Dealer industry news from around Southern Africa
South Africa's efforts to secure favourable trade terms with the United States have hit significant roadblocks, with a top government official revealing that Washington is linking trade concessions to changes in the country's affirmative action framework.
The Reserve Bank (SARB) has announced a 25-basis-point cut to the repo rate, reducing it to 7%. As a result, the prime lending rate for commercial banks will drop to 10.50%.
While artificial intelligence (AI) investments offer substantial growth and profitability opportunities for insurance companies, they also introduce new risks that could significantly impact financial performance and credit ratings if not properly managed, according to Morningstar DBRS analysts.
The African Association of Automotive Manufacturers (AAAM) is accelerating its efforts to strengthen industrialisation and develop Africa's automotive value chain through the appointment of a new Project Manager.
RAM Hand-to-Hand Couriers added 100 new Transit vans to its fleet, which already consists of 578 Ford vehicles.
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.
JMC in South Africa will get a boost to increase its footprint with a strategic partnership with Salvador Caetano Auto South Africa, which also brought GAC Motor to the country.
As part of its ongoing partnership with SOS Children’s Villages, Stellantis says it is combatting youth unemployment in South Africa by equipping participants with practical, employable skills.
Following the 21st edition of the world’s pinnacle mountain bike race, Toyota South Africa Motors (TSAM) has proudly announced the renewal of the Absa Cape Epic sponsorship for another three years. The sponsorship renewal solidifies TSAM’s commitment to the endurance, passion and prestige that define the Absa Cape Epic.
Forty gleaming classic and collectible cars went under the hammer this past Saturday at the Creative Rides auction with a 1989 Porsche 911 Speedster (photo) going for R3.3-million.
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Have you ever noticed that anybody driving slower than you is an idiot, and anyone going faster than you is a maniac?
George Carlin