Automotive group Motus, which will list on the JSE on Thursday next week, is mulling “selective” acquisitions outside SA, says acting CEO Ockert Janse van Rensburg. The company, which has been unbundled from logistics and automotive conglomerate Imperial Holdings , generates 87% of its operating profit from SA and is considering further expansions to diversify its earnings. The company’s recent smaller acquisitions include the Hyundai dealership in Sandton and the Mercedes dealership in Rustenburg. Janse van Rensburg said Motus, the exclusive South African importer of Hyundai, Kia, Renault, Mitsubishi vehicles, would continue making smaller acquisitions in SA if opportunities arose. Larger and stand-alone acquisitions would be internationally focused and selective, he said. “We have recently bought additional businesses in the UK and Australia. That was really to extend our service offering there,” he said.

In 2017, the company acquired UK automotive dealer Pentagon Motor Hold...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now