Elisabeth Bradley’s father Albert Wessels brought Toyota (TM) to South Africa in 1961. In 2008, Wesco Investments, a South African holding company which she controls, sold off its 25% stake in Toyota South-Africa to Toyota Motor Corp. in Japan for US$320 million (R2.1 billion). She walked away with at least US$150 million (R1 billion). Bradley has served on the boards of blue chip companies such as Standard Bank Group, Hilton Hotel and Roseback Inn.
Wesco Investments Limited is a South Africa-based investment holding company. As of March 31, 2008, the Company had one principal investment, a 25% holding in Toyota South Africa (Proprietary) Limited. Toyota South Africa holds the franchise for the import, assembly, manufacture and distribution of Toyota and Lexus motor vehicles, and Hino trucks and motor vehicle parts in the Southern African customs union. Toyota South Africa exports Corolla passenger cars and Hilux pick-up vehicles to Europe and Africa ,and Corolla and Fortuner passenger cars to countries in Africa. The Company’s subsidiaries include Jati Investments (Proprietary) Limited, Wesco Bestuursmaatskappy (Proprietary) Limited, Wesco House (Proprietary) Limited and A E Wesley Investments (Proprietary) Limited.
Labels: Elisabeth Bradley South Africa Millionaire, Wesco Investments