enX Group Limited, formerly Austro Group Limited, has been listed in the JSE’s “Industrial Engineering” sector, “Industrial Machinery” sub-sector since 2007. Austro’s name originated from the woodworking machinery business, Austro Proprietary Limited, its sole asset at the time of listing in 2007.

The group then acquired two industrial businesses being New Way Power (generators business) and Centlube (an oil lubricant business which represents Mobil in sub-Saharan Africa). Following these major changes in the composition of the group, the board elected to change the name of the group to better reflect the group’s new composition and the direction in which it is heading. The name enX is an acronym for Energy Exchange and it highlights the board’s intention to refocus enX as an energy and industrial supplies company servicing sub-Saharan Africa.

enX continued to expand its diversified industrial offering by acquiring West African Group (a plastics, polymers, rubber and associated chemicals distributor) and lastly Eqstra Fleet Management (a passenger and commercial vehicle leasing and related services business) and EIE Group (an industrial equipment business).

enX Group Limited (“enX” or the “Group”) is a manufacturer and distributor of lubricants and a distributor of quality branded power equipment and chemicals.

During 2020 the group disposed of its United Kingdom forklift operations. On 1 April 2022 enX effectively disposed of its EIE SA operations and on 30 June 2022 of Austro.

Eqstra Fleet management (‘’Eqstra’’), which previously made up the Fleet segment, provided a full spectrum of commercial and passenger vehicle leasing services including fleet management, outsourcing solutions, maintenance, warranty management, remarketing and vehicle tracking solutions. Included in Eqstra, was Kynite, a Software-as-a-Service (‘’SaaS’’) solution which digitised the full spectrum of vehicle services, with external customers making use of this offering. Both Eqstra and Kynite were classified as a disposal group held for sale in terms of IFRS 5 with effect from 31 August 2023. The group disposed of the business with effect from June 2024.