Isipho Capital First 100% Black-Owned Hino Dealership In South Africa

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 house owners of South Africa’s first 100% black-owned Hino dealership, in response to Occasions Reside. Situated in Pomona, Johannesburg, this dealership can be 65% woman-owned.

The acquisition of the Hino Pomona dealership marks a big milestone in South Africa’s automotive panorama. Outfitted with state-of-the-art services, together with a complete components and repair middle able to servicing fashionable vehicles and trailers, the dealership units a brand new customary in customer support and help.

“We at Isipho Capital are really honored and excited that we’re members of the Hino household and stay 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 various 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, individuals carriers, water tankers, and extra.

This deal displays Isipho Capital’s dedication to fostering range and inclusivity within the enterprise panorama and underscores its strategic imaginative and prescient for progress and enlargement throughout numerous 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 a long-lasting influence, setting a brand new customary of success within the nation’s enterprise panorama.