Combined Motor Holdings Limited

Combined Motor Holdings Limited
Public
Traded as JSE: CMH
Headquarters Johannesburg, South Africa
Area served
 South Africa
Key people

Jebb McIntosh (CEO)
Mark Conway (Executive Directory
Stuart K Jackson(Financial Director)
Kerrianne Fonseca (Chief Audit Executive)

Bruce Barritt (Managing Director)
Services automobile sales, car insurance, car rental
Revenue R10,831,384,000 (FY 2014)[1]
Website www.cmh.co.za

About

Combined Motor Holdings Limited (CMH) is a South African-based investment holding company engaged primarily in distribution and franchising; motor retailers; car hire; financial and support services; and the marine and leisure sectors in South Africa.

Combined Motor Holdings Limited is a JSE-listed Public Retail Company.

CMH’s business units include Carshop, First Car Rental, CMH Finance, CMH Insurance, CMH Green, NWE Workshop Equipment, CMH Fleet Solutions, Bonerts, CMH Marine and Leisure. The company’s headquarters are located in Umhlanga, Durban, KwaZulu-Natal, South Africa.

History

Combined Motor Holdings was founded by Jebb McIntosh and Maldwyn Zimmerman in 1976. The company began as a Chevrolet and Datsun franchise motor dealership, based in KwaZulu-Natal.

In 1987 Combined Motor Holdings was listed on the Johannesburg Stock Exchange.

In 1999, Combined Motor Holdings acquired the franchise for the international vehicle rental groups National and Alamo and restructured the companies as National Alamo within Combined Motor Holdings. In 2008, CMH restructured its car rental business again, registering the subsidiary First Car Rental and also acquiring a service contract to operate the Germany-based, Sixt rent a car, in South Africa.

In 2006, Thebe Investment Corporation, a Black Economic Empowerment company based in South Africa, acquired a 15% stake in Combined Motor Holdings for R294 million, the equivalent of R93 per share.[2]

Company Structure

CMH has five primary areas of business, including:

Distribution and Franchising

Bonerts

Bonerts engages in automotive salvage management - recovery of accident damaged and stolen and recovered vehicles. Bonerts was founded in 1965 bought by Combined Motor Holdings Limited in March 2000.

NWE Workshop Equipment

NWE Workshop Equipment is a supplier of bulk lubrication management systems, workshop equipment and bulk oil management systems in South Africa. NWE Workshop Equipment is located in Pinetown, Durban, South Africa.

CMH Fleet Solutions

CMH Fleet Solutions is the fleet division of Combined Motor Holdings Limited. The company engages in fleet leasing, maintenance, fuel management, accident management, fleet administration, driver management and security.

Motor Dealerships

Combined Motor Holdings Limited is a licensed dealer for several automotive brands in South Africa, including:

Vehicle Hire

First Car Rental

First Car Rental is the car rental subsidiary of Combined Motor Holdings Limited. First Car Rental operates out of 49 branches in South Africa. First Car Rental is a SAVRALA member (South African Vehicle Rental and Leasing Association).[3] The company is listed as one of the Top 500 Best Managed Companies in South Africa.[4] First Car Rental is the winner of the 2012 and 2013 South African Service Awards.[5]

Financial Support Services

CMH Finance is the vehicle finances division of Combined Motor Holdings Limited.

Marine and Leisure

Marine and Leisure is a marine importer and distributor of marine and leisure products in South Africa. CMH Marine and Leisure is headquartered in Randburg, Gauteng, South Africa.

References

  1. ↑ "Combined Motor Holdings" (PDF). CMH Group. 2014. Retrieved 25 September 2014.
  2. ↑ "Combined Motor Holdings: The quiet over-achiever...". 15 April 2014. Retrieved 25 September 2014.
  3. ↑ "Savrala". 2014. Retrieved 25 September 2014.
  4. ↑ "Top 500 South Africa's best managed companies" (PDF). 14 March 2014. Retrieved 25 September 2014.
  5. ↑ "The South African Service Awards". 2011. Retrieved 25 September 2014.
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