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Afrirent Holdings

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Afrirent Holdings
Company typePrivate
Afrirent Fleet (since 2003)
IndustryInvestment
Founded2017; 7 years ago (2017)
FounderSenzo Tsabedze
HeadquartersSouth Africa
Key people
Senzo Tsabedze, Thenjiwe Tsabedze
ServicesFleet management, logistics, hospitality
Number of employees
751

Afrirent Holdings is a South African investment company that was founded by Senzo Tsabedze.[1][2][3]

Background

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Afrirent Holdings was founded in 2017 as a holding company for Afrirent Fleet.[4][5] Afrirent Fleet formerly Indalo Fleet Solutions was founded in 2003 becoming the first black owned fleet management company in South Africa.[6] Afrirent Holdings has several other subsidiaries in logistics,[7] technology,[8] car rental[9] hospitality[10][11] and other complementary industries.

Member companies

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Companies that make up Afrirent Holdings include but are not limited to:

Afrirent Mobility

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  • Afrirent Fleet Management[12][5]
  • Afrirent Refurb
  • Afrirent Logistics
  • Sobantu Rent-to-Own[13][14][15]
  • Afritracker[16]
  • Afrirent Logistics

Afrirent Enviro

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Indalo Hotels and leisure

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  • Skukuza Golf Club[17][18][19]
  • Ba-phalaborwa Golf and Spa
  • Fountains Hotel

Afrirent Gaming International

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Afrirent Energy

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Afrirent Holdings was accused of using political influence[20] in procuring a R 1.2 billion contract with the City of Johannesburg for Afrirent Fleet Pty Ltd in 2018, according to a media report.[21][22] Following media allegations, the City of Johannesburg started a forensic inquiry to ascertain the veracity of the corruption claims.[23] The City of Johannesburg exonerated the company[24][25] after the investigation revealed that the allegations of corruption could not be supported.[26][27][28]

Corporate Social Investment

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Afrirent Holdings actively participates in Corporate Social Investment through several projects in collaboration with other organisations and in 2022 Afrirent Holdings in association with Global Roofing Solutions and the Hicks-Roche, Brown/Moyes and Gibson families funded a "Raise the Roof" roofing initiative with the Uplands Outreach programme.

References

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  1. ^ Writer, Guest (January 6, 2023). "Post-Apartheid Entrepreneurs". www.africa.com.
  2. ^ "How Afrirent delivered R1 Billion in contracts since 2018". January 5, 2023.
  3. ^ REPORTER, BG (March 15, 2023). "African fleet management companies can position themselves for success and growth". Guardian Sun.
  4. ^ Exclusive, Malawi (December 22, 2022). "Top fleet management companies in Africa".
  5. ^ a b "A look into Afrirent's CCBSA project | South African Business". www.southafricanbusiness.co.za. January 12, 2023.
  6. ^ "Afrirent Fleet, My African fleet company of the year". Pulse Ghana. December 24, 2021.
  7. ^ "Senzo Tsabedze talks about growth of fleet management sector in Africa - The Southern African Times". www.thesouthernafricantimes.com. March 11, 2023.
  8. ^ "Technology key to Afrirent efficiency". March 3, 2023.
  9. ^ "Afrirent Fleet Management Joins The Southern African Vehicle Rental And Leasing Association (SAVRALA)". September 18, 2021.
  10. ^ "Indalo Hotels buys aparthotel group". travelnews.co.za. May 17, 2021.
  11. ^ Khumalo, Kabelo (June 26, 2020). "Black-owned Afrirent makes a play for the hospitality industry". Sunday World.
  12. ^ "Afrirent Fleet Management Joins The Southern African Vehicle Rental And Leasing Association (SAVRALA)". www.263chat.com. March 17, 2023.
  13. ^ "Afrirent Holdings' Senzo Tsabedze talks about fleet management during Covid – DailyNews". dailynews.co.zw.
  14. ^ "Local brand awarded management contract for Stellenbosch property". Southern & East African Tourism Update. May 31, 2021.
  15. ^ Sell, George (January 6, 2022). "Van Rensburg appointed GM at WINK Aparthotels".
  16. ^ "Meet the business mogul, Senzo Tsabedze". May 8, 2023.
  17. ^ "Indalo Hotels & Leisure Management to run Cape Town's Fountains Hotel". November 4, 2021.
  18. ^ "Indalo wins management bid for new Rosebank aparthotel". Southern & East African Tourism Update. March 3, 2022.
  19. ^ "Indalo Breaks into Burgeoning Joburg Aparthotel Harket". www.luxuryxclusives.com. March 4, 2022. Retrieved July 27, 2024.
  20. ^ "Political point scoring blamed for fleet management mess". BusinessLIVE.
  21. ^ Reddy, Micah; Brümmer, Stefaans; Brümmer, Micah Reddy and Stefaans (November 29, 2018). "Firm that won R1bn Jo'burg fleet contract paid Malema-EFF 'slush-fund'".
  22. ^ Reddy, Micah. "New Joburg mayor could dig up dirt on Mashaba's fleet deal". News24.
  23. ^ "Herman Mashaba distances himself from Afrirent R1bn tender". Daily Sun.
  24. ^ "Forensic Investigation Dismisses Political Interference Claims in Afrirent Tender". joburg.org.za. June 26, 2019.
  25. ^ "City of Joburg finds no political interference in Afrirent fleet tender - NEWS & ANALYSIS | Politicsweb". www.politicsweb.co.za.
  26. ^ Reporter, Citizen (June 5, 2020). "Afrirent says it was exonerated by independent investigations, Treasury was misled". The Citizen.
  27. ^ Reddy, Micah (March 5, 2020). "AMABHUNGANE: New Joburg mayor could dig up dirt on Mashaba Afrirent fleet deal". Daily Maverick.
  28. ^ "Joburg's persistent financial woes catch up with its vehicle fleet". TimesLIVE.
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