Avis Southern Africa Limited - Press Release
Avis Southern Africa Limited
(Incorporated in the Republic of South Africa)
Reg. No: 1967/010320/06
ISIN: ZAE000013371
Share Code: AVS
For further information call:
CEO Grenville Wilson: 082 881 0025
Financial Director Andrew Langham: 082 465 9534
FROM THE EARTH TO THE MOON X 1000:
AVIS CUSTOMERS CLOCK UP THE KILOMETRES
Johannesburg, 12 June 2003 - Avis customers in Southern Africa drove the
company"s rental cars over a distance more than a thousand times greater than
the distance between the earth and the moon in the financial year ended March
2003.
The company"s annual report, published today, says its cars covered 395 million
kilometres (mean distance from earth to moon = 384 400 km) within Southern
Africa during the year. Foreign visitors accounted for 150 million kilometres
or 38% of this total.
Avis"s customers in Norway and Sweden clocked up 174 million kilometres,
including its sub-licensees in Scandinavia through which customers travelled 38
million kilometres.
The main theme of the report is the importance of people to the continued
success of Avis. Another major focus is on the sustainability of Avis"s business
model, including its commitment to corporate governance and Black economic
empowerment. The report notes Avis"s extensive support of wildlife and
environmental bodies, its efforts to reduce negative environmental effects from
its operations and its active support of the loveLife aids awareness programme.
Reflecting Avis"s contribution to the local economies in which it operates, the
report states that during the past year, its Southern African operations
purchased more than 17 500 locally manufactured vehicles with a total value of
more than R1.85 billion, adding significantly to the creation of jobs and
spreading wealth within the region. Its Scandinavian operations" vehicle
purchases included over 2 000 Swedish-manufactured vehicles with a value of over
SEK500 million.
"The business activities in which Avis is engaged in Southern Africa contribute
significantly to the development and growth of the local economy. Foreign
tourism covers the length and breadth of the region, and provides a critical
stimulus to small businesses and craft markets in remote areas where the local
population is heavily dependent on tourism and its related industries to earn a
living," the report says.
Issued by du Plessis Associates on behalf of Avis Southern Africa, Limited.
dPA contact - Kathy du Plessis
Tel : +27 11 728 4701
Fax : +27 11 728 2547/8
or e-mail : avis@dpapr.com
Date: 12/06/2003 11:00:06 AM Supplied by www.sharenet.co.za
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