by Rafael Pena
April 9, 2024
Isipho Capital founders Sipho and Lucky Mdanda have stepped into historical past with South Africa’s first 100% Black-owned Hino dealership.
Isipho Capital founders Sipho and Lucky Mdanda have stepped into historical past as the brand new homeowners of South Africa’s first 100% black-owned Hino dealership, based on Occasions Dwell. Situated in Pomona, Johannesburg, this dealership can be 65% woman-owned.
The acquisition of the Hino Pomona dealership marks a major milestone in South Africa’s automotive panorama. Geared up with state-of-the-art amenities, together with a complete elements and repair heart able to servicing fashionable vehicles and trailers, the dealership units a brand new customary in customer support and assist.
“We at Isipho Capital are really honored and excited that we’re members of the Hino household and sit up for positioning our dealership as one of many star performers in Hino South Africa’s countrywide community of 67 dealerships,” Lucky Mdanda mentioned.
Anton Falck, vice chairman of Hino SA, echoed the sentiment, emphasizing the significance of the dealership’s location in Gauteng. “Hino Pomona is a vital member of our community, situated within the fastest-growing logistics hub in Gauteng, alongside the R21, in proximity to OR Tambo Worldwide Airport, in addition to being throughout the Ekurhuleni manufacturing hub,” Falck mentioned.
The acquisition aligns with Isipho Capital’s broader enterprise pursuits. The corporate’s numerous portfolio contains an 80% stake in Mr Coach, specializing in ambulances, cellular clinics, hearses, buses, and different conversions, in addition to 100% possession of Kholeka Engineering, famend for manufacturing truck our bodies, trailers, folks carriers, water tankers, and extra.
This deal displays Isipho Capital’s dedication to fostering variety and inclusivity within the enterprise panorama and underscores its strategic imaginative and prescient for development and growth throughout varied sectors.
As Isipho Capital ventures into uncharted territory with the Hino Pomona dealership, it paves the way in which for future generations of Black entrepreneurs in South Africa’s automotive business. The Mdandas are poised to make an enduring affect, setting a brand new customary of success within the nation’s enterprise panorama.
