India, SACU preferential trade pact likely to conclude by Dec 2013
India and South African nations are expected to conclude a preferential trade agreement by the end of this year, which aims at reducing tariffs on certain items traded between the two sides.
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%.
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.
