Barloworld Limited (JSE:BAW) is leaning towards unbundling its car and leasing business and listing it separately on the bourse as it struggles to find buyers for the unit, which was among the biggest casualties of the pandemic-induced travel restrictions. "We are going to be more moving towards unbundling and separately listing the company, given the huge performance they delivered," Chief Executive Officer Dominic Sewela told Business Day. "Unbundling is more certain because it's in our hands and in our control.
The only thing would be about the timing." Barloworld has been mulling over the possibility of selling or unbundling and separately listing Avis Budget Southern Africa as it slims down and narrows its focus on mining equipment and food services.