RZ electrical vehicle from Lexus makes local debut
Lexus South Africa new RZ, the brand’s first globally available, purpose-built battery electric vehicle (BEV), has arrived on local shores.
- Product News
- 5 March 2026
Skills development and the promotion of local supplier growth are at the centre of a Memorandum Of Agreement (MOU) just signed.
The National Association of Automotive Component and Allied Manufacturers (NAACAM) and the Tshwane Automotive Special Economic Zone (TASEZ) says the intention is to drive skills development through training programmes, promote local supplier growth, with a particular focus on small and medium-sized enterprises (SMEs), and foster economic opportunities within the automotive value chain.
Speaking at the signing of the MOA, Dr Bheka Zulu, Chief Executive Officer of TASEZ, explains that the agreement underpins the shared commitment of both organisations to developing local skills, supporting black-owned businesses and driving innovation across the automotive industry.

“The partnership provides small businesses and emerging suppliers with direct access to new markets and large manufacturers, creating a sustainable ecosystem that benefits the broader South African economy. This three-year agreement formalises collaboration between TASEZ and NAACAM and is a significant step toward advancing South Africa’s automotive sector,” he says.
The TASEZ-NAACAM partnership will focus on several strategic areas:
NAACAM CEO Renai Moothilal says the agreement reflects a holistic approach to advancing the automotive sector by aligning industry needs with government-supported initiatives.
“The partnership represents a transformative opportunity for the South African automotive sector, creating a stronger, more inclusive industry while promoting economic resilience and global competitiveness,” Renai says.
The MOA will remain in effect for three years, with the possibility of renewal and expansion based on mutual agreement.
The global automotive sector enters 2026 amid profound and rapid transformation, defined by technological acceleration, shifting policies and evolving consumer priorities., according to a white paper published by Messe Frankfurt in partnership with Frost & Sullivan.
Continental has achieved a major milestone in its global sustainability strategy by fully eliminating coal and heavy fuel oil from all its tyre production sites.
The global oil market is under pressure, with geopolitical instability driving prices higher and directly impacting consumers at the pump.