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YES to success! Kia joins programme to give SA's youth chance at employment news24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news24.com Daily Mail and Mail on Sunday newspapers.
Motus Holdings, an automotive group, said yesterday that in line with its ongoing support of education and skills development, Motus would participate in the Youth Employment Service (Yes) initiative for the next 12 months and provide 355 youths with work experience. ....
MONEYWEB app instead? Local group buys out the remaining 40% of distributorship for R250m. 11:10 Open: Under more independent management now. Image: Supplied JSE-listed automotive group Motus has acquired the remaining 40% shareholding in Renault South Africa it did not own from Renault France in a transaction valued at R250 million. The Competition Tribunal last week unconditionally approved the transaction. INSIDERGOLD Subscribe for full access to all our share and unit trust data tools, our award-winning articles, and support quality journalism in the process. SIGN UP To view all features and options, click here. A monthly subscription is charged pro rata, based on the day of purchase. This is non-refundable and includes a R5 once-off sign-up fee. ....
Supplied South Africa s car industry has been battered by Covid-19 as cash-strapped consumers turned to used cars and demand for rentals declined, but Motus CEO Osman Arbee says cutting costs accordingly has led the group to new growth areas. Motus is South Africa s exclusive importer and distributor of the Mitsubishi, Kia and Hyundai vehicle brands, and also owns Auto Pedigree dealerships. It has also felt the impact of Covid-19 in its new vehicle and its Tempest Car Hire and Europcar rental brands. By December 2020, its retail market share had shrunk by 20.2% over six months. There’s more to this story ....
Motus drives earnings growth through tough motor markets By Edward West Share CAPE TOWN - MOTUS Holdings declared an interim dividend and bolstered its balance sheet in the six months to December 31 after its diversified offering buffered it against declining trading conditions in the economy, chief executive Osman Arbee said yesterday. Headline earnings a share increased 2 percent to 526 cents while an interim dividend of 160c was declared, versus no dividend declared at the same time last year. Debt to equity more than halved to 24 percent from 74 percent, this after free cash flow from operations shot up to R4.76 billion from R1.12bn. ....