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Tag: automotive

R3.5bn empowerment venture fund to be launched in auto sector this year

South Africa’s seven light vehicle manufacturers plan to launch a R3.5-billion venture fund this year, aimed at boosting black economic empowerment in the domestic automotive manufacturing industry. The seven manufacturers are...

From survival to significance: the role of the SA automotive sector

There have been many success stories in South Africa's short history as a democracy. Our banking sector has bloomed, global trade has increased, and the country has delivered some world-class political,...

Automotive sector transformation agenda driven at NAACAM show

Increasedparticipation by black owned suppliers in the country's automotive sector and greater use of local components will be major themes of National Association of Automotive Component and Allied Manufacturers (NAACAM) Show incorporating the Durban Automotive...

Automotive Lubricants Market in Nigeria and South Africa receives a boost

Expanding vehicle parc widens revenue opportunities for automotive lubricants manufacturers, finds Frost and Sullivan's Visionary Science Team. Nigeria and South Africa rely heavily on imported raw materials for automotive lubricants....

Super Group revs Cape market

Mobility conglomerate Super Group has gone into overdrive in the Western Cape in a bid to secure a slice of the lucrative vehicle dealership market. Last month Super Group – which holds assets...

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Why Naspers is backing Facebook’s cryptocurrency project

Naspers CEO Bob van Dijk believes cryptocurrencies could have a huge and positive impact on societies by allowing for frictionless and costless transfer of...

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