Amasondo, a leader among South Africa’s black empowered fleet management companies, is Eqstra Fleet Management’s (EFM) empowerment entity and forms an integral part of the Eqstra group of companies.
In order to better meet the fleet management requirements of entities falling under the auspices of the Public Finances Management Act (PFMA), EFM felt it prudent to create a black-owned division that would satisfy the more stringent BEE requirements of this sector.
Additionally, it was also noted that there was a clear need for an empowered, sustainable fleet management company that would operate well beyond the lifespan of just a single contract.
To this end, EFM established Amasondo in 2003 with a 51% BEE shareholding and the company now boasts a number of key PFMA fleet management outsource contracts. As a fully standalone entity, with its own asset base, funding lines and management team, Amasondo heralds the Eqstra Group’s vision to continue with its strategy to truly drive Black Economic Empowerment in a sustainable manner.
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