Motus upbeat it can weather pressure on SA’s vehicle sector
Profits fell by more than two-thirds as Covid-19 shuttered dealerships and weighed on car rentals
16 September 2020 - 08:30
Automotive dealership and car rental group Motus, which cut its car rental fleet and staff by almost half, is fit and lean to navigate one of SA’s deepest economic downturns, CEO Osman Arbee said on Wednesday.
Like many of its peers, Motus has been hit hard by a sharp drop in tourism and a fall in demand for new vehicles as the economy remained trapped in recession. ..
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