Barloworld looks to the future as a privately held company
South African holding company Barloworld has been successfully acquired by the Entsha-led consortium and subsequently delisted from the JSE and A2X, marking a new phase in the group’s evolution as a privately held, South African-led industrial business.
The consortium is majority owned (51%) by Entsha, a 100% black-owned South African investment company associated with the Sewela family, with Zahid Group holding a 49% minority interest as a long-term financial partner.
The transaction is operator-led and anchored by Dominic Sewela, whose leadership journey within Barloworld spans nearly two decades.
He was appointed CEO of Equipment South Africa in 2007, advanced to COO in 2011, and became CEO of Barloworld Equipment Southern Africa in 2012.
He later served as Deputy Group CE from February 2016 before being appointed Group CE in February 2017.
“What this transaction does is bring together experienced executive leadership and patient capital that understands the business,” Sewela avers.
“Operating in the unlisted space gives us the strategic agility to focus on the core of our business – serving our customers in all market conditions and supporting the wellbeing of our employees. This transition allows us to move beyond the short term and adopt the long-term perspective required to drive sustainable growth and create intrinsic value for all our stakeholders,” he adds.
The consortium structure aims to ensure continuity across the business. Zahid is a long-term investor in Barloworld, having maintained an enduring stake in the group over many years.
The structure strengthens direct black ownership, aligned to the group’s commitment to broad-based participation for employees and communities.
Barloworld will remain headquartered in South Africa, continuing to anchor its operations across Southern Africa.
Sewela says the transaction is an “unprecedented and defining moment” in the South African landscape.
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