Dealer industry news from around Southern Africa
President Cyril Ramaphosa has expressed strong confidence in South Africa's automotive industry, stating it is making crucial investments to build resilience and lead the transition to green mobility despite mounting global pressures.
South Africa is scrambling to protect its economy after USA’s President Donald Trump signed sweeping tariff measures targeting the country's key exports, potentially putting 100 000 jobs at risk, reported Reuters on 1 August.
Vehicle exports to the US – South Africa’s second-largest trading partner and a key destination for locally manufactured premium models – have plummeted by 82.2% in the first half of the year compared to the first half of 2024.
The National Consumer Commission's (NCC) authority to publish and alert South Africans about vehicle recalls stems from the Consumer Protection Act (CPA), which underpins the legislative framework for consumer protection in South Africa.
New-vehicle sales continue to be marked by unwavering domestic momentum while vehicle exports are navigating global uncertainty.
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.
Advertisement
Advertisement
A light on my car’s dashboard came on, and instead of fixing the problem, I waited for the bulb to burn out. Crisis solved.
Jarod Kintz