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The report on the fleet management sector covers the management of corporate and government fleets, with a focus on passenger cars. In this growing sector there are more than 40 fleet management companies with varying experience, business models and service levels. They include international providers, as well as local businesses and compete for contracts from national and local government as well as the corporate sector.
An Administrative Function
Fleet management is an administrative approach that allows companies to organise and coordinate their fleet of vehicles in order to improve efficiency, reduce costs and provide compliance with government regulations. The management of fleets is either undertaken by the company itself or an agreement is set up with a fleet management company to take over all or some of the risk. When all of the risk is taken over under full management leasing, control of a fleet occurs in four main areas: acquisition; operations; remarketing; and cost management.
The Fleet Management report discusses current conditions including the increasing importance of technology and the use of telematics to improve the overall service provided by companies in the sector. Corporate actions, opportunities for SMMEs and factors influencing the success of the sector are discussed. Profiles for 28 role players are provided. These include new entrants such as 58Fleet (Pty) Ltd, which was launched in 2017 following a partnership between Imperial group’s Motus Corporation and Southern Palace group. The company is 51% black-owned and offers full maintenance leases, managed maintenance, operating rentals, sale-and-leaseback and short-term rentals. Also profiled are other B-BBEE companies supported by some of the major players in the sector, including Africa Best Fleet Solutions and Mozi Fleet, supported by Fleet Africa, Vuswa Fleet Services supported by Avis Fleet, and Amasondo Fleet Services supported by Eqstra Fleet Management.