S. Africa seeks tie-ups with Indian auto companies
South Africa is pitching its burgeoning auto-component manufacturing industry to Indian automakers for partnerships.
Accompanied by a delegation of 27 companies, Elizabeth Thabethe, the country’s Deputy Minister of Trade and Industry, met Indian companies in a trade summit facilitated by the Southern India Chamber of Commerce and Industry.
She said the country has been integrating its automotive supply chain through partnerships with Japan and Germany over the last decade.
WB head urges S. Korean firms to tap Africa
World Bank Group President Jim Yong Kim said Tuesday South Korean companies should set their sights on developing countries in Africa for new business opportunities as well as for shared growth.
Kim, who is on his second visit to South Korea since taking up the post in July last year, said Africa is more than a region in need of aid but a new business partner.
17th Auto expo Africa 2014 to be held in Nairobi
The three-day automobile extravaganza – AUTO EXPO AFRICA – KENYA 2014 - which is being organized jointly by Expo group and Expo link Exhibitions & Publications Limited (Kenya) will be held at The Kenyatta International Conference Centre from 27 – 29 April. Auto enthusiasts and potential buyers will get an opportunity to witness the Auto Aftermarket as well as view vehicles on display. Neville  Trindade,  Exhibition Manager  of  Expogroup, had  this  to  say,  "This  time  around the experience is going to be unique for participants, and auto enthusiasts. For the first time, we will be providing an area for spare parts display.
South Africa’s Current-Account Deficit Widens to 6.8% of GDP
South Africa’s current-account deficit widened to 6.8 percent of gross domestic product in the third quarter, the biggest gap in more than five years, as a weak rand boosted import costs while strikes and subdued global demand hurt exports.
