Centurion, Fourways, Sandton, Observatory, Woodstock, Rosebank, and Bryanston show the most convincing income profiles because they combine strong rents with purchase prices that still leave room for net return.
Sunlyn, one of the major investments within the Sasfin stable, has entered into a transaction to acquire Capitec Rental Finance.
This brings together two established businesses in South Africa's equipment and rental finance sector. The transaction remains subject to the requisite regulatory approvals.
This is an exciting opportunity for Sunlyn and an important step in the company's growth journey, says Linda Fröhlich, the CEO of Sunlyn.
“Capitec Rental Finance has built a respected business with a strong reputation, an established client base and experienced teams. We believe the combination of our businesses will enhance our ability to serve clients, suppliers and business partners across South Africa while continuing to deliver the personalised service and tailored solutions for which both businesses are known."
