The listing of the Motus vehicle group this week will seal a historic split from Imperial Holdings and may propel the company into a more aggressive international expansion. On the immediate radar are "selective acquisitions" in Australia, a market where many South African businesses have tried their luck and failed. The UK also holds further promise despite Britain's imminent exit from the EU, said Motus acting CEO Ockert Janse van Rensburg. Janse van Rensburg said the acquisition of a vehicle dealership in the UK midlands a year ago saw Motus make inroads into the passenger vehicle market in addition to its presence through sales of truck brands DAF, MAN and Mercedes-Benz. But Motus plans additional bolt-on "selective acquisitions to cover all the brands". "Despite what everyone says about Brexit, that market is still growing. It still has positive GDP growth." The International Monetary Fund (IMF) has forecast the UK's growth to slow to 1.4% this year from 1.7% in 2017. Growth is...
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