
Absa launches unique vehicle finance package for Foton Taxis
Absa Vehicle and Asset Finance and Foton South Africa celebrated their first anniversary with an innovative new taxi finance product.
- Industry News
- 30 July 2025
The South African automotive industry is deeply entrenched in international supply chains. Export-driven growth continues to benefit the automotive industry and spurs activity in downstream sectors.
While exports and export-led growth offer numerous advantages, they are not without challenges. Dependence on external demand, vulnerability to global market economic fluctuations and trade barriers are potential downsides.
Thus, for the South African automotive industry, a balanced economic strategy that includes domestic market development remains essential, particularly in the current context of the inevitable transition to new-energy vehicles.
The various national and international annual automotive events bring together leading manufacturers, suppliers, OE and aftermarket components, equipment, new innovations, the latest models and services under one roof, along with conferences and panel discussions.
Automotive events and exhibitions are valuable for the domestic automotive industry in many ways. In addition to unlocking business opportunities, the showcasing of products, the launching of new products and connecting with customers, they also provide an essential platform for thought leadership round tables allowing leaders from government, business and labour to deliberate, discuss and share knowledge of and insights into relevant topics.
Must-attend national and international events on the calendar of the domestic automotive community in 2025 include the following:
South Africa:
International:
Absa Vehicle and Asset Finance and Foton South Africa celebrated their first anniversary with an innovative new taxi finance product.
With being committed to continuous improvement and a customer-first philosophy, Toyota South Africa Motors (TSAM) announced the launch of its e-commerce platform.