There was a time, it seemed, that Supergroup had taken up residence in the pages of the Tatler, so often did we report on them. Recently, not so much. Remiss of us: they’re having quite the time of it, snaffling up German logistics businesses here, acquiring Aussie vehicle-financing outfits there. The former: IN tIME, for R2.01bn, effective this month, the latter: NLC for R2.03bn, effective asap. The thinking is that Supergroup’s Australian division, which comprises just 7.7% of the total businesses, sells double the number of cars than the South African business, and if you can sell a bit of credit with your cars, well, why not, for goodness sake?
Comment: Yet another great South African business spreading its risk and finding new opportunities abroad.