Barloworld’s car-rental business, which will be carved out and listed in Johannesburg next month, is expected to launch with a R4.5 billion valuation.
Barloworld Ltd.’s car-rental business, which will be carved out and listed in Johannesburg next month, will have a valuation of about 4.5 billion rand , the unit’s chief executive officer said.
Zeda CEO Ramasela Ganda, who gave the estimated valuation in a separate interview, said the company aimed to tap the growing needs of online retailers such as Naspers Ltd.’s Takealot. “This is where we see the market shift and further growth, with companies like Amazon coming, and Takealot already here, they need fleets to transport and deliver their goods — that is where we fit in.”
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