Flexi Mobility Group provides a range of solutions to motor vehicle dealers and consumers in South Africa. It operates through Flexi Mobility Group (Pty) Ltd and Flexi Capital (Pty) Ltd.
The Flexi Capital division offers working capital financing (floorplans) to motor dealers, which are of short duration.
The Flexi Drive division provides flexible vehicle subscriptions to consumers and SMEs who lack access to passenger vehicles. Almost similar to that of what Flexi Capital provides, however the credit exposure profile differs and duration of the financing agreements are longer duration.
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Ownership
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% of Astoria NAV
As at 31 December 2024 – We value the equity at zero and the remaining shareholders’ loans at a discount to face value.