Ockert Janse van Rensburg named new Motus Corporation CEO
Ockert Janse van Rensburg took up the CEO position at Motus on November 1. After CEO Osman Arbee retired at the end of October. The JSE-listed multinational provider of automotive mobility solutions, vehicle products and services with a market capitalisation of R19.7 billion. Ockert joins CNBC Africa for this week’s Boardroom Moves feature.
Fri, 31 Jan 2025 17:53:23 GMT
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AI Generated Summary
- Janse van Rensburg highlights the strategic shift from CFO to CEO role, emphasizing long-term planning and strategic intent.
- The automotive industry faces disruption from new entrants and changing consumer demands, requiring companies like Motus to adapt and innovate.
- Motus aims to invest in employee upskilling, expand into new markets, and focus on customer retention to drive sustainable growth.
Motus Holdings, a JSE-listed multinational provider of automotive mobility solutions, vehicle products, and services with a market capitalization of R19.7 billion, recently appointed Ockert Janse van Rensburg as its new CEO. Janse van Rensburg, who was previously the CFO and acted as CEO during Osman Arbee's illness, brings a wealth of experience to the role. In a recent interview with CNBC Africa, Janse van Rensburg discussed the challenges and opportunities in the automotive industry and shared insights into his vision for the future of Motus.
Reflecting on his transition from CFO to CEO, Janse van Rensburg noted that the current position offers more strategic challenges and opportunities for long-term planning. Having been with Motus for a decade, he highlighted the dynamic nature of the industry, with new entrants disrupting traditional markets. He emphasized the continued importance of providing affordable and reliable mobility solutions to consumers, both in South Africa and other key markets like the UK and Australia.
Discussing the impact of macroeconomic factors on the business, Janse van Rensburg acknowledged the influence of interest rates and load-shedding on consumer behavior. While recent interest rate adjustments have provided some relief, he highlighted the need for further reductions to stimulate consumer spending. Despite challenges like load-shedding, he expressed confidence in consumers' ability to adapt to such disruptions.
Looking ahead, Janse van Rensburg outlined Motus' strategic priorities, including upskilling employees to meet changing customer needs and expanding into new markets such as aftermarket parts. By focusing on customer retention and long-term value creation, he aims to position Motus for sustainable growth in the coming years. With a strong team and a clear strategic direction, Janse van Rensburg is optimistic about the company's prospects and committed to delivering positive results.