It has been a long time coming, but in a matter of weeks Imperial Holdings’s automotive business, Motus, will list on the JSE. One of the motivations for Imperial Holdings unbundling and separately listing the automotive business on November 22 is to bring "strategic clarity" to the automotive and logistics business. This, they hope, will result in a better understanding of the two distinct businesses that at the moment make up Imperial Holdings. Imperial has made a compelling case for the unbundling. The group, which celebrates its 70th anniversary this year, had to break up the logistics and automotive businesses to give the two businesses clear strategic direction and improve operational synergies. Over the years, the company has grown from a single motor dealership in Johannesburg to a conglomerate that houses a vast portfolio of businesses. An evaluation conducted a few years ago revealed that some of the businesses in the group’s fold were noncore and others were underperformi...

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