BARLOWORLD TO LIST CAR RENTAL BUSINESS

Barloworld will spin off and separately list its car rental and leasing business, marking the final step in a five-year journey during which the industrial company trimmed down its sprawling portfolio to focus on core earth-moving equipment, as well as food procurement businesses. Barloworld said Zeda will list separately in December, subject to regulatory approvals, wrapping up the portfolio reorganisation that began in 2017 when Dominic Sewela took over as CEO.