- Business
- Combined Motor Holdings Limited Combined Motor Holdings Limited is a South Africa-based investment holding company primarily engaged in motor retail and distribution, car hire, financial services, and related corporate operations. The company operates 43 retail motor dealerships across Gauteng, KwaZulu-Natal, and Western Cape provinces, representing 29 brands including Volvo, Ford, Nissan, Suzuki, Honda, Jaguar, Land Rover, Citroën, Peugeot, Toyota, Renault, Proton, Foton, Mazda, Mitsubishi, Mahindra, and Iveco; these dealerships offer new and used passenger, light commercial, and heavy commercial vehicles, along with spare parts, workshop services, customer finance, and insurance products. Additional core offerings encompass car rental through First Car Rental with a fleet of 7,400 vehicles across 50 branches nationwide; vehicle distribution via Proton SA and Foton SA for passenger vehicles, light commercial vehicles, parts, and accessories; aftermarket parts distribution through Mandarin Parts Distributors with an in-house retail outlet and 28 independent franchisees; fleet solutions including leasing, maintenance, fuel management, accident management, driver management, and security; financial services comprising insurance underwriting for death, disability, warranties, and vehicle financing via joint ventures with major finance houses; and niche operations such as National Workshop Equipment for lubrication systems, workshop equipment, and waterless car wash systems. Founded in 1976 through the merger of retail motor dealerships and listed on the Johannesburg Stock Exchange in 1987, Combined Motor Holdings Limited employs 2,666 people and maintains its headquarters in Umhlanga, KwaZulu-Natal, with all activities confined to South Africa. Recent developments include the 2024 appointment as official distributor for Foton vehicles in southern Africa, establishing a network of 55 dealers (14 Group-owned, with five more planned); the 2022 appointment as distributor for Proton and EVA vehicles across multiple outlets; ongoing expansion of First Car Rental's agency presence aligned with FlySafair's regional growth to enhance international booking aggregator appeal; termination of the Sixt agency agreement; a proposed share repurchase offer for up to 15% of issued shares using surplus cash resources as of October 2025, with no separate December dividend planned; and maintenance of B-BBEE Level 4 overall (Level 2 for car hire and fleet divisions) through partnerships like Thebe Investment Corporation.