Industrial conglomerate Bidvest, whose operations span cleaning services to property interests, is getting out of car rental, the latest company to exit the business as Covid-19 batters the outlook for SA’s tourism sector.

The group has a non-binding offer for Bidvest Car Rental, and is looking to sell to preserve as many of the 1,200 jobs as possible, CEO Lindsay Ralphs said on Monday...

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 articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

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