Senzo Tsabedze, the founder and executive chairman of Afrirent Holdings, is pushing his transport and logistics group deeper into South Africas industrial supply chain with a planned acquisition of Busmark 2000, a Randfontein based bus manufacturer that has been in business rescue for more than three years.
Afrirent said the deal, struck through its investment holding unit Afrirent Investment, is subject to outstanding suspensive conditions expected to be finalised in February 2026. The Competition Commission gave the transaction unconditional approval in January, clearing one of the key regulatory hurdles.
Busmark, a specialist builder of bus bodies for commuter, semi luxury and coach markets, entered business rescue in August 2021. Afrirent said it was the successful bidder to acquire 100 of the shares, a structure designed to allow Busmark to exit business rescue as a going concern rather than a business broken up for parts.
