Johannesburg, South Africa – 10 July 2026: Sunlyn, one of the major investments within the Sasfin stable, has entered into a transaction to acquire Capitec Rental Finance, bringing together two established businesses in South Africa’s equipment and rental finance sector. The transaction remains subject to the requisite regulatory approvals.
The acquisition further strengthens Sunlyn’s position as South Africa’s leading rental finance business and expands its ability to support equipment suppliers and their business clients across the country.
Capitec Rental Finance has established a strong presence in the rental finance market through its focus on providing flexible funding solutions that enable businesses to acquire the equipment and technology they need to grow and remain competitive. The business brings an established client base, experienced teams and longstanding supplier relationships that complement Sunlyn’s existing strengths.
For Sunlyn, the acquisition represents a natural extension of a business that has built a market-leading position over several decades. Backed by Sasfin, which has transformed into an Investment Holding Company, Sunlyn has successfully transitioned to a non-bank alternative lending platform which provides tailored funding solutions to equipment suppliers and their business clients. The business has built enduring client and supplier relationships through customised solutions, strong vendor partnerships and a commitment to exceptional service.
Commenting on the transaction, Linda Fröhlich, Chief Executive Officer of Sunlyn, said:
“This is an exciting opportunity for Sunlyn and an important step in our growth journey. Capitec Rental Finance has built a respected business with a strong reputation, an established client base and experienced teams. We believe the combination of our businesses will enhance our ability to serve clients, suppliers and business partners across South Africa while continuing to deliver the personalised service and tailored solutions for which both businesses are known.”
Harriet Heymans, recently appointed Managing Director of Sunlyn, added: “This transaction enhances Sunlyn’s scale and market reach, further strengthening our ability to support equipment suppliers and their business clients. We have greatly valued our collaboration with Capitec throughout this process, including the provision of a R1.6 billion secured credit facility that supports the ongoing funding requirements of the combined rental receivables portfolio. We look forward to building on this relationship in the years ahead.”
Whilst the parties seek the necessary regulatory approvals, both businesses will continue to operate independently and in the ordinary course, with service delivery, relationship management and client support remaining unchanged.
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