Barloworld CEO Dominic Sewela says there isn't a "For Sale sign" at car rental and fleet operation Avis yet, but the business has had to cope with staff cuts and a downsizing of operations.

In an interview this week after the release of results for the year ended September 30, Sewela said while the group may consider reducing its interest in Avis or even its sale on a two- to three-year horizon, Barloworld's decision would be well considered as it was not hard-pressed to sell anything...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.