Medu III

Elite Truck Hire

Date of investment: January 2016

Shareholding
Medu II 27%
Medu III 68%
Management 5%
Medu Capital Board Representatives Ernest January
  Paul Moeketsi

Business description

Elite group operates in the transport and vehicle rental sectors with the following main businesses:

  • Elite Truck Hire is South Africa’s leading truck hire company providing short and long term truck hire including full maintenance leasing services.
  • Elite Line Haul provides a heavy, long haul distance transport service linking centres throughout South Africa as well as destinations in Zimbabwe, Zambia and Mozambique.
  • Elite Forklift Rentals offers a comprehensive range of forklift trucks on full maintenance leasing and short term rentals.