The Midas Group was originally founded in 1968. The group markets and distributes quality automotive, D.I.Y and leisure products through selected channels. The group consists of Parts Incorporated Africa, the national hub and spoke distribution business, NAPA, the marketing co-operative to the members of the leading local brands, and the franchises Midas, Motolek, ADCO, CBS and Auto Care & Diagnostics.
The Group has a unique, balanced, fully empowered value adding shareholding as follows:
| Imperial Holdings Limited |
75% |
| Major Move 101 |
10% |
| Midas Staff Trust |
15% |
Empowered Shareholding: |
|
| Total Empowered Shareholding |
38% |
Empowered: Our Commitment to BBBEE
Midas Group is BBBEE compliant at the Grade 8 level as required by the Department of Trade and Industry. We are committed to improve the rating from grade 8 to grade 5 by 2010.
Other franchises in the Midas Group of Companies include:
Motolek – Auto Electrical Specialists
CBS – Clutch and Brake Specialists
ACD – Vehicle servicing, maintenance and repairs
ADCO - Diesel fuel injection specialists
