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Avis Southern Africa
Avis Rent a Car South Africa, better known as Avis, is a South African car rental company headquartered in Kempton Park, Gauteng, South Africa. Avis Rent a Car South Africa is part of the Avis Rent a Car System and the company operates as a subsidiary of Barloworld Limited since it was acquired in March 2005 and was delisted from Johannesburg Stock Exchange. The name ''Avis'', however, remained unaltered. History Avis was the brainchild of Warren Avis, who realised there was a need for people to be transported from airports to other destinations. With this insight in mind, Avis was born in December 1946 in Detroit at Willow Run Airport. Despite keen opposition, Avis managed to grow at the fastest rate of any major company during the 1960s. In 1967, Zeda Car Rental and Tours (Pty) Ltd was established in Bloemfontein. Shortly thereafter, Federale Volksbeleggings Bpk, a subsidiary of Sanlam, acquired a majority shareholding in the company. Later Federale went into a joint v ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |