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Fleet Management in South Africa
BY Louise Mitchell
South Africa
21 July 2020
R 14 400.00 (ZAR)  
estimated $ 867.79 (USD) *
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Fleet Management


In the fleet management industry, privately owned, JSE-listed players and the fleet management divisions of the major commercial banks compete for market share in a market where the major customer segments – car rentals, government, companies and couriers – have been severely affected by the coronavirus lockdown and weak economic growth. These factors may lead to a reduction in fleets.


Challenging Environment


The operating environment in the past two years was characterised by low consumer confidence, declining vehicle sales and a lengthening vehicle replacement cycle. Role players expect slow growth in future, driven by a decrease in demand as outsourcing to individuals by e-commerce traders and ride-hailing companies persists. Since June 2020 when the lockdown rules were relaxed and e-commerce resumed, the demand for courier services increased to the extent that there was a shortage of delivery vehicles, but not all couriers have their own fleets.


State-owned Fleet Management


Government is involved in the industry through the Gauteng Department of Roads and Transport’s vehicle leasing and fleet management services business trading as G-Fleet Management, with over 420,000 vehicles in 2019, and Government Motor Transport Western Cape, that provides fleet management services to provincial and national government departments and had a fleet of almost 6,000 vehicles in 2019.


Report Coverage


This report on Fleet Management includes information on the size and state of the sector and major influencing factors including the effects of coronavirus, economic factors and corporate actions and developments. There are comprehensive profiles of 34 companies including players in the banking sector such as Absa Vehicle Management Solutions, Bidvest Bank and First National Bank’s FNB Fleet Services, privately-owned and JSE-listed players including Eqstra (enX) and Fleet Africa (Super Group), Motus Corporation, Dikala Group and telematics players such as Cartrack, MiX Telematics, Ctrack and Netstar.


Page
1. INTRODUCTION 1
2. DESCRIPTION OF THE INDUSTRY 1
2.1. Industry Value Chain 4
2.2. Geographic Position 5
3. SIZE OF THE INDUSTRY 5
4. STATE OF THE INDUSTRY 7
4.1. Local 7
4.1.1. Corporate Actions 8
4.1.2. Regulations 8
4.1.3. Enterprise Development and Social Economic Development 9
4.2. Continental 10
4.3. International 11
5. INFLUENCING FACTORS 14
5.1. Economic Environment 14
5.2. Rising Operating Costs 14
5.3. Technology, Research & Development (R&D) and Innovation 15
5.4. Labour 16
5.5. Cyclicality 17
5.6. Environmental Concerns 18
5.7. Crime and Road Safety 20
6. COMPETITION 21
6.1. Barriers to Entry 22
7. SWOT ANALYSIS 23
8. OUTLOOK 23
9. INDUSTRY ASSOCIATIONS 24
10. REFERENCES 25
10.1. Publications 25
10.2. Websites 25
APPENDIX 1 27
Summary of Notable Players 27
COMPANY PROFILES 37
58FLEET (PTY) LTD 37
ABSA VEHICLE MANAGEMENT SOLUTIONS (PTY) LTD 39
AFRIRENT (PTY) LTD 41
AMASONDO FLEET SERVICES (PTY) LTD 43
ARIVA RENTALS (PTY) LTD 45
BIDVEST BANK LTD 47
CARRUS INFORMATION TECHNOLOGY (PTY) LTD 52
CARTRACK HOLDINGS LTD 54
CTRACK HOLDINGS (PTY) LTD 57
DIKALA GROUP (PTY) LTD 59
ENX CORPORATION LTD 61
FIRST NATIONAL BANK (DIVISION OF FIRSTRAND BANK LTD) 63
FLEET HORIZON SOLUTIONS (PTY) LTD 65
FML (DIVISION OF ISIPHO CAPITAL HOLDINGS (PTY) LTD) 66
G-FLEET MANAGEMENT (DIVISION OF GAUTENG DEPARTMENT OF ROADS AND TRANSPORT) 68
KHULA FLEET MANAGEMENT (PTY) LTD 70
KWELAA FLEET MANAGEMENT CC 71
LIQUIDCAPITAL (PTY) LTD 73
MERCHANT WEST (PTY) LTD 75
MIX TELEMATICS AFRICA (PTY) LTD 77
MOIPONE GROUP FLEET (PTY) LTD 79
MOTUS HOLDINGS LTD 80
NEDFLEET (DIVISION OF NEDBANK LTD) 84
NETSTAR (PTY) LTD 85
PACE CAR RENTAL (PTY) LTD 88
STANNIC FLEET MANAGEMENT (DIVISION OF STANDARD BANK GROUP LTD) 89
SUPER GROUP AFRICA (PTY) LTD 91
TALIS FLEET (PTY) LTD 93
TRACKER TECHNOLOGY AFRICA AND MIDDLE EAST (PTY) LTD 95
VINCEMUS INVESTMENTS (PTY) LTD 96
VOLKSWAGEN FINANCIAL SERVICES SOUTH AFRICA (PTY) LTD 101
VUSWA FLEET SERVICES (PTY) LTD 103
WESBANK (DIVISION OF FIRSTRAND BANK LTD) 105
ZEDA CAR LEASING (PTY) LTD 107