SOUTH Africa’s largest transport and logistics group, Unitrans, says its motor and financial services unit has bought a 40% stake in Southern African operation of Hertz Rent a Car for R4m. Unitrans Motors Managing Director Steve Keys said the deal marked the group’s first foray into the car rental industry. Hertz Southern Africa is a franchise of US-based Hertz Corp, and black empowerment group NAIL has a controlling stake in the franchise. – Reuters
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