Empowerment level 3 BBBEE contributor

Transit is a level 3 BBBEE contributor to the national accredited scorecard. The outsourcing of the technology platform to AFS and transaction administration to financial institutions has allowed the company to focus on its core business, namely the delivering of a quality fleet management services in collaboration with Fleet Data Technologies.

Transit is a service orientated company and the long awaited expectation of being an empowered entity (50 +1%) will become a reality and we are excited of the prospect to share in the mainstream value of the fleet industry in an equitable way. The shareholders in Transit are, AFS Group, Calulo, Fleet Data Technologies and a broad based trust and the company aims to increase the diversified participation as and when shareholders are identified that can contribute in a constructive way to the service delivery function of the company.