Reducing dependency on a staling SA economy has become one of Super Group’s strategic priorities.Results of its efforts are impressive.Since December 2014, the company has made two sizeable offshore acquisitions, and it shot the lights out in its year to June. It lifted offshore operating profit 66% to R1.2bn — 60% of its R2bn operating profit.Super Group was an early starter in the move offshore through its long-held 51% stake in SG Fleet. A major player in Australia’s fleet management sector, SG Fleet remains the cornerstone of Super Group’s offshore interests.It did not disappoint in the latest year, upping its operating profit contribution to Super Group by 37% to R768m. Excluding the boost provided by the rand’s fall against the Australian dollar, SG Fleet, with the help of a A$200m (R2.2bn) domestic acquisition, lifted operating profit 27%.First of Super Group’s new offshore additions to come aboard was the UK’s number two independent Ford dealer network, Allen Ford, acquired ...
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