Diversified vehicle company Zeda hit a bit of a speed bump on listing on Monday, dropping 7%. But the spinoff of the diversified vehicle rental and leasing operation will enable Barloworld, a global industrial processing, distribution and services company, to refocus on its core businesses: earth-moving equipment and consumer businesses.
In a statement issued before the listing, Ganda said: “The listing is a culmination of three years of hard work and dedication to unlock our mobility aspirations for Southern Africa. We foresee a future of usership, where our customers can rent a vehicle from us for a specified amount of time and a set cost. Customers have a vehicle when they need it and don’t when they don’t need it – thereby reducing the overall cost of ownership for the customer.
“Zeda knows how to ensure that a car generates a good return. All that a consumer needs is access to a vehicle. If we have not learned anything from Covid – paying insurance and maintenance on a vehicle [that you don’t drive], then I think we still have somewhere to go.” It also puts them in direct competition with the banks, whose customers think they own a vehicle, but at the end of the loan period – which can stretch into 96 months – they are faced with a residual balloon payment of up to 35%. So, do you really own the vehicle, she asks.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Are JSE food groups inviting, or indigestible?The JSE boasts a number of listed food groups, and would have had Premier too before its IPO was put on hold. So which stocks should you consider? Don't buy any JSE listed stock. All listed companies are BEE compliant. Buying local stock is only enriching the political elite that created state capture. BEE is legislation limiting economic activity of minorities
Source: FinancialMail - 🏆 20. / 63 Read more »
Are JSE food groups inviting, or indigestible?The JSE has listed food groups aplenty — even if Premier has iced its IPO for now. But the investor returns aren't nearly as meaty as they once were.
Source: FinancialMail - 🏆 20. / 63 Read more »
Are JSE food groups inviting, or indigestible?The JSE boasts a number of listed food groups, and would have had Premier too before its IPO was put on hold. So which stocks should you consider?
Source: FinancialMail - 🏆 20. / 63 Read more »