tranche of fleet of vehicles for the Johannesburg Metro Police Department (JMPD) as part of its five-year fleet management contract with the City of Johannesburg.

Tsabedze Foundation Spreads Joy and Empowerment through Annual Christmas Drive

The Tsabedze Family Foundation, will be embarking on its annual Christmas drive in Mpumalanga, the hometown of Afrirent Holdings’ Chairman, Senzo Tsabedze and CEO Thenjiwe Tsabedze.
In the heart of Mpumalanga, a province plagued by poverty and inequality, the Tsabedze Family Foundation aims to empower individuals and communities in need.

Afrirent acquires a majority stake in High Street Auction

Afrirent acquires a majority stake in High Street Auction

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.

Nigeria, West Africa positioned to hold sizable gaming industry value – Expert

Afrirent Holdings - Insights

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).