Achievements and developments during 2016

  • The following acquisitions were concluded during the year under review:
    • IN tIME, Germany, with effect from 2 November 2015 – 75%
    • NLC, through SG Fleet in Australia, effective 30 November 2015 – 100%
  • Corporate actions included:
    • Raising R900 million to part fund the SG IN tIME acquisition through a Rights Offer on 12 October 2015
    • Raising R360 million to bolster the Group’s financial position, post the NLC acquisition by SG Fleet, through an Accelerated Bookbuild Offer on 10 December 2015
  • Dealerships SA announced the acquisition of nine Western Cape dealerships and a strategic property on 17 May 2016 – Competition Commission approval obtained in July 2016 and was effective 1 September 2016
  • SG Fleet announced the acquisition of Fleet Hire, a UK contract hire, salary sacrifice, short-term rental fleet management provider, effective August 2016
  • Peter Mountford was awarded the ACQ Global Awards South African Game Changer of the Year
  • Dealerships SA’s awards included:
    • Suzuki Boksburg winner of the Platinum Dealer Award (Top 6)
    • Land Rover East Rand being Land Rover Financial Services Dealer of the Year
    • Auto Baltic Rustenburg was Volvo Cars South Africa Aftersales Dealer of the Year
    • Rand Stadium Toyota and Land Rover Rustenburg were winners in the ABSA Golden Dealers of the Year award
  • Total employees at 30 June 2016 was 9 539 (2015: 8 579)
  • The South African operations spent 1.9% (2015: 1.9%) of profit after taxation on Economic Development in the financial year ended
    30 June 2016