First Car Rental achieves Top 500 status

Online, April 30, 2010 (Newswire.com) - First Car Rental , a member of the JSE-listed CMH Group, and a formidable player in the car rental industry, has another acclamation to add to its list, qualifying as one of South Africa's Top 500 businesses, achieving 4th position in the country in the car rental sector.

Top500: South Africa's Best Managed Companies is an annual publication that recognises companies that have achieved the highest levels of success, by researching over 5000 companies across 100 economic sectors, and only the five top performing companies in each sector get listed.

Qualifying as a Top500 company represents a gilt-edged achievement.
Comprehensive research unveils the best-of-the-best in South African businesses in accordance with a 13-point best practice model that includes Turnover, Growth (%), Growth (Rands), CSI Expenditure, Turnover per employee to name a few, including BBBEE qualifications.

Says Melissa Storey, Executive Head: Strategy, Development & Marketing at First Car Rental, "We attribute this to staff engagement, product development and pricing strategies, grasping opportunities, a strong business model and a forward thinking approach with partner synergies where applicable, to name a few. It is wonderful to get the recognition from Top 500. First Car Rental is performing at optimum levels so expect us to climb
the ranks next year."