RentWorks Sets Up Shop, Acquires Business in Namibia

RentWorks Sets Up Shop, Acquires Business in Namibia

Now that South Africa-based asset rental firm RentWorks has acquired Namibia’s Corporate Equipment Rentals, the company has lunged into an expansion which will afford more businessmen and women the opportunity to use technology and corporate equipment on the go, Business Day Live reported.

RentWorks — owned by the FirstRand Group — offers asset rentals ranging from tech equipment such as laptops, desktops and tablets to rented insurance and disposal of mining and construction materials. Medical, business technology and golf & leisure rentals are also asset classes RentWorks supports.

Market growth and opportunity in construction and mining — in addition to ICT — make Namibia an ideal expansion location according to RentWorks director Jacques de Klerk.

“It presents an exciting growth opportunity, and we are thrilled to be taking the RentWorks brand into new territories,” he said in the report.

Albert Pretorius, head of RentWorks operations in Windhoek, Namibia noted that all of the asset classes will be made available in Namibia as well.

“We believe there is definite growth potential for us in the ICT space, building on RentWorks’ expertise in IT financing while we continue to service our traditional office automation channels,” he said.

Last month, via a company release, RentWorks made the announcement of their official Namibia launch. According to the statement, for the first time Namibia will have the option of investing in residual value “asset rental financing solutions.”

“The launch of RentWorks Namibia will assist us to continue to meet shifting market demands, and to extend our superior personal service offering to our clients to offer them advanced financing solutions that will improve their businesses,” Pretorius said in the release.

RentWorks will continue to service Corporate Equipment Rentals clients while building and broadening a new RentWorks client base.