April 9th 2024.
Sipho and Fortunate Mdanda, the founders of Isipho Capital, have made history by becoming the proud new owners of South Africa's very first 100% black-owned Hino dealership. As reported by Times Live, this groundbreaking dealership is located in Pomona, Johannesburg and is majority owned by women, with a 65% stake.
The acquisition of the Hino Pomona dealership marks a significant milestone in South Africa's automotive scene. With its state-of-the-art facilities, including a top-of-the-line parts and service center capable of servicing modern trucks and trailers, this dealership is setting a new standard for customer service and support.
"We at Isipho Capital are truly honored and excited to now be part of the Hino family. We are eager to establish our dealership as one of the top performers in Hino South Africa's network of 67 dealerships," said Fortunate Mdanda, expressing her enthusiasm.
Echoing her sentiment, Anton Falck, vice president of Hino SA, highlighted the strategic location of the dealership in Gauteng. "Hino Pomona is a vital member of our network, situated in the fastest-growing logistics hub in Gauteng, along the R21 and in close proximity to OR Tambo International Airport. It is also within the Ekurhuleni manufacturing hub," he explained.
This acquisition aligns perfectly with Isipho Capital's broader business interests. The company boasts a diverse portfolio, including an 80% stake in Mr Coach, a renowned company specializing in ambulances, mobile clinics, hearses, buses, and other conversions. They also hold 100% ownership of Kholeka Engineering, a well-known manufacturer of truck bodies, trailers, people carriers, water tankers, and more.
This deal demonstrates Isipho Capital's unwavering commitment to promoting diversity and inclusivity in the business world. It also showcases their strategic vision for growth and expansion across various sectors.
As Isipho Capital forges into new territory with the Hino Pomona dealership, they are paving the way for future generations of Black entrepreneurs in South Africa's automotive industry. The Mdandas are poised to make a lasting impact, setting a new standard of success in the nation's business landscape. Their journey serves as an inspiration for all and showcases the endless possibilities that come with determination and hard work.
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