Co-founder of Red Bull energy drinks, Dietrich Mateschitz, died this past Saturday (22 October) at the age of 78, after a long-term illness.
Austrian Mateschitz founded the company in 1987 with Thai national, Chaleo Yoovidhya. The company quickly became and remained the leader in the energy-drinks market.
Red Bull became associated with extreme sports owing to its sponsorship of, among other sports, big wave surfing, cliff diving, mountain biking and trail ultra-running.
But one of the brand’s biggest success stories remains its venture into Formula 1 when it bought the then-Jaguar team in 2004. Over two decades, the team was built into a champion team with Sebastian Vettel at the steering wheel.
On local soil, Red Bull has been a sponsor of motorsport champions such as Giniel de Villiers, a Dakar champion.
Last October Mateschitz’s net worth was valued at around $25 billion.
Red Bull currently employs 13 000 people in 172 countries and sells and estimated 10 billion cans of the energy drink annually.
The Johannesburg Roads Agency (JRA) announced its participation in the sixth annual Smarter Mobility Africa summit, which kicked of 1 October and continues till the 4 October at the Gallagher Convention Centre in Johannesburg.
South Africa’s first electric minibus taxi model, the eKamva, was launched by a consortium led by GoMetro, alongside an integrated new electric vehicle (EV) business model and charging infrastructure product called flx EV at the Smarter Mobility Africa summit.
A modest increase in passenger car sales in an overall market that continued its downward trend in September 2024 offered hope that the market may be slowly turning, says National Automobile Dealers Association (Nada) national chairperson, Brandon Cohen.
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You can't build a reputation on what you are going to do.
Henry Ford
The Johannesburg Roads Agency (JRA) announced its participation in the sixth annual Smarter Mobility Africa summit, which kicked of 1 October and continues till the 4 October at the Gallagher Convention Centre in Johannesburg.
A modest increase in passenger car sales in an overall market that continued its downward trend in September 2024 offered hope that the market may be slowly turning, says National Automobile Dealers Association (Nada) national chairperson, Brandon Cohen.
The National Association of Automotive Component and Allied Manufacturers (NAACAM), in partnership with the Toyota Wessels Institute of Manufacturing Studies (TWIMS), held a breakfast seminar for NAACAM members and key stakeholders from the public and private sector.
