South Africa launches green car project
A project to pilot and test the feasibility of electric vehicles and associated supporting infrastructure in South African conditions was launched by Environmental Affairs Minister Edna Molewa in Pretoria on Tuesday.
Auto firm sets up regional headquarters in Nairobi
Japanese conglomerate Toyota Tsusho Corporation has established a regional headquarters in Nairobi, setting the stage for big-ticket investments in Kenya and its neighbouring states.
Car imports may ease as percentage of sales in 2013, forecasts KPMG
Audit, tax and advisory services firm KPMG believes imported passenger cars into South Africa may decrease from 72% of all local car sales in 2012, to 71% in 2013. This comes as the duty rate on imported vehicles has now stabilised at 25%.
SA is fifth choice for car maker investments
South Africa was ranked fifth-best choice for investment by car makers globally, placing behind China, India, Russia and Brazil, according to the latest KPMG global auto executive survey.
Among manufacturers in the Brics bloc of Brazil, Russia, India, China and South Africa, South Africa is seen as the third-best investment choice, beating Brazil and Russia.
